Properties

Imperial Beach, CA 91932 645 Florence St

645 Florence St Imperial Beach, CA - Image 1645 Florence St Imperial Beach, CA - Image 2645 Florence St Imperial Beach, CA - Image 3
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Presented By: Ashraf Salim with SDpremier;
  • MLS# 260001554SD
  • 01/21/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 1
  • SQFT • 859

Home Details

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.
Presented By: Ashraf Salim with SDpremier;

Interior Features for 645 Florence St

Bedrooms

Total Bedrooms2

Bathrooms

Half Baths0
Total Baths1

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesSee Remarks
Laundry FeaturesSee Remarks
Total Stories1

General for 645 Florence St

CityImperial Beach
CoolingSee Remarks
CountySan Diego
DirectionsCross Street: Palm Ave.
Full Baths1
Garage Spaces
Garage Y/NNo
HOANo
HeatingSee Remarks
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Conventional
Living Area859
Lot Size Square Feet7499
Lot Size UnitsSquare Feet
MLS Area91932 - Imperial Beach
New ConstructionNo
Occupancy TypeVacant
Open Parking Spaces2
Pool FeaturesNone
PostalCityIMPERIAL BEACH
Property Attached Y/NNo
Property Sub Type AdditionalSingle Family Residence
Property SubtypeSingle Family Residence
Property TypeResidential
RoofSee Remarks
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameImperial Beach
Virtual TourClick here
Year Built1949
ZoningR-4:MULTIP

Exterior for 645 Florence St

FencingNeeds Repair
Lot Size Acres0.1722
Lot Size Area7499
Lot Size SourceAssessor
Parking FeaturesDriveway, Other
Private PoolNo
SpaNo
Total Parking2

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,399,000
MLS#260001554SD
List Date 01/21/2026
Property Type Single Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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