So Cal Multifamily Sales Pulse - May 14, 2023 - May 20, 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

Do We Have an Apartment Tenants or Landlord Market Now? Reports Differ https://link.socalmultifamilybroker.com/Dsvp

Report: Los Angeles Must Speed Approvals to Meet Housing Goals https://link.socalmultifamilybroker.com/Dsvt

Fire Sale of San Francisco Office Buildings Continues https://link.socalmultifamilybroker.com/Dsw9

CAA Warns of Impending Senate Vote on Bill Jeopardizing Costa-Hawkins https://link.socalmultifamilybroker.com/DswD

MBA Forecasts 20% Drop in CRE Loan Volume for 2023 https://link.socalmultifamilybroker.com/DswB

CRE Lending Sees Significant Drop https://link.socalmultifamilybroker.com/DsxH

Tenants In Greater LA Market Owe $1B In Unpaid Rent, Study Finds https://link.socalmultifamilybroker.com/DsxI

Study Sees Nearly 190 U.S. Banks at Risk of Collapse https://link.socalmultifamilybroker.com/Duyx

Lending Momentum Continued to Slow in Q1 https://link.socalmultifamilybroker.com/DuzI

Global CRE Transactions Are Just as Gloomy As In The U.S. https://link.socalmultifamilybroker.com/DvM0

CRE Lending Index Drops 33% https://link.socalmultifamilybroker.com/DvMC

The Number of Rent-Burdened Residents is on the Decline https://link.socalmultifamilybroker.com/DwCw

It’s Deja Vu in the Housing Market—Is It 2006 All Over Again? https://link.socalmultifamilybroker.com/DwC_

Fire-Sale Pricing Comes to Office Investment Sales https://link.socalmultifamilybroker.com/DwEe

Builders Express Renewed Confidence In Housing Market https://link.socalmultifamilybroker.com/Dx7T

MBA: Number Of Loans In Forbearance Continue To Decline https://link.socalmultifamilybroker.com/Dx7W

Companies Tell Employees to Get Back to the Office But No One Seems to be Listening https://link.socalmultifamilybroker.com/DxHP

Brookfield's Downtown L.A. Trophy Towers Falling Like Dominoes https://link.socalmultifamilybroker.com/DxHQ

Few Believe in the American Dream of Homeownership Anymore https://link.socalmultifamilybroker.com/DxHR 

Something Fishy Is Going On: Seaworld Owes San Diego $12m In Unpaid Rent https://link.socalmultifamilybroker.com/DxHY

Commercial Property Insurance Premiums Spike a Record 20.4% in Q1 https://link.socalmultifamilybroker.com/DyRs

NYC Officials Seeking Vacant Office Properties to House Illegal Immigrant Influx https://link.socalmultifamilybroker.com/DyRy

SoCal Home Prices in April Edged up from March https://link.socalmultifamilybroker.com/Dz5p

Commercial Real Estate Prices In US Fall For First Time Since 2011 https://link.socalmultifamilybroker.com/Dz5q

'A Sign Of Trouble?' Why More Americans Are Missing Their Debt Payments https://link.socalmultifamilybroker.com/Dz5z

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

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Orange County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.92
4
Closed Sales Last Week
29
Closed Sales - Average Days on Market
$3,476,075
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
2
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

8
New Listings Last Week
6
Months of Inventory
163
Total Number of Active Listings
$658,104,477
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
0
Expired Listings Last Week

Long Beach

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Long Beach Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.33
6
Closed Sales Last Week
12
Closed Sales - Average Days on Market
$1,412,167
Closed Sales - Average Sales Price
5
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

1
New Listings Last Week
11
Months of Inventory
102
Total Number of Active Listings
$303,445,007
Active Listings, Dollar Volume
7
Active Under Contract Last Week
2
Pending Listings Last Week
1
Expired Listings Last Week

Los Angeles County

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Los Angeles County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.33
60
Closed Sales Last Week
42
Closed Sales - Average Days on Market
$1,429,590
Closed Sales - Average Sales Price
26
Transactions Sold At or Above Asking Price
50
2-4 Unit Transactions Last Week
10
5+ Unit Transactions Last Week

115
New Listings Last Week
27
Months of Inventory
1,723
Total Number of Active Listings
$11,615,096,803
Active Listings, Dollar Volume
23
Active Under Contract Last Week
25
Pending Listings Last Week
17
Expired Listings Last Week

San Diego County

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San Diego County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.68%
Avg. Gross Rent Multiplier: 14.29
8
Closed Sales Last Week
16
Closed Sales - Average Days on Market
$1,658,175
Closed Sales - Average Sales Price
2
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

20
New Listings Last Week
9
Months of Inventory
162
Total Number of Active Listings
$99,760,046
Active Listings, Dollar Volume
1
Active Under Contract Last Week
8
Pending Listings Last Week
5
Expired Listings Last Week

Riverside County

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Riverside County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 10.25
4
Closed Sales Last Week
34
Closed Sales - Average Days on Market
$990,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

0
New Listings Last Week
22
Months of Inventory
74
Total Number of Active Listings
$363,066,379
Active Listings, Dollar Volume
0
Active Under Contract Last Week
4
Pending Listings Last Week
1
Expired Listings Last Week

San Bernardino County

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San Bernardino County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 6.45%
Avg. Gross Rent Multiplier: 10.25
2
Closed Sales Last Week
58
Closed Sales - Average Days on Market
$534,500
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

9
New Listings Last Week
20
Months of Inventory
129
Total Number of Active Listings
$261,301,094
Active Listings, Dollar Volume
1
Active Under Contract Last Week
6
Pending Listings Last Week
0
Expired Listings Last Week

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