So Cal Multifamily Sales Pulse - August 6, 2023 - August 12, 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

Multifamily Insurance Rates Are Up as Much as 28% https://link.socalmultifamilybroker.com/FJ8e

This is How Bad Retail and Office Valuation Drops Have Gotten https://link.socalmultifamilybroker.com/FJ8f

Smaller Businesses Continue To Struggle With Rent Payments https://link.socalmultifamilybroker.com/FJB3

Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year https://link.socalmultifamilybroker.com/FJBA

Active Listings Fall Below Pre-Pandemic Levels https://link.socalmultifamilybroker.com/FJBD

California Bill Aims To Limit Renters’ Security Deposit https://link.socalmultifamilybroker.com/FKPU

CRE Seeks Financing Alternatives as Lenders Hit the Brakes https://link.socalmultifamilybroker.com/FKPW

Americans Are Pulling Money Out Of Their 401(K) Plans At An Alarming Rate https://link.socalmultifamilybroker.com/FKwQ

Apartment Sales In Los Angeles Plunge By Nearly 50% https://link.socalmultifamilybroker.com/FKz4

Most U.S. Residents Say It’s a Bad Time to Buy a Home https://link.socalmultifamilybroker.com/FKzC

Inflation: Consumer Prices Rise 3.2% In July As Inflation Slowdown Stalls https://link.socalmultifamilybroker.com/FLtU

Banks Increase Their CRE Loan Charge-Offs https://link.socalmultifamilybroker.com/FLx8

Multifamily Conditions Start to Weaken in Freddie Mac’s Portfolio https://link.socalmultifamilybroker.com/FLxE

Demand For Retail Space Up By 21 Million SF In First Half Of Year https://link.socalmultifamilybroker.com/FMBp 

America's Highest Earners Are Getting Hit Hardest By A Slowing Labor Market https://link.socalmultifamilybroker.com/FMtQ

Investment Sales Expected to Improve in H1 2024 https://link.socalmultifamilybroker.com/FMtX

Report: U.S. CRE Q2 Investment Volume Drops by 64% https://link.socalmultifamilybroker.com/FNav

Declines Recorded In Foreclosure Activity And Mortgage Delinquencies https://link.socalmultifamilybroker.com/FNaw

The Housing Seesaw: Home Sales Sink While Prices Remain Elevated https://link.socalmultifamilybroker.com/FNaz


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
26
Closed Sales - Average Days on Market
$2,398,513
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
4
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

11
New Listings Last Week
8
Months of Inventory
196
Total Number of Active Listings
$692,881,857
Active Listings, Dollar Volume
6
Active Under Contract Last Week
3
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
6
Closed Sales Last Week
82
Closed Sales - Average Days on Market
$1,204,167
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
2
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

10
New Listings Last Week
9
Months of Inventory
108
Total Number of Active Listings
$299,776,998
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
0
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
47
Closed Sales Last Week
65
Closed Sales - Average Days on Market
$1,708,670
Closed Sales - Average Sales Price
9
Transactions Sold At or Above Asking Price
33
2-4 Unit Transactions Last Week
14
5+ Unit Transactions Last Week

125
New Listings Last Week
25
Months of Inventory
1,888
Total Number of Active Listings
$12,525,116,564
Active Listings, Dollar Volume
39
Active Under Contract Last Week
22
Pending Listings Last Week
34
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
8
Closed Sales Last Week
21
Closed Sales - Average Days on Market
$1,197,688
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
1
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

20
New Listings Last Week
30
Months of Inventory
190
Total Number of Active Listings
$87,391,947
Active Listings, Dollar Volume
0
Active Under Contract Last Week
15
Pending Listings Last Week
5
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
13
Closed Sales - Average Days on Market
$789,667
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
2
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

14
New Listings Last Week
25
Months of Inventory
88
Total Number of Active Listings
$375,869,945
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
0
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
8
Closed Sales Last Week
32
Closed Sales - Average Days on Market
$1,016,788
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
20
Months of Inventory
113
Total Number of Active Listings
$285,376,003
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
1
Expired Listings Last Week

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