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- 645 Florence St, Imperial Beach, CA 91932
- MLS#: 260001554SD ( Single Family Residence )
- Street Address: 645 Florence St
- Viewed: 9
- 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

- DMCA Notice
-
DescriptionPrime 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.
Property Location and Similar Properties
All
Similar
Features
Cooling
- See Remarks
Country
- US
Eating Area
- See Remarks
Fencing
- Needs Repair
Garage Spaces
- 0.00
Heating
- See Remarks
Laundry Features
- See Remarks
Levels
- One
Living Area Source
- Assessor
Parcel Number
- 6262422200
Parking Features
- Driveway
- Other
Pool Features
- None
Property Type
- Single Family Residence
Roof
- See Remarks
Subdivision Name Other
- Imperial Beach
Uncovered Spaces
- 2.00
Year Built
- 1949
Zoning
- R-4:MULTIP
Based on information from California Regional Multiple Listing Service, Inc. as of Feb 06, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on February 6, 2026 @ 12:00 am
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