760 Florence St
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 13, 2025 | Price Decreased |
$899,000
↓ $26K
(2.8%) | |
| Price Decreased | |||
| Aug 5, 2025 | Listed by RE/MAX COASTAL | $925,000 | |
| Listed by RE/MAX COASTAL | |||
| Jul 16, 2025 | Listed | $925,000 | |
| Listed | |||
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Welcome to 760 Florence Street, a fully renovated 2-bedroom, 1-bathroom home situated on a spacious 7,000 square foot lot in the heart of Imperial Beach. This move-in-ready residence offers modern updates throughout and is located just minutes from the beach, shops, and dining. The property is zoned R-1-1500 and approved for short-term rentals, making it ideal for both personal use and investment. In addition to the beautifully updated main house, the sale includes plans to add one ADU and one additional detached dwelling. A newly constructed one-car garage will be completed, further enhancing the value of the property. The outdoor space has been thoughtfully designed with artificial turf, planters, and privacy fencing, offering a low-maintenance and inviting environment. VA loan approved and full of potential, 760 Florence Street is a rare opportunity to own a flexible, future-ready property in one of San Diego’s fastest-growing coastal neighborhoods. Don’t miss your chance to secure this exceptional offering in Imperial Beach. Contact listing agents for more information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017