Ad #7168270
MLS #260001554
Prime development opportunity! This rare coastal asset is a
645 Florence St, Imperial Beach, CA 91932
$1,399,000
2Beds
1Baths
859Sqft
0.17Acres
About this property
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.
Property Features
2 Beds
1 Baths
859 Sqft
Built in 1949
0.17 Acres
1 Story
San Diego County
IMPERIAL BEACH Community
Additional Photos
Contact Information
Ashraf Salim
SDpremier
619-300-8004
Location
Listing Agent: Ashraf Salim (License #: 01881515) 619-300-8004
Broker: SDpremier 619-300-8004 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: SDpremier 619-300-8004 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
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$1,399,000
2
Beds
1
Baths
859
Sqft
645 Florence St, Imperial Beach, CA 91932
By contacting this agent you agree to these Terms and Conditions.
MLS# 260001554
Prime development opportunity! This rare coastal asset is a
$1,399,000
645 Florence St, Imperial Beach, CA 91932
2
Beds
1
Baths
859
Sqft
0.17
Acres
$1,399,000
645 Florence St, Imperial Beach, CA 91932
2 Beds
1 Baths
859 Sqft
0.17 Acres
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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Property Details
HOME DETAILS
2 Beds
1 Baths
859 Sqft
Built in 1949
0.17 Acres
1 Story
FINANCIAL & COMMUNITY
San Diego County
IMPERIAL BEACH Community
Location
Mortgage Calculator
Ad Statistics
Ad Number
7168270
Viewed
0 time
Listing Status
Active
Added
Jan 21, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
San Diego MLS
Source Property ID
260001554
Listing Agent: Ashraf Salim (License #: 01881515) 619-300-8004
Broker: SDpremier 619-300-8004 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: SDpremier 619-300-8004 Listing Site
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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