1193 Florence St, Imperial Beach, CA, 91932
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
Interior Area
- Total structure area: 8,324
- Total interior livable area: 8,324 sqft
Property
Details
- Parcel number: 6330221100
Features
- Stories: 2
Lot
- Lot size: 9,583 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Diego County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $25,257 | $303,084 |
| Home Insurance * | $834 | $10,008 |
| Property Taxes | $2,788 | $33,456 |
| Electricity | $1,784 | $21,419 |
| Total | $30,663 | $367,956 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Price change | $4,995,000 |
| 2026-03-25 | Price change | $4,997,000 |
| 2026-02-23 | Price change | $4,999,000 |
| 2026-01-15 | Listed for sale | $5,000,000 |
| 2026-01-13 | Listing removed | $4,999,000 |
| 2025-12-08 | Price change | $4,998,000 |
| 2025-10-28 | Price change | $4,999,000 |
| 2025-10-01 | Listed for sale | $5,000,000 |
| 2020-09-29 | Sold | $2,600,000 |
| 2018-03-03 | Listing removed | $1,575 |
| 2018-03-02 | Price change | $1,575 |
| 2017-11-29 | Price change | $1,485 |
| 2017-11-27 | Listed for rent | $1,550 |
| 2016-03-30 | Listing removed | $1,895,000 |
| 2016-01-12 | Pending sale | $1,895,000 |
| 2016-01-05 | Listed for sale | $1,895,000 |
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