$1,800,000

645 Florence St, Imperial Beach, CA 91932

  • 2 beds |
  • 1 bath |
  • 859 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $2,095/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

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.

Listing Status:
Active
Date Added:
January 21, 2026
Data Last Updated:
February 9, 2026 at 7:14AM
Listing Office:
SDpremier : 800-409-0959
Listing Agent:
Ashraf Salim : 619-300-8004
MLS ID:
260001554
  • Appliances: Other/Remarks
  • Laundry: Other/Remarks
  • A/C: Other/Remarks
  • Heating: Other/Remarks
  • Pool: N/K
  • Parking: None KnownParking spaces: 2
  • Roofing: Other/Remarks
  • General: Wood/Stucco1 Story
  • HOA Amenities: 0.0
  • Originating MLS: SDMLS
  • County: San Diego
  • Zoning: R-4:MULTIP626-242-22-00
  • Fencing: Needs Repair
  • Restrictions: None Known
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Source: SDMLS

Presented by Veterans United Realty

This listing courtesy of Ashraf Salim , SDpremier

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Central Elementary School

1290 Ebony Ave, Imperial Beach, CA, 91932

Grades KG-6

0.46 miles away

N

Nestor Language Academy Charter

1455 Hollister St, San Diego, CA, 92154

Grades KG-8

1.69 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.