So Cal Multifamily Sales Pulse -June 4, 2023 - June 10, 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

CMBS Loan Defaults Expected to Increase in 2023 Following Two Years of Declines https://link.socalmultifamilybroker.com/EGXa

Automation Can Alleviate the Challenges of Eviction Management https://link.mikelembeck.com/EGSy

Inflation Causes Most Homeowners To Postpone Renovations, But They’re Not Planning To Move https://link.socalmultifamilybroker.com/EGaY

California Bill Expanding Rent Control Fails to Pass https://link.socalmultifamilybroker.com/EGbE

Affordability Gap Favors Renting as Apartment Absorption Rebounds https://link.socalmultifamilybroker.com/EGeF

A Closer Look at Property Prices' Downward Trajectory https://link.socalmultifamilybroker.com/EGef

Multifamily Debt Originations Drop Dramatically and the GSEs Aren't Filling in the Gap https://link.socalmultifamilybroker.com/EGjP

Tech Downturn Chills West Coast https://link.socalmultifamilybroker.com/EGtT

Fitch Ratings Downgrades REIT Sector To ‘Deteriorating’ https://link.socalmultifamilybroker.com/EGuR

Housing Market Going Into 'Very Frightening Time,' Investor Warns https://link.socalmultifamilybroker.com/EHwn

Economist’s View: Why the Old Rules May Not Apply Today in CRE https://link.socalmultifamilybroker.com/EHxH

CMBS Delinquency Jumps As Office Loans Go Bad https://link.socalmultifamilybroker.com/EI0e

Banks Tearing Off Band-Aid On Bad Office Loans https://link.socalmultifamilybroker.com/EI0n

Allstate Exits California Property Insurance Market https://link.socalmultifamilybroker.com/EI0p

Experts Analyze the Pandemic's Impact on CRE Companies https://link.socalmultifamilybroker.com/EI0r

Survey of Experts Says CRE Growth to Slow, Return Stronger but in 2025 https://link.socalmultifamilybroker.com/EI0s

CMBS Delinquency Rates Reach What Might Be the Beginning of the Great Slide https://link.socalmultifamilybroker.com/EI14

Crushing Property Insurance is Hurting Apartment Deals https://link.socalmultifamilybroker.com/EI17

Multifamily Borrowers Face Further Scrutiny From Banks, GSEs https://link.socalmultifamilybroker.com/EI18

Affordable Homeownership Strangled By Tighter Credit, Low Inventory https://link.socalmultifamilybroker.com/EI1S

Home Sales Plunge 41% Year-Over-Year In The Inland Empire https://link.mikelembeck.com/EIZF

Refinancing Could Be Disaster for Many Loans, Not Just Office https://link.socalmultifamilybroker.com/EJYI

Recession Coming, But Real Estate Has Reason For Optimism: CBRE https://link.socalmultifamilybroker.com/EJYm

Multifamily Rent Growth Continues to Decelerate https://link.socalmultifamilybroker.com/EKQM

Americans Believe A Recession Is Coming, But Are Optimistic About Their Finances https://link.socalmultifamilybroker.com/EKSB

Foreclosure Filings Up 14% From One Year Ago https://link.socalmultifamilybroker.com/EKig


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
7
Closed Sales Last Week
98
Closed Sales - Average Days on Market
$2,136,429
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

7
New Listings Last Week
6
Months of Inventory
167
Total Number of Active Listings
$627,743,852
Active Listings, Dollar Volume
5
Active Under Contract Last Week
9
Pending Listings Last Week
2
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
7
Closed Sales Last Week
82
Closed Sales - Average Days on Market
$1,168,571
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

5
New Listings Last Week
7
Months of Inventory
97
Total Number of Active Listings
$284,914,504
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
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
47
Closed Sales Last Week
58
Closed Sales - Average Days on Market
$1,543,398
Closed Sales - Average Sales Price
14
Transactions Sold At or Above Asking Price
34
2-4 Unit Transactions Last Week
13
5+ Unit Transactions Last Week

133
New Listings Last Week
22
Months of Inventory
1,801
Total Number of Active Listings
$11,810,725,322
Active Listings, Dollar Volume
30
Active Under Contract Last Week
33
Pending Listings Last Week
26
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
8
Closed Sales Last Week
23
Closed Sales - Average Days on Market
$1,232,875
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
1
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

17
New Listings Last Week
9
Months of Inventory
162
Total Number of Active Listings
$81,011,137
Active Listings, Dollar Volume
1
Active Under Contract Last Week
14
Pending Listings Last Week
2
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
20
Closed Sales - Average Days on Market
$838,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

2
New Listings Last Week
23
Months of Inventory
73
Total Number of Active Listings
$352,021,256
Active Listings, Dollar Volume
1
Active Under Contract Last Week
0
Pending Listings Last Week
2
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
6
Closed Sales Last Week
59
Closed Sales - Average Days on Market
$609,333
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
2
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

12
New Listings Last Week
20
Months of Inventory
123
Total Number of Active Listings
$286,212,708
Active Listings, Dollar Volume
1
Active Under Contract Last Week
3
Pending Listings Last Week
0
Expired Listings Last Week

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