So Cal Multifamily Sales Pulse - May 7, 2023 - May 13, 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

The Fed Signals a Potential Rate Hike Pause. But What Does This Mean? https://link.socalmultifamilybroker.com/DlNE  

Nearly Half of Homes Sold Within Two Weeks of Being Listed https://link.socalmultifamilybroker.com/DlO9

CMBS Delinquency Rate Holds Steady https://link.socalmultifamilybroker.com/DlOD

Now’s the Time to Start Thinking About Next Year’s Fundamentals https://link.socalmultifamilybroker.com/DmfW

CoStar: Multifamily May Outperform Expectations in Q2 https://link.socalmultifamilybroker.com/Dmgs

Is Converting Office Into Multifamily a Good Fit? https://link.socalmultifamilybroker.com/Dmg-

4 Reasons Why Rising Interest Rates Won't Tank Multifamily Real Estate Values https://link.socalmultifamilybroker.com/Dmhg

Survey Shows CRE Worries Are Broadening to Include Economic Fundamentals https://link.socalmultifamilybroker.com/Dns_

Interest Rate Caps Are Crushing CRE Deals Even More Than Before https://link.socalmultifamilybroker.com/DntW

Bank CRE Lending Increased in April https://link.socalmultifamilybroker.com/Dntk

San Francisco Office Tower Sold for 75% Discount https://link.socalmultifamilybroker.com/Dntm

Survey Shows CRE Worries Are Broadening to Include Economic Fundamentals https://link.socalmultifamilybroker.com/Dntr

Eviction Moratoria Still on the Books in Major California Cities https://link.socalmultifamilybroker.com/Dnt_  

Federal Reserve Flags CRE Worries https://link.socalmultifamilybroker.com/Doen

The Fed Worries About Bank CRE Loans for a Good Reason https://link.socalmultifamilybroker.com/DoiJ

Foreign Investors Have a Bigger Appetite for U.S. Commercial Property This Year https://link.socalmultifamilybroker.com/DoiU

New Reports Show Expectations of Slow Inflation Decline and a Long Slog Ahead https://link.socalmultifamilybroker.com/DoiV

CRE Loan Originations Down 56% Year-Over-Year in Q1 https://link.socalmultifamilybroker.com/Doj4

Gallup Poll: Jerome Powell’s Popularity is Lowest Ever for a Fed Chairman https://link.socalmultifamilybroker.com/DpYy

Fed Increases Monitoring of CRE Loan Performance https://link.socalmultifamilybroker.com/DpZ3

CRE Loan Originations Drop to Nine Year Low https://link.socalmultifamilybroker.com/Dqb1

Warren Buffett: It's Time for CRE Borrowers to Feel the Pain https://link.socalmultifamilybroker.com/Dqb7

Jobless Claims Rise as Wholesale Inflation Ebbs https://link.socalmultifamilybroker.com/Dqgq

US Foreclosure Activity Stabilized in April https://link.socalmultifamilybroker.com/Dr9_ 

Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs https://link.socalmultifamilybroker.com/DqlD


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
5
Closed Sales Last Week
114
Closed Sales - Average Days on Market
$3,231,000
Closed Sales - Average Sales Price
3
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

16
New Listings Last Week
6
Months of Inventory
160
Total Number of Active Listings
$656,470,477
Active Listings, Dollar Volume
6
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: 14.33
7
Closed Sales Last Week
5
Closed Sales - Average Days on Market
$1,419,286
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
4
5+ Unit Transactions Last Week

9
New Listings Last Week
11
Months of Inventory
107
Total Number of Active Listings
$302,706,007
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
2
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: 14.33
45
Closed Sales Last Week
60
Closed Sales - Average Days on Market
$1,482,182
Closed Sales - Average Sales Price
13
Transactions Sold At or Above Asking Price
32
2-4 Unit Transactions Last Week
13
5+ Unit Transactions Last Week

103
New Listings Last Week
27
Months of Inventory
1,706
Total Number of Active Listings
$11,634,436,051
Active Listings, Dollar Volume
29
Active Under Contract Last Week
36
Pending Listings Last Week
25
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: 4.68%
Avg. Gross Rent Multiplier: 14.29
11
Closed Sales Last Week
27
Closed Sales - Average Days on Market
$1,301,727
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
4
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

21
New Listings Last Week
9
Months of Inventory
158
Total Number of Active Listings
$98,323,146
Active Listings, Dollar Volume
0
Active Under Contract Last Week
16
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: 10.25
1
Closed Sales Last Week
9
Closed Sales - Average Days on Market
$1,286,500
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
0
Financed Transactions Last Week
1
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

12
New Listings Last Week
22
Months of Inventory
84
Total Number of Active Listings
$360,503,579
Active Listings, Dollar Volume
1
Active Under Contract Last Week
0
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: 6.45%
Avg. Gross Rent Multiplier: 10.25
5
Closed Sales Last Week
63
Closed Sales - Average Days on Market
$596,600
Closed Sales - Average Sales Price
2
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

10
New Listings Last Week
20
Months of Inventory
122
Total Number of Active Listings
$260,319,185
Active Listings, Dollar Volume
2
Active Under Contract Last Week
2
Pending Listings Last Week
1
Expired Listings Last Week

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