645 Florence St, Imperial Beach, CA 91932
$1,800,000 Mortgage Calculator Active Single Family Residence
Property Details
About this Property
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.
MLS Listing Information
MLS #
SD260001554
MLS Source
San Diego MLS
Days on Site
10
Interior Features
Kitchen
Other
Appliances
Other
Laundry
Other
Cooling
Other
Heating
Other
Exterior Features
Roof
Other
Pool
Other
Parking, School, and Other Information
Garage/Parking
No Garage, Other, Garage: 0 Car(s)
HOA Fee
$0
Zoning
R-4:MULTIP
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
645 Florence St is a Single Family Residence in Imperial Beach, CA 91932. This 859 square foot property sits on a 7,499 Sq Ft Lot and features 2 bedrooms & 1 full bathrooms. It is currently priced at $1,800,000 and was built in 1949. This address can also be written as 645 Florence St, Imperial Beach, CA 91932.
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This listing information is up-to-date as of January 21, 2026. For the most current information, please contact Ashraf Salim, (619) 300-8004
