So Cal Multifamily Sales Pulse - August 13, 2023 - August 19, 2023

Disclaimer: All information contained herein is obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only. We make no claim(s) as to the accuracy or reliability of the information presented. If you wish for us to analyze your specific property or situation please feel free to call or email us anytime.


Here's What's Happening In The Market, Here’s What This Means For You

California Housing Affordability Sinks to 2007 Levels https://link.socalmultifamilybroker.com/FOxo

Happy Days for Homebuilders Should Continue for a While https://link.socalmultifamilybroker.com/FOxr

Shortage of Homes for Sale Propping Up Housing Values https://link.socalmultifamilybroker.com/FOxu

Experts Forecast Where Apartment Rents are Headed https://link.socalmultifamilybroker.com/FOxx

Smaller Balance CRE Loans May Be the Ticket for Investors https://link.socalmultifamilybroker.com/FOy-

Amid CRE Default Concerns, Bank Capital Rules to Change https://link.socalmultifamilybroker.com/FOzK

Trepp: CRE Bank Loan Performance Declines in Q1 https://link.socalmultifamilybroker.com/FP2Y

South Bay Cities Enact Rent Control After Double-Digit Rate Hikes https://link.socalmultifamilybroker.com/FPbw

CBRE Sees Q2 Slowdown in Lending Momentum https://link.socalmultifamilybroker.com/FPby

Institutional Investors Are Primed to Buy Apartments in H2 https://link.socalmultifamilybroker.com/FPrL

Foreclosures Are Rising: Here’s What Experts Say It Means for the Housing Market https://link.socalmultifamilybroker.com/FPrQ

Retail Openings Have Eclipsed Closings So Far This Year https://link.socalmultifamilybroker.com/FPrU

Commercial Mortgage Lending Index Down 52.2% https://link.socalmultifamilybroker.com/FPsX

Global Household Wealth Drops for First Time Since 2008 Financial Crisis https://link.socalmultifamilybroker.com/FPu0

“Coming Out Of The Woodwork”: Wall Street Circles Commercial Distress https://link.socalmultifamilybroker.com/FQaM

As Property Owners Begin Yielding on Price, Funds Get Ready to Pounce https://link.socalmultifamilybroker.com/FQad

Trade Groups Ask FHFA To Forgo Rent Control Proposal https://link.socalmultifamilybroker.com/FQab

BlackRock Predicts a Future Economy of Full-Employment Stagnation https://link.socalmultifamilybroker.com/FQzq

CRE Lending Could Get Even Tighter If Fitch Downgrades Banks https://link.socalmultifamilybroker.com/FTxm

Total CRE Loans From Banks Hit $3T Even as Originations Cool https://link.socalmultifamilybroker.com/FTxs

Property Owners Bombard San Francisco with Tax Appeals https://link.socalmultifamilybroker.com/FU7Y

Mortgage Rates Top 7%, Highest Level in Over 20 Years https://link.socalmultifamilybroker.com/FU9D

Utilities Too Are Driving Up Multifamily Operation Expenses https://link.socalmultifamilybroker.com/FV3o


If you're looking for currently available multifamily properties visit:
https://www.mikelembeck.com/search-the-mls
for access to all available multifamily listings throughout Southern California.

Orange County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.87
6
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,667,500
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
2
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

14
New Listings Last Week
8
Months of Inventory
189
Total Number of Active Listings
$687,208,357
Active Listings, Dollar Volume
11
Active Under Contract Last Week
5
Pending Listings Last Week
0
Expired Listings Last Week

Long Beach

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Long Beach Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.17
4
Closed Sales Last Week
22
Closed Sales - Average Days on Market
$1,447,500
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

5
New Listings Last Week
9
Months of Inventory
111
Total Number of Active Listings
$298,748,986
Active Listings, Dollar Volume
4
Active Under Contract Last Week
1
Pending Listings Last Week
1
Expired Listings Last Week

Los Angeles County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Los Angeles County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.17
53
Closed Sales Last Week
60
Closed Sales - Average Days on Market
$1,454,729
Closed Sales - Average Sales Price
18
Transactions Sold At or Above Asking Price
39
2-4 Unit Transactions Last Week
14
5+ Unit Transactions Last Week

119
New Listings Last Week
26
Months of Inventory
1,909
Total Number of Active Listings
$12,535,433,162
Active Listings, Dollar Volume
29
Active Under Contract Last Week
26
Pending Listings Last Week
20
Expired Listings Last Week

San Diego County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

San Diego County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.66%
Avg. Gross Rent Multiplier: 14.41
7
Closed Sales Last Week
18
Closed Sales - Average Days on Market
$1,301,429
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
3
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

23
New Listings Last Week
31
Months of Inventory
183
Total Number of Active Listings
$88,240,947
Active Listings, Dollar Volume
0
Active Under Contract Last Week
18
Pending Listings Last Week
6
Expired Listings Last Week

Riverside County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Riverside County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 11.92
3
Closed Sales Last Week
46
Closed Sales - Average Days on Market
$650,667
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
2
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

11
New Listings Last Week
25
Months of Inventory
89
Total Number of Active Listings
$378,296,745
Active Listings, Dollar Volume
0
Active Under Contract Last Week
8
Pending Listings Last Week
1
Expired Listings Last Week

San Bernardino County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

San Bernardino County Closed Sales - MikeLembeck.com

9
Closed Sales Last Week
89
Closed Sales - Average Days on Market
$890,000
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
2
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

11
New Listings Last Week
21
Months of Inventory
127
Total Number of Active Listings
$285,905,003
Active Listings, Dollar Volume
2
Active Under Contract Last Week
2
Pending Listings Last Week
0
Expired Listings Last Week

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