181 Ballantyne Street

El Cajon, CA 92020

$3,895,000
Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

We are pleased to offer for sale the Rockford Gardens (“The Property”), a 16-unit Value-Add multifamily community in the heart of Downtown El Cajon neighboring City Hall and Cajon Valley Middle School. Constructed in 1971, The Property is comprised of four (4) two-bedroom/one-bathroom units and twelve (12) one-bedroom/ one-bathroom units. Tenants enjoy on-site assigned parking, communal laundry facilities, a grass courtyard, two units with large private back yards, tremendous freeway access, walkable...We are pleased to offer for sale the Rockford Gardens (“The Property”), a 16-unit Value-Add multifamily community in the heart of Downtown El Cajon neighboring City Hall and Cajon Valley Middle School. Constructed in 1971, The Property is comprised of four (4) two-bedroom/one-bathroom units and twelve (12) one-bedroom/ one-bathroom units. Tenants enjoy on-site assigned parking, communal laundry facilities, a grass courtyard, two units with large private back yards, tremendous freeway access, walkable retail & public transit, parks, and recreational activities. Two separate areas on the property comprise roughly 6,100 SF that could be utilized for ground-up ADU development.
  1. Listed by Allen S Chitayat • DRE #00894356 • Brokerage DRE #00409987 • CBRE

Property Details for 181 Ballantyne Street

City Postal ID
EL CAJON (92020)

Location

Listing Courtesy of CBRE, Allen S Chitayat, DRE #00894356
Add your commute
LISTING UPDATED: 01/13/2024 05:55 AM

Property Details for 181 Ballantyne Street

StatusActive
MLS #240001031
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Apartment
Year Built-
Lot Size0.53 AC / 23,086 SF
CountySan Diego County

Location

Listing Courtesy of CBRE, Allen S Chitayat, DRE #00894356
Add your commute

Building Information for 181 Ballantyne Street

Stories-Residences-Year Built-Building Size-Lot Size0.53 AC / 23,086 SF

Payment Calculator

$23,271 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,257

Property Taxes

$2,014

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 181 Ballantyne Street

Summary Information
Property and Location
  • System ID: 240001031
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 181
  • Street Name: Ballantyne Street
  • Market Area: East County
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 16
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: .5 through .75 Acres
  • Assessors Parcel Num: 488-112-63-00
Multi Family Information
Unit 1
  • Unit Rent: 1485
  • Unit Rent Total: $17,580
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Number of Bathrooms: 1
Unit 2
  • Unit Rent: 1723
  • Unit Rent Total: $6,892
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Number of Bathrooms: 1
Building Details
  • Unit Type: Apartment
  • Age: 1971
  • Have: 16 Value Add Units
  • Motive/Want: Sale
  • Parking: Spaces
  • SqFt of Improvement: 11,400

Property History for 181 Ballantyne Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 181 Ballantyne Street

Taxable ValueLand$454,368Additions$695,761Total$1,150,129
Tax Record2023$24,162 ($2,014 / month)
Home Facts
Lot Size23,086 SqFtStyleMulti-Family Res (5+ Units)ZoningCOMMERCIALCountySAN DIEGOAPN488-112-63-00

Schools near 181 Ballantyne Street

This home is within Cajon Valley Union School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Naranca Elementary School
PublicK to 5

Cajon Valley Middle School
Public6 to 8

El Cajon Valley High School
Public9 to 12

Eje Middle Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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181 Ballantyne Street is a multi-family home for sale in El Cajon, CA 92020. This property was listed for sale on December 7, 2023 by CBRE, it's currently listed at $3,895,000. This listing's school districts are Cajon Valley Union School District, Grossmont Union High School District. Nearby schools include Naranca Elementary School, Cajon Valley Middle School and El Cajon Valley High School. 181 Ballantyne Street is a 3-bed, 2-bath, multi-family home.

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Listing Courtesy of CBRE, Allen S Chitayat, DRE #00894356

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