Prevu by reAlpha
BuySellBlogBrowse Listings

1193 Florence StImperial Beach, CA 91932

For Sale

$4,998,000

Smart Buyer Rebate $49,980

IB Villas is a 12-unit luxury apartment community located in Imperial Beach, fully renovated in 2023–2024. The property sits on a 9,583 square foot lot and offers a desirable mix of five 1-bedroom/1-bath units and seven 2-bedroom/1-bath units. Each residence has been comprehensively modernized with luxury finishes, new building systems, and functional layouts designed to maximize livability and long-term tenant demand. The interiors feature stainless-steel appliance packages including electric stove/oven with exhaust hood, refrigerator, and garbage disposal, complemented by new cabinetry, quartz counter-tops, designer tile back-splashes, and luxury vinyl plank flooring. Bathrooms include shower/tub combinations with tile surrounds, modern vanities with quartz counter-tops and under-mount sinks, medicine cabinet storage, and updated plumbing fixtures. Each unit is equipped with in-unit washer/dryers, ceiling fans, flush-mount and pendant lighting, and energy-efficient vinyl windows that enhance comfort and efficiency throughout. The property offers 14 asphalt-paved surface parking spaces, a landscaped communal courtyard with trees and shrubs that create a welcoming outdoor environment, and all units are separately metered for gas and electricity, ensuring strong operating efficiency. With functional floor plans, modern finishes, and excellent curb appeal, IB Villas presents a turn-key multifamily investment opportunity in one of San Diego’s most promising coastal sub-markets.

Listed by Adam Cairo

·

License #01948040

·

Starker West, Inc.

·

619-300-0173

Listed by Seth Watje

·

License #01805453

·

Starker West, Inc.

Last updated December 08, 2025

·

Source: CRMLS #250040391SD

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouthern San Diego
  • Days on Prevu76

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

12/08/2025
Price Decreased
$4,998,000
10/28/2025
Status changed to Active
$4,999,000
10/28/2025
Price Decreased
$4,999,000
10/23/2025
Status changed to Removed from Feed
$5,000,000
10/18/2025
Status changed to Active
$5,000,000
10/17/2025
Status changed to Removed from Feed
$5,000,000
10/01/2025
Listed by Starker West, Inc.
$5,000,000

Property Details for 1193 Florence St

Association

Amenities

  • Community Features: Gated

Exterior

Construction

  • Number Of Units Total: 12
  • Roof: Composition
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1960

Measurements

  • Lot Size Acres: 0.21
  • Lot Size Area: 9,510
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 9,510
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.2

Taxes

  • Parcel Number: 6330221100

Other

Location

  • Subdivision Name: Imperial Beach

Utilities

Equipment

  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1193 Florence St.

How does 1193 Florence St compare to other multi-family homes in Southern San Diego?

This multi-family home is listed 206% above the average price for multi-family homes in Southern San Diego and has been on the market for 5 more days than the typical home in this area.

1193 Florence St is a -bedroom multi-family home for sale in Imperial Beach CA 91932. On Prevu for 76 days at $4,998,000. This includes a recent price decrease of $1,000. This property is located in Southern San Diego. The median listing price for multi-family homes in this area is $849,000. The home offers parking. Browse more multi-family home listings in San Diego County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.