Imperial Beach, CA 91932,645 Florence St
Imperial Beach, CA 91932,645 Florence St
Imperial Beach, CA 91932,645 Florence St
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$1,800,000
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2 Beds
1 Bath
859 SqFt
New

645 Florence St Imperial Beach, CA 91932

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Jennifer Stuart

Jennifer Stuart

+1(702) 265-4498

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 859 sqft

Price per Sqft $2,095

Subdivision Imperial Beach

MLS Listing ID 260001554SD

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1949

Lot Size 7,501 Sqft

Property Sub-Type Single Family Residence

Property Description

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. 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.

Location

State CA

County San Diego

Area 91932 - Imperial Beach

Zoning R-4:MULTIP

Interior

Interior Features See Remarks

Heating See Remarks

Cooling See Remarks

Fireplace No

Laundry See Remarks

Exterior

Parking Features Driveway, Other

Fence Needs Repair

Pool None

View Y/N No

Roof Type See Remarks

Total Parking Spaces 2

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6262422200

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

CRMLS – RECore
Listed by Ashraf Salim SDpremier

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Jennifer Stuart

Jennifer Stuart

Agent | RE.56321

+1(702) 265-4498

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645 Florence St