So Cal Multifamily Sales Pulse - August 20, 2023 - August 26, 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

Commercial/Multifamily Mortgage Originations Down 53% From Last Year https://link.socalmultifamilybroker.com/FWtL

California Home Prices Record First Year-Over-Year Uptick Since October https://link.socalmultifamilybroker.com/FWtO

CRE Property Insurance Spikes Again in Q2 https://link.socalmultifamilybroker.com/FWyc

Improving Indicators Bode Well For CRE Later This Year https://link.socalmultifamilybroker.com/FWz3

Uncertainty Continues for Commercial Lending Market, Project Pipeline https://link.socalmultifamilybroker.com/FXFA

Rent Prices Continue Downward Trend https://link.socalmultifamilybroker.com/FaPQ

Rent Caps Take Effect in 12 Counties Amid Tropical Storm Hilary https://link.socalmultifamilybroker.com/FaRH

A Painful Evaluation of the Current State of CRE https://link.socalmultifamilybroker.com/Fj_a

Default Imminent on $384M Loan for NEMA San Francisco Tower https://link.socalmultifamilybroker.com/Fk6O

Record Levels of Household Debt: 'Not to Worry' https://link.socalmultifamilybroker.com/Fk84

Goldman Sachs: Government Shutdown 'More Likely Than Not' https://link.socalmultifamilybroker.com/FkBy

Commentary: The Economy’s Ongoing Mixed Signals https://link.mikelembeck.com/Fk_t

Morningstar: Multifamily Should Remain Strong Despite Uncertainty https://link.socalmultifamilybroker.com/FzbI

Existing-Home Sales Suffer 16.6% Annual Decline https://link.socalmultifamilybroker.com/FzbQ

Brand-New San Francisco Condo Complex Handed Back to Lender https://link.socalmultifamilybroker.com/FzeH

A Painful Evaluation of the Current State of CRE https://link.socalmultifamilybroker.com/FzeJ

Why Apartment Landlords Are Confident About 2024 https://link.socalmultifamilybroker.com/FzeK

California Homebuyers Must Pony Up Record Monthly Payment Of $4,359 https://link.socalmultifamilybroker.com/FzpG

Landlords With $1.2 Trillion In Debt Face Rising Default Risks https://link.socalmultifamilybroker.com/F-QB

Foreclosure Inventory Hits 15-Month Low https://link.socalmultifamilybroker.com/F-QE

Insurance Prices Per Apartment Unit Rise 33% YoY https://link.socalmultifamilybroker.com/F-Vo

Santa Ana Landlords Face Deadline For Rent-Control Registry https://link.socalmultifamilybroker.com/G1-y

CRE Sales Volumes Show Signs of Life in Q2 https://link.socalmultifamilybroker.com/G2Cq

$626B in CRE Debt Maturing in the Next Two Years is Potentially Troubled https://link.socalmultifamilybroker.com/G2Cs

Higher Vacancy, Steady Demand for Multifamily https://link.socalmultifamilybroker.com/G2Eh

Fed Chair Powell Makes Clear That Monetary Pressure Isn’t Over https://link.socalmultifamilybroker.com/G2Ei

Report: 1 Million New Rental Housing Units To Be Ready By 2025 https://link.socalmultifamilybroker.com/G2Ej


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
13
Closed Sales Last Week
41
Closed Sales - Average Days on Market
$1,900,769
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
11
Financed Transactions Last Week
2
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

7
New Listings Last Week
7
Months of Inventory
192
Total Number of Active Listings
$751,161,507
Active Listings, Dollar Volume
8
Active Under Contract Last Week
4
Pending Listings Last Week
2
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
3
Closed Sales Last Week
105
Closed Sales - Average Days on Market
$1,502,667
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

5
New Listings Last Week
10
Months of Inventory
111
Total Number of Active Listings
$302,348,586
Active Listings, Dollar Volume
2
Active Under Contract Last Week
4
Pending Listings Last Week
2
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
48
Closed Sales Last Week
85
Closed Sales - Average Days on Market
$1,731,141
Closed Sales - Average Sales Price
21
Transactions Sold At or Above Asking Price
40
2-4 Unit Transactions Last Week
8
5+ Unit Transactions Last Week

106
New Listings Last Week
26
Months of Inventory
1,921
Total Number of Active Listings
$12,891,627,152
Active Listings, Dollar Volume
31
Active Under Contract Last Week
31
Pending Listings Last Week
21
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
71
Closed Sales - Average Days on Market
$1,767,857
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
0
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

22
New Listings Last Week
32
Months of Inventory
192
Total Number of Active Listings
$90,588,947
Active Listings, Dollar Volume
0
Active Under Contract Last Week
9
Pending Listings Last Week
4
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
4
Closed Sales Last Week
66
Closed Sales - Average Days on Market
$592,575
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

10
New Listings Last Week
30
Months of Inventory
94
Total Number of Active Listings
$439,773,171
Active Listings, Dollar Volume
2
Active Under Contract Last Week
0
Pending Listings Last Week
3
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

Avg. Cap Rate: 6.39%
Avg. Gross Rent Multiplier: 9.63
5
Closed Sales Last Week
15
Closed Sales - Average Days on Market
$536,100
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

9
New Listings Last Week
22
Months of Inventory
129
Total Number of Active Listings
$351,092,514
Active Listings, Dollar Volume
4
Active Under Contract Last Week
4
Pending Listings Last Week
3
Expired Listings Last Week

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