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House for sale : 2 bedrooms : 645 Florence St in Imperial Beach

645 Florence St Imperial Beach

Main Photo: House for sale : 2 bedrooms : 645 Florence St in Imperial Beachbanner
$1,800,000
Prop. Type:
Residential
MLS® Num:
260001554
Status:
Active
Bedrooms:
2
Bathrooms:
1
Year Built:
1949
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 Sub Type:
Detached
County Or Parish:
San Diego
Market Area:
South Bay
Neighborhood Code:
Imperial Beach
Name of Complex/Subdivision:
IMPERIAL BEACH
Total Building Area:
Switch units of measure859 sq. ft.
Total Floor Area:
Switch units of measure859 sq. ft.
Total Bedrooms:
2
Optional Bedrooms:
2
Bathrooms:
1
Full Bathrooms:
1
Half Bathrooms:
0
Stories:
1 Story
Total Stories:
1
Year Built:
1949
Age (in years):
Switch units of measure77 year(s)
Short Sale:
false
Home Owner Fees:
$0
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional
Appliances:
Other/Remarks
Special Listing Conditions:
N/K
Restrictions:
None Known
Age Restrictions:
N/K
Laundry:
Other/Remarks
Construction Material:
Wood/Stucco
Lot Size:
Switch units of measure7,405 sq. ft.
Parcel Number:
626-242-22-00
Parking Features:
None Known
Total Parking Spaces:
2
Total Garage Spaces:
0
Heating:
Other/Remarks
Heating fuel:
Other/Remarks
Cooling:
Other/Remarks
Pool Features:
N/K
Roof:
Other/Remarks
Water supply:
Meter on Property
Sewer Septic:
Sewer Connected
Zoning:
R-4:MULTIP
Fencing:
Needs Repair
Listed by SDpremier
Data was last updated February 3, 2026 at 07:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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Equal Housing Opportunity.

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