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.
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.