So Cal Multifamily Sales Pulse -July 16, 2023 - July 22, 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

Investor Preference for CRE Drops for Fifth Straight Quarter https://link.socalmultifamilybroker.com/E-S6

 After Rate Hike Pause, CPE 100 Are Staying the Course https://link.socalmultifamilybroker.com/E-SA

Retail, Office Lead as CMBS Delinquencies Rise for Second Month https://link.socalmultifamilybroker.com/E-mf

LA Home Prices Dip In May, But Forecast Points To Rally This Year https://link.socalmultifamilybroker.com/E_LK

Checking Whether Higher Risk Is Priced Into CRE https://link.socalmultifamilybroker.com/E_SY

Economists Wonder Whether There Might Be a Soft Landing After All https://link.socalmultifamilybroker.com/E_Sa

Up, Up, Up Goes the Trajectory for the Most Expensive U.S. Housing Markets https://link.socalmultifamilybroker.com/E_cS

Housing Market Stuck In Biggest Freeze In A Decade https://link.socalmultifamilybroker.com/F0LB

Southern California’s Empty Offices Surge 67% In Pandemic Era https://link.socalmultifamilybroker.com/F0LC

New York Fed Study Finds Rising Level Of Loan Application Rejections https://link.socalmultifamilybroker.com/F0LL

NMHC Reports Further Decline in Apartment Market Conditions https://link.socalmultifamilybroker.com/F0LR

More Office Delinquencies On the Way, Says Moody’s Analytics https://link.socalmultifamilybroker.com/F0Os

What YTD Rent Growth Reveals About Apartment Demand https://link.socalmultifamilybroker.com/F0Ot

Most Federal Agencies Are Using Less Than 25% of Office Space https://link.socalmultifamilybroker.com/F0Ou

Los Angeles Multifamily Sales Volume Down 66% https://link.socalmultifamilybroker.com/F1V8

Opportunities Open Up for Investors Looking for CRE Distress https://link.socalmultifamilybroker.com/F1VA

Expert: It's Too Early to Tell If the Fed Engineered Its Soft Landing https://link.socalmultifamilybroker.com/F1Vn

Builder Confidence Rises Despite Rising Rates, Material Costs, Labor and Lot Inventory https://link.mikelembeck.com/F1Vz

Commercial Property Prices Fall 10.2% from a Year Ago https://link.socalmultifamilybroker.com/F2Kn

The Pace of CRE Price Declines is Moderating https://link.socalmultifamilybroker.com/F2Kt

Multifamily Dealmakers Report More Activity https://link.socalmultifamilybroker.com/F2Kp

CRE Carrying Costs Are Nearly as Burdensome as Interest Rates https://link.socalmultifamilybroker.com/F2Kr

A Stubborn Bid-Ask Gap is Keeping CRE Transactions Down https://link.socalmultifamilybroker.com/F2Ks


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
4
Closed Sales Last Week
33
Closed Sales - Average Days on Market
$982,500
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
3
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

13
New Listings Last Week
6
Months of Inventory
186
Total Number of Active Listings
$637,165,967
Active Listings, Dollar Volume
7
Active Under Contract Last Week
2
Pending Listings Last Week
4
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: 4.64%
Avg. Gross Rent Multiplier: 14.17
5
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$1,596,800
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

9
New Listings Last Week
5
Months of Inventory
98
Total Number of Active Listings
$280,860,196
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

Los Angeles County

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Live MLS Link PDF Link

Los Angeles County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.17
57
Closed Sales Last Week
48
Closed Sales - Average Days on Market
$1,403,460
Closed Sales - Average Sales Price
30
Transactions Sold At or Above Asking Price
48
2-4 Unit Transactions Last Week
9
5+ Unit Transactions Last Week

122
New Listings Last Week
25
Months of Inventory
1,878
Total Number of Active Listings
$12,205,105,214
Active Listings, Dollar Volume
30
Active Under Contract Last Week
31
Pending Listings Last Week
25
Expired Listings Last Week

San Diego County

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Live MLS Link PDF Link

San Diego County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.66%
Avg. Gross Rent Multiplier: 14.4
4
Closed Sales Last Week
29
Closed Sales - Average Days on Market
$1,628,750
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
2
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

9
New Listings Last Week
11
Months of Inventory
184
Total Number of Active Listings
$90,804,047
Active Listings, Dollar Volume
0
Active Under Contract Last Week
12
Pending Listings Last Week
1
Expired Listings Last Week

Riverside County

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Live MLS Link PDF Link

Riverside County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 11.92
1
Closed Sales Last Week
17
Closed Sales - Average Days on Market
$420,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
0
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

7
New Listings Last Week
23
Months of Inventory
81
Total Number of Active Listings
$365,570,831
Active Listings, Dollar Volume
2
Active Under Contract Last Week
6
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: 6.37%
Avg. Gross Rent Multiplier: 9.64
7
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$584,571
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
4
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

10
New Listings Last Week
26
Months of Inventory
130
Total Number of Active Listings
$291,642,858
Active Listings, Dollar Volume
2
Active Under Contract Last Week
8
Pending Listings Last Week
0
Expired Listings Last Week

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