181 Ballantyne St

El Cajon, CA 92020

$3,520,000
Last Sold Price
3
Beds
2
Baths
11,400 Sq. Ft.
$309 / Sq. Ft.
11,400
Sq. Ft.
$309
per Sq. Ft.
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Sold 4/30/24
Sold 4/30/24
a view of car parked in front of garage
a view of a house with a backyard
a view of a white house in front of a big yard with large trees
a view of a chair and table in backyard of the house
a view of an house with backyard and a tree
a view of a back yard of the house
a front view of a house with a yard
a utility room with dryer and washer
a view of swimming pool with chairs
a living room with furniture and a flat screen tv
a kitchen with sink a refrigerator and cabinets
a living room with furniture and a flat screen tv

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
    P: (858)-546-2644 allenchitayat@gmail.com

Property Details for 181 Ballantyne Street

Parking Garage
Spaces
Area Zip
EL CAJON (92020)
Standard Status
Closed
LISTING UPDATED: 01/30/2025 06:57 PM

Property Details for 181 Ballantyne Street

StatusSold
MLS #240001031
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Com-Res Income
Year Built-
Lot Size0.53 AC / 23,086 SF
CountySan Diego County
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Location

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

Sold By Marcus & Millichap, Austin Huffman, DRE #01981817

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Building Information for 181 Ballantyne Street

Stories2Residences16Year Built-Building Size-Lot Size0.53 AC / 23,086 SF

Payment Calculator

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$21,842 per month

30 year fixed, 6.15% Interest

Principal and Interest

$17,156

Property Taxes

$4,686

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 181 Ballantyne Street

Summary
Location and General Information
  • Coordinates: -116.956525, 32.796329
  • Latitude: 32.796329
  • Longitude: -116.956525
  • MLS Area Major: East County
Parking
  • Carport Spaces: 0.0
  • Parking Features: Spaces
  • Parking Total: 23.0
Property
Lot Information
  • Building Area Total: 11400.0
  • Building Area Units: Sqft
  • Living Area: 11400
  • Living Area Units: Sqft
  • Lot Size Area: 0.53
  • Lot Size Square Feet: 23086.0
  • Lot Size Units: Acres
  • Lot Size:
  • Building Area Source: Buyer to Verify
Property and Assessments
  • Property Sub Type: Com-Res Income
  • Property Type: Residential Income
  • Year Built: 0
  • Assumable Finance: 0.0
Interior and Exterior Features
Exterior Features
  • Structure Type: Apartment
  • Number Of Buildings: 1
Interior Features
  • Bathrooms Half: 0
  • Stories: 2
  • Cooling: Central Forced Air Elec
  • Levels: 2 Story
  • Bedrooms Count: 3
  • Baths Total: 2.0
Multi Family
Income & Expenses
  • Operating Expense: $154,927
  • Proj Gross Multiplier: 9.89
  • Gross Scheduled Income: $297,840
Multi Family Information
  • Unit Rent1: 1485
  • Unit Rent2: 1723
  • Num of Units1: 12
  • Num of Units2: 4
  • Unit Rent Total1: $17,580
  • Unit Rent Total2: $6,892
  • Number Of Units Total: 16
Rental
Rent Information
  • Num of Leased Apartments: 16

Property History for 181 Ballantyne Street

DateEvent & SourcePriceAppreciation
Apr 30, 2024

Sold (Public Record)

Public Record #1531256451

$3,520,000—
Apr 30, 2024

Sold

SDMLS #240001031

$3,520,000—
Mar 2, 2024

Pending

SDMLS #240001031

—
Dec 7, 2023

Listed (Active)

SDMLS #240001031

$3,895,000—
DateEvent & SourcePrice
04/30/2024

Sold (Public Record)

Public Record #1531256451

$3,520,000
04/30/2024

Sold

SDMLS #240001031

$3,520,000
03/02/2024

Pending

SDMLS #240001031

—
12/07/2023

Listed (Active)

SDMLS #240001031

$3,895,000

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$2,040,000Additions$1,550,400Total$3,590,400
Tax Record2025$56,232 ($4,686 / month)
Home Facts
Total Finished SqFt10,476 SqFtAbove Grade Finished SqFt10,476 SqFtLot Size23,086 SqFtStyleMulti-Family Res (5+ Units)Year Built1979ZoningCOMMERCIALCountySAN DIEGOAPN488-112-63-00

Schools near 181 Ballantyne Street

This home is within Cajon Valley Union School District.
Rating
School
Type
Grades
Distance
Naranca Elementary School
Public - K to 6
Cajon Valley Middle School
Public - 6 to 8
El Cajon Valley High School
Public - 9 to 12
Empower Academy
Public - K to 8
Rating
School
Distance
Naranca Elementary School
PublicK to 6

Cajon Valley Middle School
Public6 to 8

El Cajon Valley High School
Public9 to 12

Empower Academy
PublicK 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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

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