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$1,800,000
1 Day On Site

645 Florence St
Imperial Beach, CA 91932

For Sale|Single Family Residence|Active
2
Beds
1
Total Bath
1
Full Bath
859
SqFt
$2,095
/SqFt
1949
Built
Subdivision:
Imperial Beach
County:
San Diego
Listed by Ashraf Salim of SDpremier realtorashraf@gmail.com

Questions? Call or text Jean and Ken Tritle/ Buyer's Agents at DreamWell Homes Realty # 760-798-9024. Thanks!

Call Now: 760-798-9024
Is this the listing for you? We can help make it yours.
760-798-9024
645 Florence St645 Florence St645 Florence St645 Florence St
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Monthly Payment (Est.)

$8,212
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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.

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Listing Snapshot
Price 
$1,800,000
Days On Site 
1 Day
Bedrooms 
2
Inside Area (SqFt) 
859 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.1722 Acres
Year Built 
1949
MLS® Number 
260001554SD
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.1722
Land Lease 
No
Levels 
One
Number Of Stories 
1
Parking 
DrivewayOther
Parking Spaces 
2
Property Sub Type 
Single Family Residence
Zoning 
R-4:MULTIP
Interior Features
Cooling 
Heating 
See Remarks
Interior 
See Remarks
Laundry Features 
See Remarks
Other 
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Exterior Features
Pool Features 
None
Roof 
See Remarks
Community Features
Financing Terms Available 
CashConventional
MLS Area 
91932 - Imperial Beach


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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Call or Text DreamWell Homes Realty at 760-798-9024 for more information. Thank you!