645 Florence St, Imperial Beach, CA 91932

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
645 Florence St,Imperial Beach, CA 91932
$1,800,000
  • 2 Beds
  • 1 Baths
  • 859 sq. ft.
  • Single family
  • Active
Listed by: ashraf salim
Office: sdpremier
MLS#:260001554SD
Source:CRMLS

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$2,095.46

About this home

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

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Home facts

  • Year built:1949
  • Listing ID #:260001554SD
  • Added:1 day(s) ago
  • Updated:January 23, 2026 at 11:37 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:859 sq. ft.

Structure and exterior

  • Year built:1949
  • Building area:859 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$2,095.46
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