120 Ballantyne St, El Cajon, CA 92020

$4,500,000
List Price
$4,500,000
Status
ACTIVE
MLS#
230001270SD
Lot Size
7,663
Acres
0.18
Days on Market
16
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Ballantyne Condominiums is a newly built mixed-use complex located in the middle of downtown in walking distance to The Magnolia entertainment venue & bustling restaurants &stores. The subject property consists of four (4) large two-bedroom, two and a half bathroom units, two (2) one-bedroom w/ study, one and a half bathroom units, two (2) one-bedroom, one and a half bath units and 2 retail spaces on the bottom floor. Each unit features washer and dryers, HVAC systems, and on-site gated covered parking. This property is fully leased withevery tenant on a month-to-month lease which allows opportunity for immediate increases. This asset offers a turn-key investment positioned to benefit from the high growth of the EastCounty Submarket overall. The property offers the new owner the opportunity to finalize an HOA and selling each unit individually. Rare newer construction offers low maintenance cost.

Additional Information

Attached Structure
Detached
Number Of Units Total
8
Gross Scheduled Income
$220,800
Operating Expense
65748

Listing courtesy of Listing Agent: Robert Petrich (bobpetrich@gmail.com) from Listing Office: Keller Williams Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.