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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 |
| Square Footage | 859 sf |
| Bedrooms | 2 |
| Full Bathrooms | 1 |
| Directions | Cross Street: Palm Ave. |
| Market Area | 91932 - Imperial Beach |
| Neighborhood | Imperial Beach |
| Complex | Imperial Beach |
| School District | Not Listed |
| Age Restriction | 0 |
| Property Type | |
| Mello-Roos Fee | $0 |
| HOA Fee | $0 |
| County | San Diego |
| Assessor Parcel# | 6262422200 |
| Zoning | R-4:MULTIP |
| Geographic Areas | |
| 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 |
| 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 |
| Year Built | 1949 |
| Laundry Location | See Remarks |
| Elevator | Not Listed |
| Cooling | See Remarks |
| Heating | See Remarks |
| Fireplaces | Not Listed (0) |
| Platform | CRMLS |
| AOR | San Diego |
| MLS Number | 260001554SD |
| Courtesy of | SDpremier |
| Listing Agent | Ashraf Salim |
https://www.californiatophomes.com/260001554SD