So Cal Multifamily Sales Pulse -July 2, 2023 - July 8, 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

Federal Agencies Issue Policy Statement on CRE Loan Workouts https://link.socalmultifamilybroker.com/Ei3s  

Typical Us Home Sells For Only $4,000 Less Than Record Price https://link.socalmultifamilybroker.com/EilD

LA Office Buildings Trade For 43% Less, Biggest Drop In The Country https://link.socalmultifamilybroker.com/EilH

Colliers: CRE Transactions May Be Beginning to Thaw https://link.socalmultifamilybroker.com/EilJ

Regulators Issue Final Rule on CRE Loan Modifications https://link.socalmultifamilybroker.com/EilN

Doomsday For Downtown LA’s Office Market https://link.socalmultifamilybroker.com/Ep5d

Multifamily Demand Continues Its Climb https://link.socalmultifamilybroker.com/EprX

'A Lot Of Fear': Rent Hikes Across The Country Mean Eviction Notices For Many Americans https://link.socalmultifamilybroker.com/Eprl

Financial Conditions Tightest in 15 Years, Fed Says https://link.socalmultifamilybroker.com/EptR

Real Estate Market Sentiment Improves https://link.socalmultifamilybroker.com/Eptd

The Yield Curves Are Still Inverted. Are We Having a Recession or Not? https://link.socalmultifamilybroker.com/Eqd1

Fed Minutes Show Battle of the Birds: Hawks Versus Doves https://link.socalmultifamilybroker.com/EqdQ

CMBS Delinquency Rate Highest Since End of 2021 https://link.socalmultifamilybroker.com/EqdW

"People Swimming In Debt": Record Number Of Car Buyers With $1,000 Payments https://link.socalmultifamilybroker.com/EsAP

Mortgage Rates Continue To Soar https://link.socalmultifamilybroker.com/EsDA

Rent Is Decreasing Nationwide: Here Is How California Cities Compare, Study Says https://link.socalmultifamilybroker.com/EsDU

Regulators Try to Head Off Liquidity Problems for CRE Funds https://link.socalmultifamilybroker.com/EsFK

The Four Archetypes of a Defaulting Tenant https://link.socalmultifamilybroker.com/EsFO

Redfin: Average Home Is Selling Above Its Asking Price Again https://link.socalmultifamilybroker.com/EsOT

So Cal’s Commercial Market Further Softened In Q1 2023 https://link.socalmultifamilybroker.com/EsOY

LA, Orange County Homebuying Slumps To 2nd-Slowest Sales On Record https://link.socalmultifamilybroker.com/Et3N


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
8
Closed Sales Last Week
65
Closed Sales - Average Days on Market
$1,900,250
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
2
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

9
New Listings Last Week
6
Months of Inventory
166
Total Number of Active Listings
$637,980,084
Active Listings, Dollar Volume
1
Active Under Contract Last Week
4
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: 4.64%
Avg. Gross Rent Multiplier: 14.17
3
Closed Sales Last Week
90
Closed Sales - Average Days on Market
$886,667
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

7
New Listings Last Week
5
Months of Inventory
95
Total Number of Active Listings
$277,430,196
Active Listings, Dollar Volume
1
Active Under Contract Last Week
0
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: 4.64%
Avg. Gross Rent Multiplier: 14.17
40
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,405,160
Closed Sales - Average Sales Price
17
Transactions Sold At or Above Asking Price
33
2-4 Unit Transactions Last Week
7
5+ Unit Transactions Last Week

84
New Listings Last Week
25
Months of Inventory
1,844
Total Number of Active Listings
$12,158,468,479
Active Listings, Dollar Volume
27
Active Under Contract Last Week
26
Pending Listings Last Week
19
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: 14.4
9
Closed Sales Last Week
37
Closed Sales - Average Days on Market
$1,382,611
Closed Sales - Average Sales Price
7
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
0
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

15
New Listings Last Week
11
Months of Inventory
174
Total Number of Active Listings
$85,379,047
Active Listings, Dollar Volume
0
Active Under Contract Last Week
5
Pending Listings Last Week
4
Expired Listings Last Week

Riverside County

Live MLS Link expires in 30 days after published

Riverside County Closed Sales - MikeLembeck.com

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

5
New Listings Last Week
23
Months of Inventory
82
Total Number of Active Listings
$363,160,832
Active Listings, Dollar Volume
0
Active Under Contract Last Week
1
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
3
Closed Sales Last Week
44
Closed Sales - Average Days on Market
$532,667
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
1
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

12
New Listings Last Week
26
Months of Inventory
127
Total Number of Active Listings
$286,832,859
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

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