So Cal Multifamily Sales Pulse -June 11, 2023 - June 17, 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

California Ranks No. 2 In Nation On The Renter-To-Owner Ratio Scale https://link.socalmultifamilybroker.com/EMTk

CRE Expects a Rate Hike Pause. Here’s What It Means https://link.socalmultifamilybroker.com/EMZ8

New Home Listings Down 25% From One Year Ago https://link.socalmultifamilybroker.com/EMat

Navigating the Costs of Office-to-Multifamily Conversions https://link.socalmultifamilybroker.com/EMcZ

Zillow: Home Values Up 1.4% In May https://link.socalmultifamilybroker.com/ENcb

CMBS Delinquency Rate Jumps 7 Percent in May https://link.socalmultifamilybroker.com/EObD

Westfield, Brookfield Handing Over Keys to San Francisco Centre https://link.socalmultifamilybroker.com/EObC

U.S. Housing Is A Dead Man Walking https://link.socalmultifamilybroker.com/EObG

Capital Markets Continue to Thwart CRE Professionals https://link.socalmultifamilybroker.com/EObI

Apartments Compete for New Renters Amid Burgeoning Supply https://link.socalmultifamilybroker.com/EObJ

Lumber Prices Should Emerge Relatively Unscathed From Canadian Wildfires https://link.socalmultifamilybroker.com/EOk9

High-Volatility CRE Loans Take a High-Speed Crash in Q1 https://link.socalmultifamilybroker.com/EOkD

The Case for a Soft Landing https://link.socalmultifamilybroker.com/EOkE

Mortgage Credit Availability Tightens Again https://link.socalmultifamilybroker.com/ER-s

Realtors’ Economist To Fed: Stop Raising Rates https://link.socalmultifamilybroker.com/ER-u

Multifamily Borrowers Face Further Scrutiny From Banks, GSEs https://link.socalmultifamilybroker.com/ER-x

CRE Is Dead. Long Live CRE https://link.socalmultifamilybroker.com/ER--

More Than 90% Of Homeowners Locked Into Sub-6% Mortgages https://link.socalmultifamilybroker.com/ESry

Expenses Rising Faster Than Revenues for Many Apartment Owners https://link.socalmultifamilybroker.com/ESsq

Prices Are Improving in Many Property Types https://link.socalmultifamilybroker.com/ESsu

U.S. Retail Sales Post Unexpected Gain in May https://link.socalmultifamilybroker.com/ESsy

Mortgage Application Activity Records An Uptick https://link.socalmultifamilybroker.com/ESs-


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: 4.42%
Avg. Gross Rent Multiplier: 14.88
12
Closed Sales Last Week
28
Closed Sales - Average Days on Market
$2,309,792
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
4
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

7
New Listings Last Week
6
Months of Inventory
168
Total Number of Active Listings
$641,269,852
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
Pending Listings Last Week
1
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: 14.29
8
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$1,377,875
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

8
New Listings Last Week
7
Months of Inventory
102
Total Number of Active Listings
$277,939,504
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
1
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: 14.29
44
Closed Sales Last Week
57
Closed Sales - Average Days on Market
$1,420,252
Closed Sales - Average Sales Price
18
Transactions Sold At or Above Asking Price
37
2-4 Unit Transactions Last Week
7
5+ Unit Transactions Last Week

115
New Listings Last Week
23
Months of Inventory
1,832
Total Number of Active Listings
$11,859,570,682
Active Listings, Dollar Volume
41
Active Under Contract Last Week
22
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: 4.67%
Avg. Gross Rent Multiplier: 14.29
12
Closed Sales Last Week
20
Closed Sales - Average Days on Market
$49,233,000
Closed Sales - Average Sales Price
7
Transactions Sold At or Above Asking Price
10
Financed Transactions Last Week
2
All Cash Transactions Last Week
12
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

15
New Listings Last Week
9
Months of Inventory
162
Total Number of Active Listings
$81,506,137
Active Listings, Dollar Volume
1
Active Under Contract Last Week
12
Pending Listings Last Week
3
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
71
Closed Sales - Average Days on Market
$732,000
Closed Sales - Average Sales Price
0
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

5
New Listings Last Week
23
Months of Inventory
76
Total Number of Active Listings
$358,395,258
Active Listings, Dollar Volume
0
Active Under Contract Last Week
1
Pending Listings Last Week
1
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: 6.45%
Avg. Gross Rent Multiplier: 9.59
4
Closed Sales Last Week
81
Closed Sales - Average Days on Market
$677,500
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

5
New Listings Last Week
20
Months of Inventory
124
Total Number of Active Listings
$292,345,605
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
3
Expired Listings Last Week

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