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.

Features
Swimming Pool:
N/K
Heating System:
Other/Remarks
Cooling System:
Other/Remarks
Fence:
Needs Repair
Parking:
None Known
Laundry Features:
Other/Remarks
Sewer:
Sewer Connected
Appliances
Appliances:
Other/Remarks
Address Map
Country:
US
State:
CA
County:
SD
City:
Imperial Beach
Community:
IMPERIAL BEACH
Zipcode:
91932
Street:
Florence St
Street Number:
645
Longitude:
W118° 53' 36.1''
Latitude:
N32° 35' 4.6''
Mls Area Major:
South Bay
Zoning:
R-4:MULTIP
Additional Info
Office Name:
SDpremier
Agent Name:
Ashraf Salim
Additional Information
Building Size:
859
Construction Materials:
Wood/Stucco
Levels:
1 Story
On Market Date:
2026-01-21
Stories Total:
1
Water Source:
Meter on Property
Listing Information
List Agent Mls Id:
630680
List Office Mls Id:
3328
Listing Term:
Cash,Conventional
Mls Status:
ACTIVE
Modification Timestamp:
2026-01-21T20:19:52Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential For Sale 2 Bedrooms 645 Florence St, Imperial Beach, CA 91932 - Scottway - San Diego Real Estate

645 Florence St, Imperial Beach, CA 91932

2 Bedrooms
1 Bathrooms
859
$1,800,000
Listing ID #260001554
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Listing ID :
260001554
Price :
$1,800,000
Bedrooms :
2
Bathrooms :
1
Square Footage :
859
Year Built :
1949
Status :
Active
Full Bathrooms :
1
Property Sub Type :
Detached
Roof:
Other/Remarks
Contact Agent
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