So Cal Multifamily Sales Pulse - November 12, 2023 - November 18, 2023

  • 19 November 2023
  • Mike Lembeck

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 Continues to
Worry About CRE Lending
Mortgage Delinquency
Rate Records Q3 Uptick
Our Coming Zombie Economy
CRE Lending Market Begins to Stabilize
Report: An Increase in
Multifamily Underwriting
Global Price Declines
Continue but Decelerate 
Mezzanine Foreclosure Sales
Notices Reach Record High
VIDEO: CRE Deal Flow
Expected to Rise in 2024
Housing Affordability Index
Crashes To Record Low
The Clearest Sign Yet That
Commercial Real Estate Is in Trouble
Banks Still Fear a Run
on Assets, Expert Says
Hard Landing? Soft Landing? These
Economists Say There'll Be No Landing At All
A Snapshot of Changing Market Trends
Liquidity Gridlock Worsens In US
Commercial Real Estate Sector
California Home Sales Volume:
Downturn Solidifies In September 2023
Apartment Association Could See Partial Victory In Legal Challenge To Renter Protections
CRE Price Declines Are
Starting to Stabilize
WSJ: Mezz Loan
Foreclosures Hit Record Pace

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

Click Links below to view the Orange County
Closed Sales from last week

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: 14.74
9
Closed Sales Last Week
81
Closed Sales - Average Days on Market
$1,900,333
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
5
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

5
New Listings Last Week
6
Months of Inventory
198
Total Number of Active Listings
$725,995,087
Active Listings, Dollar Volume
6
Active Under Contract Last Week
0
Pending Listings Last Week
1
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Orange County

Long Beach

Click Links below to view the Long Beach
Closed Sales from last week

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: 14.17
11
Closed Sales Last Week
23
Closed Sales - Average Days on Market
$1,468,264
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
2
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

7
New Listings Last Week
7
Months of Inventory
128
Total Number of Active Listings
$352,748,581
Active Listings, Dollar Volume
5
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Long Beach

Los Angeles County

Click Links below to view the Los Angeles County
Closed Sales from last week

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: 14.17
54
Closed Sales Last Week
38
Closed Sales - Average Days on Market
$1,256,048
Closed Sales - Average Sales Price
21
Transactions Sold At or Above Asking Price
43
2-4 Unit Transactions Last Week
11
5+ Unit Transactions Last Week

86
New Listings Last Week
25
Months of Inventory
2,029
Total Number of Active Listings
$13,377,322,989
Active Listings, Dollar Volume
19
Active Under Contract Last Week
26
Pending Listings Last Week
17
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Los Angeles

San Diego County

Click Links below to view the San Diego County
Closed Sales from last week

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: 14.43
7
Closed Sales Last Week
18
Closed Sales - Average Days on Market
$1,882,000
Closed Sales - Average Sales Price
5
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
2
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

25
New Listings Last Week
8
Months of Inventory
241
Total Number of Active Listings
$79,312,646
Active Listings, Dollar Volume
2
Active Under Contract Last Week
8
Pending Listings Last Week
12
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in San Diego

Riverside County

Click Links below to view the Riverside County
Closed Sales from last week

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: 12.09
2
Closed Sales Last Week
26
Closed Sales - Average Days on Market
$794,900
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

4
New Listings Last Week
17
Months of Inventory
106
Total Number of Active Listings
$412,424,495
Active Listings, Dollar Volume
2
Active Under Contract Last Week
4
Pending Listings Last Week
2
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Riverside

San Bernardino County

Click Links below to view the San Bernardino County
Closed Sales from last week

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

San Bernardino County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 6.39%
Avg. Gross Rent Multiplier: 9.63
7
Closed Sales Last Week
45
Closed Sales - Average Days on Market
$900,786
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
2
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

4
New Listings Last Week
18
Months of Inventory
141
Total Number of Active Listings
$273,444,878
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
3
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in San Bernardino

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