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645 Florence St

Imperial Beach, CA 91932
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Bed 2

Bed

Bath 1

Bath

SqFt859

Sqft

SqFt7,499

Sqft(Lot)

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 entitle ment 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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Detail Ic Property Details

Property Type : Residential

Price : $1,399,000

AD Id : 74426681

MLS Id : 260001554SD

Beds : 2

Lot Size : 7,499 Sqft

Living Area Size : 859

Year Built : 1949

County : San Diego

Subdivision: Fallbrook

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Roofing Information

    See Remarks
  • Interior Features

    See Remarks
    Roof: See Remarks
    Laundry Features: See Remarks
  • Heating & Cooling

    Has Heating: Yes Heating: See Remarks Has Cooling: Yes Cooling: See Remarks

  • Building Information

    Year Built: 1949
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7499 Lot Size Acres: 0.1722 Lot Size Source: Assessor Lot Size Square Feet: 7,499

    Property Information

    Subdivision: Imperial Beach Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 77

  • Listing Price Information

    Listing Price: $1399000
    Original Price: $1800000
    Cash, Conventional

  • Tax Information

    Parcel Number: 6262422200

  • Location Information

    Direction: Cross Street: Palm Ave.
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ByOwner last updated this listing 07/21/2026 @ 15:22

MLS: 260001554SD LISTED BY: Ashraf Salim, SDpremier 800-409-0959 SOURCE: CRMLS

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