Active

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

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1 Half Baths: 0
  • Interior Features

    Roof: See Remarks Interior Features: See Remarks
  • Cooling Features

    See Remarks Air Conditioning

    Heating Source

    See Remarks Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 1949 Roof: See Remarks
  • Pool Features

    None

    Laundry Features

    See Remarks

    Fencing

    Needs Repair

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1722
  • Lot Size Source: Assessor Lot Size Square Feet: 7499

  • Listing Price Information

    Original List Price: 1,399,000 Listing Contract Date: 2026-01-21
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 6262422200

  • Garage and Parking

    Garage Description: Driveway,Other

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 91932 - Imperial Beach Directions: Cross Street: Palm Ave. Zoning: R-4:MULTIP Source Property Type: Residential Area: 91932 - Imperial Beach Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 77 Structure Type: Single Family Residence Year Built Source: Vendor Enhanced Total Square Feet Living: 859 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
931-935 13'th St, Imperial Beach, CA, 91932 $1,069,900 -- -- --
28-1026 Georgia, Imperial Beach, CA, 91932 $1,325,000 -- -- --
1195 Georgia St A C, Imperial Beach, CA, 91932 $1,688,888 -- -- --
1249 Elm Avenue, Imperial Beach, CA, 91932 $999,000 3 3 3,026 3,026 SqFt
1254 13th Street #1-2, Imperial Beach, CA, 91932 $950,000 3 3 1,373 1,373 SqFt
1193 Florence St, Imperial Beach, CA, 91932 $4,995,000 -- -- --
571 11th St, Imperial Beach, CA, 91932 $980,000 4 3 2,417 2,417 SqFt
1019 Cherry Avenue, Imperial Beach, CA, 91932 $1,100,000 4 2 2,332 2,332 SqFt
924 Florida Street, Imperial Beach, CA, 91932 $819,000 3 2 984 984 SqFt
875 11th Street, Imperial Beach, CA, 91932 $775,000 2 1 693 693 SqFt

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ByOwner last updated this listing 06/06/2026 @ 03:15

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

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