542 Ballantyne St | El Cajon, CA 92020
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542 Ballantyne St
El Cajon, CA 92020
Terre at Ballantyne · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- DESIRABLE UNIT MIX comprised of one and two-bedroom floorplans
- CAPITAL IMPROVEMENTS include $313,000 in enhancing common area spaces such as new roofs in place and in-unit renovations covering 37% of the units.
- RENTERS ARE MIGRATING TO SUBMARKETS LIKE EAST COUNTY, with larger and more affordable units while still having immediate access to major job nodes.
- COMMUNITY AMENITIES include two swimming pools, assigned parking, laundry facilities, pet-friendly community, and onsite management.
- TRUE VALUE-ADD OPPORTUNITY with the ability to capture 23% in rental income by implementing interior and exterior renovation programs.
- EAST COUNTY IS TRENDING; exhibiting one of the steadiest rates of demand and growth in the region over the past year with historically low vacancy.
PROPERTY FACTS
| No. Units | 60 | Building Size | 41,424 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Lot Size | 1.58 AC | ||
| Zoning | RM-2200 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.58 AC |
| Building Size | 41,424 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | RM-2200 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Carpet
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Recycling
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 550 |
| 2+1 | 16 | - | 814 |
| 2+2 | 12 | - | 900 |
PROPERTY TAXES
| Parcel Number | 483-340-51 | Improvements Assessment | $8,197,751 |
| Land Assessment | $6,367,248 | Total Assessment | $14,564,999 |
PROPERTY TAXES
Parcel Number
483-340-51
Land Assessment
$6,367,248
Improvements Assessment
$8,197,751
Total Assessment
$14,564,999
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