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  • 645 Florence St

645 Florence St, Imperial Beach, CA 91932

$1,399,000 Approx. USD 2 beds, 1 baths
859 sqft

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Photo of Brenda Vejar

Brenda Vejar REALTOR® - Sales Associate 619-210-5309 m
619-210-5309 o
Lic#: 01422988
NRDS ID: 187003107
brendavejar@bhhscal.com Text Me
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Lic#: 01422988
NRDS ID: 187003107
brendavejar@bhhscal.com San Diego Downtown Office
516 5th Ave
San Diego, CA 92101
Phone: 619-595-7020
Fax: 619-702-9044
 San Diego Downtown 516 5th Ave
San Diego, CA 92101
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Fax: 619-702-9044
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Listing Agent


Ashraf Salim
Lic#: 01881515
Broker: Courtesy of SDpremier
Phone: 619-300-8004

Agent Remarks

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 Details

Property type: Detached (Single Family)
Status: ACTIVE
MLS# 260001554
List price is $1,399,000 Reduced by $300,000 on 3/2/2026
Price: $1,399,000
HOA Fee is $0.00
Beds: 2
Baths: 1 (1 full)
Built in 1949
859 sqft
1 story
0.17 acres
Subdivision: IMPERIAL BEACH
County: San Diego
Zoning: R-4:MULTIP
Parking type: None Known
Construction: Wood/Stucco
Appliances: Other/Remarks
Parking description: None Known
Heating description: Other/Remarks
MLS area: South Bay

Last Updated: 6/30/2026

 Days On Market (DOM): 163

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This listing belongs to the South Bay MLS area

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Lat/Long: 32.584604, -117.106638.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Brenda Vejar

Brenda Vejar REALTOR® - Sales Associate 619-210-5309 m
619-210-5309 o
Lic#: 01422988
NRDS ID: 187003107
brendavejar@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01422988
NRDS ID: 187003107
brendavejar@bhhscal.com
San Diego Downtown Office
516 5th Ave
San Diego, CA 92101
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