So Cal Multifamily Sales Pulse -June 25, 2023 - July 1, 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

Fed Chair Powell Talks Two More Rate Hikes and the Yield Curve Steepens https://link.socalmultifamilybroker.com/EgfW

Multifamily To Face $8B Of Maturities This Fall https://link.socalmultifamilybroker.com/Egfq

Inflation Remains a Top Challenge for Investors https://link.socalmultifamilybroker.com/Egh3

Realtor.com Revises Housing Forecast For Second Half Of 2023 https://link.socalmultifamilybroker.com/Eah4

Another Brookfield DTLA Tower Loan Faces “Maturity Default Risk” https://link.socalmultifamilybroker.com/Ed1e

Distressed Properties Have Reached $63.7B Driven By This Surprising Asset https://link.socalmultifamilybroker.com/Ed3D

U.S. Office Pricing Not Expected to Recover Until 2040 https://link.socalmultifamilybroker.com/Ed3-

Mortgage Delinquency Rate Drops To Near-Record Low https://link.socalmultifamilybroker.com/EdBp

Moody’s: Multifamily and Retail are Not Out of the Woods https://link.socalmultifamilybroker.com/EdBw

Headline Deal Volume Drop Might Misrepresent Market Reality https://link.socalmultifamilybroker.com/EdrF

Why It Would Take a Lot for the Most Pessimistic Office Outcomes to Happen https://link.socalmultifamilybroker.com/EdrR

Office Vacancy Rate Rises 30 Basis Points in One Month https://link.socalmultifamilybroker.com/EdrW

OC Home Prices Expected To Fall By 11% As Recession Looms https://link.socalmultifamilybroker.com/EdsW

Record Apartment Rents Persist In Los Angeles, But Growth Has Stalled https://link.socalmultifamilybroker.com/Edst

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

2023 CMBS Delinquency Rates https://link.socalmultifamilybroker.com/Edte

Amid Mixed Data, Fannie Mae Sees Recession as “Most Likely” https://link.socalmultifamilybroker.com/Edti

Fed Pauses Rate Hikes, Indicates More Are Coming https://link.socalmultifamilybroker.com/EelA

Cloudy Outlook: CMBS Distress and Low Deal Volume Create CRE Pessimism https://link.socalmultifamilybroker.com/Eeqm

Commercial Real Estate Gets Even Bleaker With $64 Billion In Property Now Classified As Distressed https://link.socalmultifamilybroker.com/Eeqp

The ‘Extend and Pretend’ Real Estate Strategy Is Running Out of Time https://link.socalmultifamilybroker.com/Eeqs

Bad-Loan Industry Ramps Up, Triggered By Office Distress https://link.socalmultifamilybroker.com/Eer4

CREFC Panelist: Lenders Not Extending CRE Loans Easily https://link.socalmultifamilybroker.com/Eer9

Home Sales Up While Prices Decline https://link.socalmultifamilybroker.com/Ees5

Selective Defaults Could Become a Headache for CRE https://link.socalmultifamilybroker.com/Eesb

Apartment Rents Decline YoY for First Time https://link.socalmultifamilybroker.com/Ef3p

Minimum Wage Workers Can't Afford a Two-Bedroom Apartment Anywhere in the U.S. https://link.socalmultifamilybroker.com/Ef3x

Moderate Rent Growth in the Forecast for U.S. Multifamily https://link.socalmultifamilybroker.com/EfcE

Major U.S. Banks Could Survive the Worst CRE Scenario https://link.socalmultifamilybroker.com/EfdQ

Pending Home Sales Sink In May https://link.socalmultifamilybroker.com/Egeu


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
12
Closed Sales - Average Days on Market
$2,184,375
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

11
New Listings Last Week
6
Months of Inventory
156
Total Number of Active Listings
$625,917,184
Active Listings, Dollar Volume
4
Active Under Contract Last Week
3
Pending Listings Last Week
8
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
9
Closed Sales Last Week
74
Closed Sales - Average Days on Market
$1,652,222
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
4
5+ Unit Transactions Last Week

2
New Listings Last Week
5
Months of Inventory
93
Total Number of Active Listings
$278,142,196
Active Listings, Dollar Volume
4
Active Under Contract Last Week
6
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: 4.64%
Avg. Gross Rent Multiplier: 14.17
77
Closed Sales Last Week
48
Closed Sales - Average Days on Market
$1,478,778
Closed Sales - Average Sales Price
28
Transactions Sold At or Above Asking Price
60
2-4 Unit Transactions Last Week
17
5+ Unit Transactions Last Week

118
New Listings Last Week
26
Months of Inventory
1,847
Total Number of Active Listings
$12,118,585,316
Active Listings, Dollar Volume
36
Active Under Contract Last Week
23
Pending Listings Last Week
94
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
7
Closed Sales Last Week
22
Closed Sales - Average Days on Market
$798,571
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
0
5+ Unit Transactions Last Week

18
New Listings Last Week
18
Months of Inventory
168
Total Number of Active Listings
$86,675,047
Active Listings, Dollar Volume
0
Active Under Contract Last Week
13
Pending Listings Last Week
6
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
4
Closed Sales Last Week
59
Closed Sales - Average Days on Market
$4,936,850
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
2
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

7
New Listings Last Week
24
Months of Inventory
79
Total Number of Active Listings
$352,896,832
Active Listings, Dollar Volume
3
Active Under Contract Last Week
4
Pending Listings Last Week
4
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
4
Closed Sales Last Week
6
Closed Sales - Average Days on Market
$681,500
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
25
Months of Inventory
121
Total Number of Active Listings
$280,292,404
Active Listings, Dollar Volume
6
Active Under Contract Last Week
4
Pending Listings Last Week
3
Expired Listings Last Week

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