# 645 Florence St, Imperial Beach, CA 91932

> **TL;DR:** 2bd/1ba single family, $1,399,000 ($1629/sqft), built 1949, 859 sqft. Est. $6,062/mo. Listed 131 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,399,000 |
| Price/sqft | $1629 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 859 |
| Year Built | 1949 |
| Lot Size | 7,501 sqft (0.17 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 131 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,062 |
| **Total** | **$6,062** |

## Property Highlights

- Built in 1949
- 0.17 acre lot
- 2 parking spaces

## Description

### Agent 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

- **Address:** 645 Florence St, Imperial Beach, CA 91932
- **County:** San Diego
- **Neighborhood:** IMPERIAL BEACH
- **Coordinates:** 32.584604, -117.106638
- **Google Maps:** https://www.google.com/maps?q=32.584604,-117.106638

## Listing Agent

- **Name:** Ashraf Salim
- **Brokerage:** SDpremier
- **Phone:** 6193008004
- **Email:** realtorashraf@gmail.com

## Primary Photo

![645 Florence St - Primary Photo](http://lh.rdcpix.com/ffa65fb5a07d4028e172f7705ddaf307l-f3560376280r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/645-florence-st-imperial-beach-ca-91932-60001554)*

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**MLS#:** 260001554 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/645-florence-st-imperial-beach-ca-91932-60001554)

---

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