1193 Florence St – 12 Unit Turn-Key Property

Price:

$5,000,000

Building Sq Footage:

8,324 SF

Property Type:

Multi – Family

Unit Count:

12

PROPERTY HIGHLIGHTS

IB Villas is a 12-unit luxury apartment community located in Imperial Beach, fully renovated in 2022–2023. 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 12 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.

Seth Watje

Seth Watje

President/Principal

DRE# 01805453
D: 858.867.3732
C: 619.358.3748
Watje@starkerwest.com

Adam D. Cairo

Adam D. Cairo

Vice President/Principal

DRE# 01948040
D: 858.867.3698
C: 619.300.0173
Cairo@starkerwest.com

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Contact Us

4010 Morena Blvd #103
San Diego, CA 92117
Tel: 858-867-3732
DRE#02172966
info@starkerwest.com