So Cal Multifamily Sales Pulse - May 28, 2023 - June 3, 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

Commercial Real Estate Debt Maturities: A Certainty. How Bad? It Depends https://link.socalmultifamilybroker.com/E6RB

More Than 2 In 5 Home Sellers Are Making Concessions To Buyers https://link.socalmultifamilybroker.com/E6RA

The Housing Market's Ice Age https://link.socalmultifamilybroker.com/E6RY

Ouch! Us Homeownership Rate At Lowest Level Since 1970 https://link.socalmultifamilybroker.com/E6Ra

Overall CMBS Defaults Slow But Maturity Defaults Rise https://link.socalmultifamilybroker.com/E8mw

When Will CRE Deals Rebound? https://link.socalmultifamilybroker.com/E8n0

Mortgage Delinquency Rate Crashes To A New Low https://link.socalmultifamilybroker.com/E8ye

FDIC Sales of CRE Bank Loans Bring Risk to Other Banks https://link.socalmultifamilybroker.com/E8zT

Credit Funds Eye a CRE Distressed Market https://link.socalmultifamilybroker.com/E8zl

Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’ https://link.socalmultifamilybroker.com/E92j

A Default Wave Is Building, Says Deutsche Bank. Here’s How Bad It May Get https://link.socalmultifamilybroker.com/E9bs

Single-Family Home Prices Turn the Corner with Two Months of Gains https://link.socalmultifamilybroker.com/E9dB

Banks Face Risk From CRE Loan Exposure https://link.socalmultifamilybroker.com/E9de

Landlords Urged to Embrace Flexibility in the Face of Bankruptcies https://link.socalmultifamilybroker.com/E9di

State Farm Ends Home Insurance Sales In California https://link.socalmultifamilybroker.com/E9fU

Green Street Finds Retail Sentiment ‘Overwhelmingly Positive’ https://link.socalmultifamilybroker.com/E9hS

Survey of Experts Says CRE Growth to Slow, Return Stronger but in 2025 https://link.socalmultifamilybroker.com/E9hV

Q1 Investor Home Purchases Plummet 49% Year-Over-Year https://link.socalmultifamilybroker.com/ECxA

A Break For Renters? California Considers Reining In High Security Deposits https://link.socalmultifamilybroker.com/ECyo

Have California Home Prices Hit Bottom? https://link.socalmultifamilybroker.com/ECyv

Mortgage Application Activity Continues To Decline https://link.socalmultifamilybroker.com/ECyx

CMBS Delinquency Rate Shoots Up To 14-Month High https://link.socalmultifamilybroker.com/EDHk

Multifamily Rents Rising But Not as Fast as They Should https://link.socalmultifamilybroker.com/EDIT

Homeownership Rate Drops to 53 Year Low https://link.socalmultifamilybroker.com/EDQt

Analyst Says Decline in Home Prices May Have Come to an End https://link.socalmultifamilybroker.com/EDQu

MBA: CRE Loan Delinquencies Rise for All Major Lender Groups https://link.socalmultifamilybroker.com/EEBd

New Survey Finds Too-High Levels Of Homebuyer Remorse https://link.socalmultifamilybroker.com/EEBe

Look Up, Folks, Because That’s Where Mortgage Rates Are Heading! https://link.socalmultifamilybroker.com/EEBh

Home Buyer Pessimism Bodes Well for Multifamily https://link.socalmultifamilybroker.com/EEBi

FHFA Moves Ahead With Biden Administration's Renter Rights Program https://link.socalmultifamilybroker.com/EED6


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
8
Closed Sales Last Week
35
Closed Sales - Average Days on Market
$2,250,750
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

13
New Listings Last Week
6
Months of Inventory
171
Total Number of Active Listings
$628,354,852
Active Listings, Dollar Volume
7
Active Under Contract Last Week
2
Pending Listings Last Week
7
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
3
Closed Sales Last Week
28
Closed Sales - Average Days on Market
$2,141,667
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
1
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
7
Months of Inventory
102
Total Number of Active Listings
$279,005,504
Active Listings, Dollar Volume
3
Active Under Contract Last Week
2
Pending Listings Last Week
4
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
57
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,659,470
Closed Sales - Average Sales Price
Transactions Sold At or Above Asking Price
44
2-4 Unit Transactions Last Week
13
5+ Unit Transactions Last Week

124
New Listings Last Week
22
Months of Inventory
1,769
Total Number of Active Listings
$11,761,589,297
Active Listings, Dollar Volume
25
Active Under Contract Last Week
22
Pending Listings Last Week
78
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
15
Closed Sales - Average Days on Market
$1,270,625
Closed Sales - Average Sales Price
5
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
5
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

14
New Listings Last Week
9
Months of Inventory
166
Total Number of Active Listings
$79,906,137
Active Listings, Dollar Volume
1
Active Under Contract Last Week
9
Pending Listings Last Week
8
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
-
Closed Sales - Average Days on Market
-
Closed Sales - Average Sales Price
-
Transactions Sold At or Above Asking Price
-
Financed Transactions Last Week
-
All Cash Transactions Last Week
-
2-4 Unit Transactions Last Week
-
5+ Unit Transactions Last Week

7
New Listings Last Week
22
Months of Inventory
80
Total Number of Active Listings
$344,017,457
Active Listings, Dollar Volume
0
Active Under Contract Last Week
2
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: 6.45%
Avg. Gross Rent Multiplier: 9.59
4
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$444,000
Closed Sales - Average Sales Price
1
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

3
New Listings Last Week
21
Months of Inventory
115
Total Number of Active Listings
$284,052,708
Active Listings, Dollar Volume
1
Active Under Contract Last Week
1
Pending Listings Last Week
3
Expired Listings Last Week

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