SoCal Multifamily Sales Pulse - January 29, 2023 - February 4, 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

Debt Is The New Darling For CRE Investors Looking For Alternative Deals https://link.socalmultifamilybroker.com/C9cY

Report: CRE Leaders Slightly More Optimistic About 2023 Than Business Other Leaders https://link.socalmultifamilybroker.com/C5VG

Analysis: Multifamily is Doing Fine https://link.socalmultifamilybroker.com/C5VJ

Multifamily Performance Will Move Closer to Long Run Averages This Year https://link.socalmultifamilybroker.com/C61V

LA, OC See $30B In CMBS Loans Due This Year https://link.socalmultifamilybroker.com/C6yV

Apartment Rents Continue to Fall in January While Vacancies Rise https://link.socalmultifamilybroker.com/C84V

Don't Relax Now. The Fed Isn’t Done Raising Rates https://link.socalmultifamilybroker.com/C8hq

Interest Rate Hike #8: The Impact on CRE https://link.socalmultifamilybroker.com/C8k5

How the Recent Fed Rate Hike Will Affect CRE Financing https://link.socalmultifamilybroker.com/C9JJ

Behold, the Millionaire Renter https://link.socalmultifamilybroker.com/C9JY

Orange County

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Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 6.21 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88
6
Closed Sales Last Week
81
Closed Sales - Average Days on Market
$1,126,667
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
0
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

4
New Listings Last Week
8
Months of Inventory
137
Total Number of Active Listings
$517,379,690
Active Listings, Dollar Volume
6
Active Under Contract Last Week
4
Pending Listings Last Week
6
Expired Listings Last Week

Long Beach

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Live MLS Link PDF Link

Long Beach Closed Sales - MikeLembeck.com

Absorption Rate: 10.5 months
Avg. Cap Rate: 4.62%
Avg. Gross Rent Multiplier: 14.28
3
Closed Sales Last Week
45
Closed Sales - Average Days on Market
$891,667
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
2
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

12
New Listings Last Week
17
Months of Inventory
91
Total Number of Active Listings
$210,573,187
Active Listings, Dollar Volume
3
Active Under Contract Last Week
1
Pending Listings Last Week
2
Expired Listings Last Week

Los Angeles County

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Live MLS Link PDF Link

Los Angeles County Closed Sales - MikeLembeck.com

Absorption Rate: 8.22 months
Avg. Cap Rate: 4.62%
Avg. Gross Rent Multiplier: 14.31
55
Closed Sales Last Week
58
Closed Sales - Average Days on Market
$1,138,222
Closed Sales - Average Sales Price
14
Transactions Sold At or Above Asking Price
51
2-4 Unit Transactions Last Week
4
5+ Unit Transactions Last Week

112
New Listings Last Week
32
Months of Inventory
1,567
Total Number of Active Listings
$10,920,351,017
Active Listings, Dollar Volume
37
Active Under Contract Last Week
19
Pending Listings Last Week
79
Expired Listings Last Week

San Diego County

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Live MLS Link PDF Link

San Diego County Closed Sales - MikeLembeck.com

Absorption Rate: 4.63 months
Avg. Cap Rate: 4.66%
Avg. Gross Rent Multiplier: 14.4
4
Closed Sales Last Week
74
Closed Sales - Average Days on Market
$1,127,500
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

25
New Listings Last Week
9
Months of Inventory
143
Total Number of Active Listings
$104,557,145
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

Riverside County Closed Sales - MikeLembeck.com

Absorption Rate: 7.66 months
Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 11.92
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

4
New Listings Last Week
28
Months of Inventory
89
Total Number of Active Listings
$340,020,683
Active Listings, Dollar Volume
1
Active Under Contract Last Week
5
Pending Listings Last Week
5
Expired Listings Last Week

San Bernardino County

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Live MLS Link PDF Link

San Bernardino County Closed Sales - MikeLembeck.com

Absorption Rate: 4.68 months
Avg. Cap Rate: 6.4%
Avg. Gross Rent Multiplier: 9.55
4
Closed Sales Last Week
20
Closed Sales - Average Days on Market
$465,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
22
Months of Inventory
107
Total Number of Active Listings
$238,383,501
Active Listings, Dollar Volume
4
Active Under Contract Last Week
3
Pending Listings Last Week
4
Expired Listings Last Week

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