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120 Ballantyne St

El Cajon, CA 92020
  • $4,500,000
  • STATUS: ACTIVE
  • ON SITE: 15 Days
  • ID#: 230001270
UPDATED: 36 min ago
$4,500,000
  • 12
    BEDS
  • 0.18
    ACRES
  • 12
    BATHS
  • 8
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/136200156
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120 Ballantyne St El Cajon, CA 92020

  • Price: $4,500,000
  • Status: ACTIVE
  • On Site: 15 Days
  • Updated: 36 min ago
  • ID#: 230001270
12
Beds
12
Baths
8
½ Baths
0.18
Acres
Neighborhood:
El Cajon (92020)
County:
San Diego
Area:
El Cajon (92020)
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.
Exterior Features

Parking Spaces Total 15

Interior Features

Sq Ft Of Improvement 0

Property Features

Actual Cap Rate 3.44 Actual Gross Scheduled Income 220800.0 Actual Operating Expense 65748.72 Assumable Finance 0 Buildings 1 Complex Features None Gross Equity 0 Gross Multiplier 0 Have Sale Leased Apartments 10 Mandatory Remarks None Known Market Area East County Motive Want Sale Projected Cap Rate 3.95 Projected Gross Scheduled Inc 258960 Projected Net Income 177900 Projected Operating Expense 81060 Unit Number1 1 Unit Number10 10 Unit Number2 2 Unit Number3 3 Unit Number4 4 Unit Number5 5 Unit Number6 6 Unit Number7 7 Unit Number8 8 Unit Number9 9 Unit Rent1 2600 Unit Rent10 650 Unit Rent2 1750 Unit Rent3 1900 Unit Rent4 2300 Unit Rent5 2300 Unit Rent6 1900 Unit Rent7 1750 Unit Rent8 2600 Unit Rent9 650

San Diego MLS logo Listing provided courtesy of Keller Williams Realty: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101