So Cal Multifamily Sales Pulse - November 19, 2023 - November 25, 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

Sales Flat, Prices Up In
California’s Housing Market
Layoffs And Bankruptcies Pile Up
In Logistics Amid Shocking Downturn
Alarm Bells Are Ringing for Consumer
Spending and Commercial Real Estate
Crexi National CRE Trends
Report Q3 2023
Multifamily Loans Pose
Risk to Regional Banks
Economic Uncertainty Driving
Consumers to Discount Stores
CREXi Reports Month-to-Month
Gains in Asking Prices
Bright Spots Amid Commercial Real Estate Struggles
The Fed Will Shift To 'Full-On Accommodation' Mode In 2024 With Nearly 3 Percentage Points Of Rate Cuts As Economy Slows, UBS Says
All Signs Point to Record
Holiday Retail Sales
SFR Rent Growth Slows to the
Lowest Level in Three Years
Year-To-Date CMBS Loan
Delinquencies Total $27.91 Billion


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: 14.74
7
Closed Sales Last Week
44
Closed Sales - Average Days on Market
$2,357,143
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
4
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
7
Months of Inventory
194
Total Number of Active Listings
$736,368,087
Active Listings, Dollar Volume
2
Active Under Contract Last Week
2
Pending Listings Last Week
4
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: 14.17
3
Closed Sales Last Week
55
Closed Sales - Average Days on Market
$891,333
Closed Sales - Average Sales Price
1
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

4
New Listings Last Week
7
Months of Inventory
131
Total Number of Active Listings
$354,448,581
Active Listings, Dollar Volume
2
Active Under Contract Last Week
1
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: 14.17
32
Closed Sales Last Week
53
Closed Sales - Average Days on Market
$1,273,938
Closed Sales - Average Sales Price
11
Transactions Sold At or Above Asking Price
24
2-4 Unit Transactions Last Week
8
5+ Unit Transactions Last Week

51
New Listings Last Week
25
Months of Inventory
2,005
Total Number of Active Listings
$13,423,049,076
Active Listings, Dollar Volume
20
Active Under Contract Last Week
8
Pending Listings Last Week
25
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: 14.43
5
Closed Sales Last Week
47
Closed Sales - Average Days on Market
$1,804,200
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

9
New Listings Last Week
8
Months of Inventory
234
Total Number of Active Listings
$79,312,646
Active Listings, Dollar Volume
2
Active Under Contract Last Week
10
Pending Listings Last Week
5
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: 12.09
2
Closed Sales Last Week
6
Closed Sales - Average Days on Market
$691,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
1
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
111
Total Number of Active Listings
$412,318,495
Active Listings, Dollar Volume
0
Active Under Contract Last Week
0
Pending Listings Last Week
1
Expired Listings Last Week

San Bernardino County

Live MLS Link expires in 30 days after published

San Bernardino County Closed Sales - MikeLembeck.com

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

0
New Listings Last Week
18
Months of Inventory
133
Total Number of Active Listings
$275,294,977
Active Listings, Dollar Volume
3
Active Under Contract Last Week
2
Pending Listings Last Week
4
Expired Listings Last Week

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