So Cal Multifamily Sales Pulse - October 8, 2023 - October 14, 2023

  • 15 October 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

Investment Sales Jump 20%
After Weak Summer 
Cap Rates Under Pressure
Amid 10-Year Treasury's Climb
Credit Conditions for
Borrowers About to Get Worse
Bank Exposure to Office
Sector is Less than 4%
Poll Results: The Impact
of Rising Insurance Costs
MBA, NAR, NAHB Call for
Halt to Fed Rate Hikes
Q&A: The State of
Multifamily Operating
CRE Housing Groups Ask the
Fed for More Market Certainty
Wall of Multifamily Maturities
Means Buying Opportunities
Will the Fed Let Higher Treasury
Yields Finish Monetary Tightening?
Why the Fed Keeps Raising Rates
Here Are the Factors That Could Stop the
Continuing Slide in Multifamily Transactions
Top 15 CRE Investing Mistakes
Apartments' Record Demand Still Can't Overcome Supply
Inside Multifamily’s Supply Problem
The State of Multifamily Lending
Multifamily Cap Rate Spread Smallest Since 2014
Purchase Activity Falls To 28-Year
Low As Mortgage Rates Near 8% 
Fannie Mae’s Home Purchase Sentiment
Index Sinks Under Mortgage Rate Pressure
Housing Trade Groups Warn Powell That
Fed Policies Fuel ‘Ongoing Market Uncertainty’
Financing Harder Than Ever to Get, Expert Says
Apartment Fundamentals
Improve But Challenges Remain
California Home Construction So Low It
Will Take 34 Years To Meet Current Demand
Growing Bond Rates Might Take Pressure Off Fed
Bank Charge-Offs Rising for CRE Debt
Apartment Supply Soars But Demand Remains High
Now May Be a Good Time to
Jump Off the Daily News Cycle
California Renters Pay 43% More
Than US, But The Gap’s Shrinking
Survey: Investors Expect
Crash in Office Prices 

Rising Mortgage Rates Squeeze Southern California Homebuyers, Depress Sales 

Home Sales Across Southern California Fall 16% In August
Get Ready for Another Round
of Bad News for Banks
Q3 Home Foreclosures Up
28 Percent Compared to Q2
Revealed: Top Ten Issues Impacting Real Estate

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
7
Closed Sales Last Week
69
Closed Sales - Average Days on Market
$1,730,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
2
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

12
New Listings Last Week
7
Months of Inventory
217
Total Number of Active Listings
$753,741,135
Active Listings, Dollar Volume
6
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 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: 4.64%
Avg. Gross Rent Multiplier: 14.17
7
Closed Sales Last Week
92
Closed Sales - Average Days on Market
$2,472,571
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
5
5+ Unit Transactions Last Week

12
New Listings Last Week
8
Months of Inventory
121
Total Number of Active Listings
$313,795,897
Active Listings, Dollar Volume
1
Active Under Contract Last Week
1
Pending Listings Last Week
1
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: 4.64%
Avg. Gross Rent Multiplier: 14.17
39
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,601,055
Closed Sales - Average Sales Price
11
Transactions Sold At or Above Asking Price
34
2-4 Unit Transactions Last Week
5
5+ Unit Transactions Last Week

135
New Listings Last Week
24
Months of Inventory
2,011
Total Number of Active Listings
$13,045,235,891
Active Listings, Dollar Volume
33
Active Under Contract Last Week
25
Pending Listings Last Week
22
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: 4.66%
Avg. Gross Rent Multiplier: 14.43
7
Closed Sales Last Week
9
Closed Sales - Average Days on Market
$1,907,567
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

19
New Listings Last Week
8
Months of Inventory
213
Total Number of Active Listings
$83,139,847
Active Listings, Dollar Volume
0
Active Under Contract Last Week
15
Pending Listings Last Week
2
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
1
Closed Sales Last Week
112
Closed Sales - Average Days on Market
$460,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
0
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

9
New Listings Last Week
16
Months of Inventory
106
Total Number of Active Listings
$388,601,345
Active Listings, Dollar Volume
2
Active Under Contract Last Week
0
Pending Listings Last Week
0
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
6
Closed Sales Last Week
38
Closed Sales - Average Days on Market
$1,154,833
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
2
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

10
New Listings Last Week
17
Months of Inventory
126
Total Number of Active Listings
$268,870,588
Active Listings, Dollar Volume
1
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 San Bernardino

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