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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Nathan Abbo

Nathan Abbo

+1(619) 261-2999
$1,800,000
Est. payment /mo
2 Beds
1 Bath
859 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 859 sqft

Price per Sqft $2,095

Subdivision Imperial Beach

MLS Listing ID 260001554

Bedrooms 2

Full Baths 1

Year Built 1949

Lot Size 7,499 Sqft

Property Sub-Type Detached

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.

Location

State CA

County San Diego

Area South Bay

Zoning R-4:MULTIP

Interior

Heating Other/Remarks

Cooling Other/Remarks

Fireplace No

Appliance Other/Remarks

Laundry Other/Remarks

Exterior

Parking Features None Known

Fence Needs Repair

View Y/N No

Water Access Desc Meter on Property

Roof Type Other/Remarks

Total Parking Spaces 2

Building

Story 1

Sewer Sewer Connected

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 626-242-22-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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MLS Router / San Diego MLS
Listed by Ashraf Salim SDpremier

NEARBY SCHOOL & BUSINESS

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Nathan Abbo

Nathan Abbo

+1(619) 261-2999

Agent | License ID: 01513883

Agent License ID: 01513883

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