645 Florence St, Imperial Beach, CA 91932

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

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Marketed By Dennis Kamrany REALTOR® - Sales Associate 310-699-7010 m
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
Phone: 310-829-0629
Fax: 310-829-7541

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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