So Cal Multifamily Sales Pulse -July 23, 2023 - July 29, 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

Report: Renters Feeling Forced to Relocate https://link.socalmultifamilybroker.com/F2jw

Empty Offices Across Orange County Hit A Historic High Of 25% https://link.mikelembeck.com/FBin

Are Recession Leading Indicators Right? No One Knows For Sure https://link.socalmultifamilybroker.com/F4WI

Apartment Rent Growth Projections for the Next Five Years https://link.socalmultifamilybroker.com/F4__

Bracing For Change and More Uncertainty https://link.socalmultifamilybroker.com/F50F

Serious Delinquency Rate Crashes To 17-Year Low https://link.socalmultifamilybroker.com/F50u

Los Angeles Sued By Rental Property Owners Group Over Rent Increase Freeze https://link.socalmultifamilybroker.com/F50v

Nearly 1,000 Apartments On The Way To Southeast Long Beach https://link.socalmultifamilybroker.com/F513

Multifamily Cap Rates Stabilize After Three Quarters of Increases https://link.socalmultifamilybroker.com/F546

Banks Double Down on CRE Loan Reserves https://link.socalmultifamilybroker.com/F54E

Retail Space Demand Drops As Consumers Burn Off Savings https://link.socalmultifamilybroker.com/F659

High-Earning Households Exiting California And New York https://link.socalmultifamilybroker.com/F67W

Home Prices Up Again In Latest Case-Shiller Report https://link.socalmultifamilybroker.com/F67a 

Multifamily Sales Post Steep Year-Over-Year Decline for H1 2023 https://link.socalmultifamilybroker.com/F67d

Investors More Bullish About Multifamily Than Ever https://link.socalmultifamilybroker.com/F6RN

Multifamily Syndicators Face CRE Debt Exposure https://link.socalmultifamilybroker.com/F6RO

Expenses Will Likely Still Strain NOIs Even When Inflation Subsides https://link.socalmultifamilybroker.com/FA5e

Yes, the Fed Raised Rates Again. What Will Make It Stop? https://link.socalmultifamilybroker.com/FA5j

Will This Rate Hike Make a Difference? https://link.socalmultifamilybroker.com/FA5u

Nearly Half Of Us Homes In Q2 Were Equity-Rich https://link.socalmultifamilybroker.com/FAm_

CMBS Loans Give Insight Into Ongoing CRE Credit Crunch https://link.socalmultifamilybroker.com/FAvX

The Apartment Supply Pipeline Just Got Larger https://link.socalmultifamilybroker.com/FAw2


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
10
Closed Sales Last Week
60
Closed Sales - Average Days on Market
$1,355,350
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
4
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

15
New Listings Last Week
6
Months of Inventory
185
Total Number of Active Listings
$639,277,368
Active Listings, Dollar Volume
10
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: 4.64%
Avg. Gross Rent Multiplier: 14.17
5
Closed Sales Last Week
20
Closed Sales - Average Days on Market
$1,442,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
3
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

14
New Listings Last Week
5
Months of Inventory
101
Total Number of Active Listings
$286,712,196
Active Listings, Dollar Volume
4
Active Under Contract Last Week
1
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: 4.64%
Avg. Gross Rent Multiplier: 14.17
63
Closed Sales Last Week
42
Closed Sales - Average Days on Market
$1,181,272
Closed Sales - Average Sales Price
22
Transactions Sold At or Above Asking Price
53
2-4 Unit Transactions Last Week
10
5+ Unit Transactions Last Week

116
New Listings Last Week
25
Months of Inventory
1,880
Total Number of Active Listings
$12,235,815,155
Active Listings, Dollar Volume
33
Active Under Contract Last Week
28
Pending Listings Last Week
29
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
11
Closed Sales Last Week
22
Closed Sales - Average Days on Market
$1,331,045
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
3
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

19
New Listings Last Week
11
Months of Inventory
181
Total Number of Active Listings
$92,663,047
Active Listings, Dollar Volume
3
Active Under Contract Last Week
12
Pending Listings Last Week
7
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
6
Closed Sales Last Week
32
Closed Sales - Average Days on Market
$941,958
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
1
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

4
New Listings Last Week
23
Months of Inventory
86
Total Number of Active Listings
$365,283,699
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: 6.37%
Avg. Gross Rent Multiplier: 9.64
5
Closed Sales Last Week
23
Closed Sales - Average Days on Market
$723,500
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
3
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

8
New Listings Last Week
26
Months of Inventory
119
Total Number of Active Listings
$294,256,758
Active Listings, Dollar Volume
5
Active Under Contract Last Week
8
Pending Listings Last Week
1
Expired Listings Last Week

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