120 Ballantyne St 10 Unit Apartment Building $5,623,376 CAD ($562,338 CAD/Unit) 4.27% Cap Rate El Cajon, CA 92020

Ballantyne Condominiums is a newly constructed mixed-use asset ideally located in the heart of downtown El Cajon,
within walking distance of Magnolia entertainment venue, popular restaurants, shopping, and local amenities.
The property consists of eight residential condominium units and two ground-floor retail/office suites, including:
INVESTMENT OVERVIEW
Four (4) spacious 2-bedroom, 2.5-bath units
Two (2) 1-bedroom plus study, 1.5-bath units
Two (2) 1-bedroom, 1.5-bath units
Two (2) street-level retail spaces
Each residential unit is equipped with in-unit washer and dryer, individual HVAC systems, and secure gated covered parking. The property is currently 100% occupied, with all residential tenants on month-to-month leases, providing a new owner with the flexibility to implement immediate rental increases and maximize income potential.
This turnkey investment is strategically positioned to benefit from the continued growth and revitalization of the East County submarket. A unique value-add opportunity exists for a buyer to complete the HOA formation process and pursue the sale of individual condominium units, potentially unlocking significant additional value.
As a rare newer-construction asset, Ballantyne Condominiums offers low maintenance requirements, modern amenities, and strong long-term investment fundamentals.