Home | San Diego County | Imperial Beach | 91932 | 645 Florence St
MLS: SD260001554 | Status: Active | Price: $1,399,000
Beds/Baths: 2 / 1
Property Type: Residential
| Beds | Bath | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 2 | 1 | 859 | 7,499 | 1949 |
Prime development opportunity! This rare coastal asset is a shovel-ready mixed-use development opportunity with fully approved building and grading plans for a 10-unit apartment building plus 1 ground-floor commercial space in the core of Imperial Beach. The approved design maximizes density and unit efficiency while capitalizing on potential future ocean and Downtown San Diego skyline views. The project is ideally positioned to attract long-term tenants and commercial users due to its proximity to the beach, major employment centers, retail corridors, and regional transit. The unit mix and modern design provide strong rent growth potential and favorable operating efficiencies. With entitlements secured, developers potentially benefit from a shortened construction timeline, reduced entitlement risk, and immediate vertical development potential. This asset offers multiple exit strategies, including long-term hold for stabilized cash flow, refinance upon lease-up, or sale as a newly constructed coastal multifamily investment in a supply-constrained market. This is a turnkey opportunity to develop a premium mixed-use project in one of Southern California's fastest growing coastal communities.
| Field | Value |
|---|---|
| MLS # | SD260001554 |
| MLS Source | San Diego MLS |
| Days on Site | 153 |
| Feature | Details |
|---|---|
| Kitchen | Other |
| Appliances | Other |
| Laundry | Other |
| Cooling | Other |
| Heating | Other |
| Feature | Details |
|---|---|
| Roof | Other |
| Pool | Other |
| Feature | Details |
|---|---|
| Garage/Parking | No Garage, Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
| Zoning | R-4:MULTIP |
Ashraf Salim
SDpremier
License #: 01881515
Phone: (619) 300-8004
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2205 Leon Ave | $1,395,000 | 3 | 2 | 1,697 | PendingDoNotShow |
| 246 Calla Avenue | $1,625,000 | 5 | 3 | 2,170 | Active |
| 119 Date Ave | $1,533,000 | 3 | 3 | 1,789 | Active |
| 1361 California | $1,199,000 | 3 | 2 | 1,590 | Active |
| 569 Delaware St | $1,200,000 | 5 | 3 | 2,061 | Active |
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This listing information is up-to-date as of March 11, 2026. For the most current information, please contact Ashraf Salim, (619) 300-8004.