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1193 Florence St1 / 22 · Click to zoom

About this home

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.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$2,600,000 · Aug 2020
📋 Assessed value$3,057,879
💵 Annual tax$39,865
🏫 School districtSweetwater Union High School District

MLS #2601125

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Down payment %
Interest rate %
Loan term (yrs)
Property tax %/yr
Home insurance %/yr
Estimated total monthly payment
$31,306
Principal & interest$25,268
Property tax$4,581
Home insurance$1,457
Down payment: $999,400Loan: $3,997,600

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.