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$3,700,000
260022227 MLS ACTIVE Status
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.

120 Ballantyne, El Cajon

$3,900,000
14 Beds 13 Baths 260007287 MLS ACTIVE Status
275 S Mollison Avenue is a 13-unit apartment community offering a fully leased, turnkey investment opportunity. The property features recent upgrades throughout, including new flooring and modern bathroom finishes with floating vanities, creating a clean, contemporary feel that appeals to today’s tenants.This asset delivers stable cash flow, low maintenance, and strong rental demand, all within a private setting and conveniently located near schools, shopping, and major freeways.The current ownership has completed significant improvements, including a full renovation of one unit following vacancy. Upgrades included new cabinetry, flooring, drywall, insulation, updated sliding doors, a remodeled bathroom, and relocation of the water heater to a new tankless system. Professionally managed by Sandirent Property Management for the past three years, the property has maintained consistent performance with no major tenant-related issues, providing investors with confidence in its ongoing operations.An excellent opportunity for investors seeking a stabilized, income-producing asset with upside potential.

275-99 S Mollison, El Cajon

$3,950,000
250045081 MLS ACTIVE Status
Located in the heart of downtown El Cajon, this multi-tenant office building offers a unique investment opportunity. Each suite features a dedicated reception area, in-suite restrooms, and access to 17 gated parking spaces, along with ample street parking. Situated near the library, shops, restaurants, and public transportation, the property is within the Mixed-Use Overlay Zone and Downtown Master Design Plan, offering significant potential for residential or mixed-use development. This is an ideal opportunity for investors, developers, or business owners seeking a versatile and high-value property. Sale includes 3 separate properties with individual APN'S (269 with APN 488-221-31-00, 277 with APN 488-221-32-00 and 291 with APN 488-221-33-00).

269, 277, 291 Lexington Ave, El Cajon

$3,388,888
250035724 MLS ACTIVE Status
MAJOR PRICE REDUCTION!!! The portfolio from the corner of Millar with FRONTAGE ON W. Main Street to just the middle of the block is finally offered for sale providing an opportunity to redevelop for the newest mixed-use project in El Cajon. From the City to Seller "We’re thrilled to announce a major revitalization of downtown El Cajon! The Downtown El Cajon Business Partners have teamed up with New City America – a nationally recognized urban revitalization firm – to re-energize our city’s historic heart. Leading the charge is Marco Li Mandri, the visionary best known for transforming San Diego’s Little Italy into a vibrant destination as well as the Third Avenue Village in Chula Vista. With over 30 years of experience revitalizing communities." The City is inviting Developers to come and bring their MIXED-USE solutions to an area that deeply needs regeneration and life. This is the perfect block to start on. Seller has these four parcels starting with the vacant warehouse on the west corner of Millar Ave and W. Main St, a main thoroughfare into the City from both La Mesa and Santee. A portfolio sale would allow a developer acquire almost an entire block or about 21,000 SF +/-. This area desperately needs a shopping center with grocer, restaurants, small retail and office. The AB 2011 and SB6 allows a developer to expand his project and fulfill the needs of the city with the inclusion of residential or density units. The very low parking requirement sitting in the transit district should allow a developer to maximize their FAR for income producing suites and units. The City has confirmed license for warehouse retail can be moved to buyer if done within 30days of COE! You can see the City has been slowly investing in the area with new sidewalk, ADA ramp, commercial waterflow at street, new street lights, trees, bike lane and decorative plants. PROPERTY FEATURES - Investment Type: 4-Parcel Sale for Mixed-Use Development - Lot Size: Approx. 21,000 SF - APN: 487-282-27-00, 487-282-28-00, 487-282-29-00, 487-282-31-00 - Zoning: Commercial with Mixed Use Overlay - Sale Price: $3,388,888 PROPERTY HIGHLIGHTS - Location on W Main Street Just Off HWY 8 Ramps - Located in the El Cajon Transit District Specific Plan - City of El Cajon Anxious to Work with Developer to Revamp Industrial Area - Direct Buyers to AB 2011 and SB 6 for Increased Residential Density and Mixed-Use - Located in the El Cajon Transit District Specific Plan, Blocks from Trolley Hub and Bus Line - 173,780 Cars Per Day on Interstate 8 (0.4 Mile Away) with Off Ramps Feeding into this Street at Signal - Chance to Acquire 4 Parcels on W. Main Street first time in more than 40 years 927 W Main Street, El Cajon, CA 92020 Address 925 W Main Street, El Cajon, CA 92020 Address 935 W Main Street, El Cajon, CA 92020 Address 939 W Main Street, El Cajon, CA 92020 Property Type IMPROVED Vacant Land Size Approx. 5,582 SF Lot Property Type LIVE/WORK Office/Retail Size Approx. 1,650 SF on 5,198 SF Lot Property Type Mechanics Shop Size Approx. 1,288 SF on 5,157 SF Lot Property Type Industrial Warehouse Size Approx. 3,800 SF on 5,219 SF Lot This area is primed for redevelopment as part of the “Green Street Gateway” and “Commercial Village.” The parcel is easily accessible and within 2 short blocks of HWY 8 onramps, the major signal at Marshall and Main Street, around the corner from El Cajon's transit hub and Trolley stop known as the El Cajon Transit Center, and in blocks of several major car dealerships including Mossy Nisan, Mercedes and Toyota of El Cajon. The City is looking for revitalization to serve the neighborhoods and the many employees within the immediate area on a daily basis. "The area immediately surrounding the transit station is an aging industrial and heavy commercial area which interfaces with residential neighborhoods comprised of single and multi-family residences. The Planning Area contains a diverse mix of uses but lacks the appropriate infrastructure, public amenities, and commercial services to function as a complete neighborhood that promotes alternative mode of transportation and that is a desirable and attractive place to live, walk, bike, work or shop." Pg. 14. p 2.3 El CAJON TRANSIT DISTRICT SPECIFIC PLAN. This City of El Cajon is screaming for developers to come in and revamp the area within the new Commercial Village overlay. Contact me to learn more about this property. City of El Cajon has advised developers to look into the application of new state laws AB2011 and SB6 which may help you to up-zone the residential component of this proposed redeveloped mixed-use. This area is just east of the 8 freeway with frontage on W. Main St. as you enter El Cajon and walking distance to Trolley Line. City is anxious to see this area redeveloped into a "North Park" of the east with tons of walking traffic, restaurants, retail, office and some upper units. This area is just primed for your developers looking for a new mixed-use project with very low parking requirement. Buyer to investigate new AB 2011 and SB6 for increased housing to see if this industrial area and any conversions to residential units will allow for any variances in approval for additional units above the required mixed-use zoning set into place by City of El Cajon. The four lots are backing an older residential neighborhood and near trolley by 2 blocks.

927-939 W Main St, El Cajon

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