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.
Listing Provided Courtesy of Ashraf Salim at SDpremier
Property Details
Price:
$1,399,000
MLS #:
260001554
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subdivision:
IMPERIAL BEACH
Neighborhood:
southbay
Listed Date:
Jan 21, 2026
Finished Sq Ft:
859
Total Sq Ft:
859
Lot Size:
7,499 sqft / 0.17 acres (approx)
Year Built:
1949
See this Listing
Schools
Interior
Appliances
Other/Remarks
Bathrooms
1 Full Bathroom
Cooling
Other/Remarks
Heating
Other/Remarks
Laundry Features
Other/Remarks
Levels
1 Story
Exterior
Construction Materials
Wood/Stucco
Fencing
Needs Repair
Parking Features
None Known
Parking Spots
2
Parking Total
2
Roof
Other/Remarks
Financial
Map
Community
- Address645 Florence St Imperial Beach CA
- SubdivisionIMPERIAL BEACH
- CityImperial Beach
- CountySan Diego
- Zip Code91932
Subdivisions in Imperial Beach
Market Summary
Current real estate data for Single Family in Imperial Beach as of Jul 10, 2026
58
Single Family Listed
71
Avg DOM
712
Avg $ / SqFt
$1,149,783
Avg List Price
Property Summary
- Located in the IMPERIAL BEACH subdivision, 645 Florence St Imperial Beach CA is a Single Family for sale in Imperial Beach, CA, 91932. It is listed for $1,399,000 and features 2 beds, 1 baths, and has approximately 859 square feet of living space, and was originally constructed in 1949. The current price per square foot is $1,629. The average price per square foot for Single Family listings in Imperial Beach is $712. The average listing price for Single Family in Imperial Beach is $1,149,783. To schedule a showing of MLS#260001554 at 645 Florence St in Imperial Beach, CA, contact your Pacific Sotheby’s International Realty agent at 6193633000.
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