For Sale at Imperial Beach: 645 Florence St, Imperial Beach, CA 91932. 2-bedroom 1-bath, 859 sf, 1949 Imperial Beach $0 - $1,800,000 begin new search
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Overview

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.

Address 645 Florence St

Imperial Beach, CA 91932
Listing Status Active
Asking Price $0 - $1,800,000
Original Listing $1,800,000 @ 2026-01-21
Rooms
See Remarks
Square Footage 859 sf
Bedrooms 2
Full Bathrooms 1
Location
Directions Cross Street: Palm Ave.
Market Area 91932 - Imperial Beach
Neighborhood Imperial Beach
Complex Imperial Beach
School District Not Listed
Ownership
Age Restriction 0
Property Type
Mello-Roos Fee $0
HOA Fee $0
Public Records
County San Diego
Assessor Parcel# 6262422200
Zoning R-4:MULTIP
Geographic Areas

Community College District: Southwestern CC

Zip Code: 91932

Highway Locator

West of I-5

South of I-8

West of I-805

South of SR-52

South of SR-56

South of SR-78

Ocean Distance 1.5 miles
Exterior
Style Single Family Residence
Material Not Listed
Lot Size ~ 7,499 sf
Fencing Needs Repair
Topography Not Listed
Roof See Remarks
Swimming Pool None
Exclusive Yard 1
Parking
Driveway
Other
Total Spaces: 2
Garage Spaces: 0
Non-Garage Spaces: 0 - 2.00
View Not Listed
Features
Year Built 1949
Laundry Location See Remarks
Elevator Not Listed
Cooling See Remarks
Heating See Remarks
Fireplaces Not Listed (0)
Monthly Payment Calculator
Property Tax estimate of 1% of listing price does not include local voter-approved bonds/assessments, supplemental taxes for new construction or ownership changes, extra local fees, etc.
Listing Source
Platform CRMLS
AOR San Diego
MLS Number 260001554SD
Courtesy of SDpremier
Listing Agent Ashraf Salim