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$3,500,000

120 Ballantyne

El Cajon, CA 92020

Active

San Diego

County

MixedUse

Property Type

About this home

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.

Listed by Ben Ameen · DRE #01999481 · Coldwell Banker West

MLS #1190440338

ListedSep 10, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total Units10

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot SizeN/A

Lot FeaturesN/A

ViewN/A

DirectionsN/A

Community

Area92020 - El Cajon

School DistrictN/A

Tax & Financial

TermsCash

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$18,628/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 7:45 PM

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