So Cal Multifamily Sales Pulse - April 23, 2023 - April 29, 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

Consumers Grow Grimmer About Future https://link.socalmultifamilybroker.com/DYD1

Commercial Real Estate Lending Volumes Up 14.5% https://link.socalmultifamilybroker.com/DV9Z  

More People are Losing Jobs and More of Them are High-Earners https://link.socalmultifamilybroker.com/DVoV

More SFR Investors are Selling at a Loss https://link.socalmultifamilybroker.com/DVor

Fannie Mae Expects Stronger Q1 Growth But Still Forecasts Recession https://link.socalmultifamilybroker.com/DVoy

Mortgage Delinquencies at Record Low https://link.socalmultifamilybroker.com/DVp1

Retail Store Closures 'To Sharply Accelerate Going Forward': UBS Research https://link.socalmultifamilybroker.com/DVpu

The Median U.S. Home Price Just Posted Its Largest Drop Since 2021 https://link.socalmultifamilybroker.com/DV-f

Rental Housing Prices Up in March https://link.socalmultifamilybroker.com/DXPm

Competition For Housing Heats Up As Southern California Listings Plunge https://link.socalmultifamilybroker.com/DXPq

Brookfield’s Default, Blackstone’s Earnings Drop: Bellwethers for Delinquencies? https://link.socalmultifamilybroker.com/DXQH

This Analyst Believes Banks Will Extend CRE Loans As Maturities Come Due https://link.socalmultifamilybroker.com/DXQU

LA Home Prices Turn Corner in March https://link.socalmultifamilybroker.com/DXRM

San Diego Proposes Stronger Renter Protections https://link.socalmultifamilybroker.com/DXRN

So Cal Loses 4,600 Real Estate Jobs Last Month During Sluggish Market https://link.socalmultifamilybroker.com/DXRR

The Banking Crisis Has Added Another Stressor To An Already Stressed Industry https://link.socalmultifamilybroker.com/DXSD

First Republic is in a Shaky Position and Needs a Savior Fast https://link.socalmultifamilybroker.com/DYBJ

Is A New Housing Bubble Being Formed? https://link.socalmultifamilybroker.com/DYBv

Luxury Multifamily is Starting to Feel Rent Pressures https://link.socalmultifamilybroker.com/DYCr

Multifamily Cap Rates Have Begun to Stabilize https://link.socalmultifamilybroker.com/DYJm

W&D Thinks Apartment Deals Will Start Up Again in H2 https://link.socalmultifamilybroker.com/DZ0r

Legislative Committee Nixes California Rent Cap Proposal https://link.socalmultifamilybroker.com/DZ14

NMHC Survey Shows Continued Weaking in Multifamily Market Conditions https://link.socalmultifamilybroker.com/DZ17



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: 14.92
7
Closed Sales Last Week
61
Closed Sales - Average Days on Market
$1,904,333
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

11
New Listings Last Week
8
Months of Inventory
164
Total Number of Active Listings
$637,380,267
Active Listings, Dollar Volume
6
Active Under Contract Last Week
3
Pending Listings Last Week
2
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: 14.37
4
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$2,177,500
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

4
New Listings Last Week
9
Months of Inventory
108
Total Number of Active Listings
$268,103,408
Active Listings, Dollar Volume
3
Active Under Contract Last Week
2
Pending Listings Last Week
4
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: 14.25
47
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,331,272
Closed Sales - Average Sales Price
22
Transactions Sold At or Above Asking Price
38
2-4 Unit Transactions Last Week
9
5+ Unit Transactions Last Week

115
New Listings Last Week
23
Months of Inventory
1,692
Total Number of Active Listings
$11,609,440,427
Active Listings, Dollar Volume
38
Active Under Contract Last Week
25
Pending Listings Last Week
23
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: 14.29
14
Closed Sales Last Week
39
Closed Sales - Average Days on Market
$1,464,798
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
7
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

17
New Listings Last Week
8
Months of Inventory
147
Total Number of Active Listings
$105,596,046
Active Listings, Dollar Volume
0
Active Under Contract Last Week
11
Pending Listings Last Week
2
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: 11.92
3
Closed Sales Last Week
149
Closed Sales - Average Days on Market
$695,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
1
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

5
New Listings Last Week
22
Months of Inventory
84
Total Number of Active Listings
$366,923,629
Active Listings, Dollar Volume
1
Active Under Contract Last Week
3
Pending Listings Last Week
1
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: 6.45%
Avg. Gross Rent Multiplier: 9.59
8
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$644,875
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
2
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

7
New Listings Last Week
15
Months of Inventory
101
Total Number of Active Listings
$260,969,236
Active Listings, Dollar Volume
6
Active Under Contract Last Week
4
Pending Listings Last Week
3
Expired Listings Last Week

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