So Cal Multifamily Sales Pulse - September 3, 2023 - September 9, 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

CMBS Delinquency Rate Drops To 4.25% For August

Here’s Why Deals Will Increase in Q4

Expenses for Apartment Owners Continue to Outpace Rents

Why Multifamily Developers Are Having A Brutal Year In LA

U.S. Commercial Real Estate Seems Safe From China’s Troubles. That Could Change Fast

Ouch! Mortgage Application Activity Sinks To 27-Year Low

Banks’ Exposure To CRE Triggers “Doom-Loop” Fears

New Apartment Construction
Volume Dwindles

Economist’s View: Why Recession or No Recession Is Not Up to the Fed

Fed’s Beige Book: CRE Flat to Falling

The Impact of Rising Multifamily Insurance Rates on Rent


I can't believe it, but I finally released my new book.

"Insider Real Estate Secrets for Buying, Selling, and Investing in Real Estate!"

If you're thinking of making a move this year, you might want to check it out!

I've really worked hard to share very valuable strategies you can use to make (or save) over $100,000 with your next real estate transaction!

The book is divided into three sections depending on what your real estate goals may be:

Section One: How to Save Over 100k Buying an Apartment Building
Section Two: How to Make an Extra 100k Selling an Apartment Building
Section Three: How to Retire Early Investing in Real Estate

Get Instant Access: "Insider Real Estate Secrets for Buying, Selling, and Investing in 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

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
6
Closed Sales Last Week
35
Closed Sales - Average Days on Market
$1,553,708
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
3
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

11
New Listings Last Week
6
Months of Inventory
199
Total Number of Active Listings
$655,574,451
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
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
10
Closed Sales - Average Days on Market
$1,345,000
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
2
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

12
New Listings Last Week
6
Months of Inventory
110
Total Number of Active Listings
$291,319,086
Active Listings, Dollar Volume
1
Active Under Contract Last Week
0
Pending Listings Last Week
0
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
46
Closed Sales Last Week
49
Closed Sales - Average Days on Market
$1,637,962
Closed Sales - Average Sales Price
16
Transactions Sold At or Above Asking Price
37
2-4 Unit Transactions Last Week
9
5+ Unit Transactions Last Week

146
New Listings Last Week
24
Months of Inventory
1,960
Total Number of Active Listings
$12,692,535,327
Active Listings, Dollar Volume
25
Active Under Contract Last Week
34
Pending Listings Last Week
29
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
5
Closed Sales Last Week
72
Closed Sales - Average Days on Market
$1,447,555
Closed Sales - Average Sales Price
3
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

19
New Listings Last Week
8
Months of Inventory
191
Total Number of Active Listings
$80,944,845
Active Listings, Dollar Volume
0
Active Under Contract Last Week
11
Pending Listings Last Week
9
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
2
Closed Sales Last Week
28
Closed Sales - Average Days on Market
$490,000
Closed Sales - Average Sales Price
1
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

6
New Listings Last Week
22
Months of Inventory
93
Total Number of Active Listings
$388,307,067
Active Listings, Dollar Volume
1
Active Under Contract Last Week
3
Pending Listings Last Week
0
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
7
Closed Sales Last Week
78
Closed Sales - Average Days on Market
$763,571
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
3
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

8
New Listings Last Week
17
Months of Inventory
124
Total Number of Active Listings
$286,896,622
Active Listings, Dollar Volume
4
Active Under Contract Last Week
5
Pending Listings Last Week
1
Expired Listings Last Week

<< Back


Comments

No comments.

Register here or Login here to be able to add comment.