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  • MLS#: 260001554SD ( Single Family Residence )
  • Street Address: 645 Florence St
  • Viewed: 8
  • Price: $1,800,000
  • Price sqft: $2,095
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 859
  • Bedrooms: 2
  • Total Baths: 1
  • Full Baths: 1
  • Garage / Parking Spaces: 2
  • Days On Market: 16
  • Additional Information
  • County: SAN DIEGO
  • City: Imperial Beach
  • Zipcode: 91932
  • Subdivision: Imperial Beach
  • Provided by: SDpremier
  • Contact: Ashraf Ashraf
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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. 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.
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Features
Cooling
  1. See Remarks
Country
  1. US
Eating Area
  1. See Remarks
Fencing
  1. Needs Repair
Garage Spaces
  1. 0.00
Heating
  1. See Remarks
Laundry Features
  1. See Remarks
Levels
  1. One
Living Area Source
  1. Assessor
Parcel Number
  1. 6262422200
Parking Features
  1. Driveway
  2. Other
Pool Features
  1. None
Property Type
  1. Single Family Residence
Roof
  1. See Remarks
Subdivision Name Other
  1. Imperial Beach
Uncovered Spaces
  1. 2.00
Year Built
  1. 1949
Zoning
  1. R-4:MULTIP