So Cal Multifamily Sales Pulse - September 10, 2023 - September 16, 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

Construction Starts Continue to Slip in August

Bankruptcy Court and
Distressed CRE Opportunity

US Recorded 1.7% Decline
In Home Equity During Q2

Multifamily Rents Poised For Robust Increases Further Ahead

New Report Examines The State Of
Multifamily Construction

U.S. Consumers are Poised to Cut Back Spending. What Will It Mean for the Economy?

U.S. Apartment Rent
Growth Flattens Out

MBA: CRE Mortgage
Delinquencies on the Rise

Corelogic: Home Prices Up 2.5% For July

Ominous Indicator Suggests US Economy Heading Toward Severe Recession

Home Price Growth
Regains Its Momentum

Strong Demand for Multifamily
to Continue into 2024

OC Retail Vacancy Falls To 4% As Homes Replace Shopping Centers

The Soft Landing May Be
Rougher Than Many Expect

FDIC Finds Selling Some Bank
Assets Trickier Than Expected

New Household Formation
Driving Multifamily Demand

California Rents Down 2.4%
In A Year, Biggest Drop
In 29 Months

Capital Markets Forecast
Calls for Cap Rate
Stabilization, More Transactions

Foreclosure Activity Records Uptick In August


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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
24
Closed Sales - Average Days on Market
$1,390,714
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
3
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

23
New Listings Last Week
6
Months of Inventory
212
Total Number of Active Listings
$653,807,951
Active Listings, Dollar Volume
3
Active Under Contract Last Week
2
Pending Listings Last Week
1
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: 14.19
5
Closed Sales Last Week
16
Closed Sales - Average Days on Market
$1,333,000
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
3
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

14
New Listings Last Week
6
Months of Inventory
117
Total Number of Active Listings
$289,874,098
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: 14.19
59
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,461,739
Closed Sales - Average Sales Price
16
Transactions Sold At or Above Asking Price
45
2-4 Unit Transactions Last Week
14
5+ Unit Transactions Last Week

112
New Listings Last Week
24
Months of Inventory
1,957
Total Number of Active Listings
$12,686,006,798
Active Listings, Dollar Volume
35
Active Under Contract Last Week
40
Pending Listings Last Week
28
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: 4.66%
Avg. Gross Rent Multiplier: 14.42
14
Closed Sales Last Week
14
Closed Sales - Average Days on Market
$1,325,243
Closed Sales - Average Sales Price
8
Transactions Sold At or Above Asking Price
11
Financed Transactions Last Week
3
All Cash Transactions Last Week
14
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

20
New Listings Last Week
8
Months of Inventory
187
Total Number of Active Listings
$80,844,845
Active Listings, Dollar Volume
1
Active Under Contract Last Week
12
Pending Listings Last Week
8
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: 5.7%
Avg. Gross Rent Multiplier: 12.09
5
Closed Sales Last Week
73
Closed Sales - Average Days on Market
$578,200
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

3
New Listings Last Week
22
Months of Inventory
92
Total Number of Active Listings
$389,653,067
Active Listings, Dollar Volume
3
Active Under Contract Last Week
2
Pending Listings Last Week
3
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: 6.39%
Avg. Gross Rent Multiplier: 9.63
4
Closed Sales Last Week
59
Closed Sales - Average Days on Market
$757,125
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
17
Months of Inventory
121
Total Number of Active Listings
$288,143,521
Active Listings, Dollar Volume
4
Active Under Contract Last Week
5
Pending Listings Last Week
0
Expired Listings Last Week

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