So Cal Multifamily Sales Pulse - September 24, 2023 - September 30, 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

New Study Finds Affordable Homeownership Sinking To Three-Decade Low

Big Switch for Renters as Wages Ramp Up More than Rent Growth

How Rising Interest Is Affecting Floating Rate Refis

Analyst: Multifamily Rent Growth Will Return to Historical Norms

Election Year Unlikely to Sway Fed on Interest Rates

So Cal Real Estate Industry Sees Biggest Slowdown In 35 Years

Lenders Have Leverage
With Insurance Costs

CRE Investment Sales
Continue to Disappoint

Apartments Rents are Now 1.2% Cheaper Than a Year Ago

Distressed Asset Borrowers:
To Sell or Not To Sell

It's Still Not Clear If
Multifamily Has Hit Bottom

Fed's Decision to Hold Rates Might Be a Turning Point

Rental Competition Heats Up Despite Weakening Market


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
59
Closed Sales - Average Days on Market
$7,069,500
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

15
New Listings Last Week
6
Months of Inventory
219
Total Number of Active Listings
$663,248,146
Active Listings, Dollar Volume
3
Active Under Contract Last Week
1
Pending Listings Last Week
3
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
4
Closed Sales Last Week
117
Closed Sales - Average Days on Market
$1,832,750
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
6
Months of Inventory
111
Total Number of Active Listings
$294,810,098
Active Listings, Dollar Volume
6
Active Under Contract Last Week
2
Pending Listings Last Week
1
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
63
Closed Sales Last Week
58
Closed Sales - Average Days on Market
$1,698,178
Closed Sales - Average Sales Price
22
Transactions Sold At or Above Asking Price
42
2-4 Unit Transactions Last Week
21
5+ Unit Transactions Last Week

107
New Listings Last Week
24
Months of Inventory
1,938
Total Number of Active Listings
$12,757,898,847
Active Listings, Dollar Volume
30
Active Under Contract Last Week
30
Pending Listings Last Week
15
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
10
Closed Sales Last Week
18
Closed Sales - Average Days on Market
$1,337,800
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
4
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

21
New Listings Last Week
28
Months of Inventory
213
Total Number of Active Listings
$1,743,755,553
Active Listings, Dollar Volume
0
Active Under Contract Last Week
19
Pending Listings Last Week
6
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
7
Closed Sales Last Week
51
Closed Sales - Average Days on Market
$2,533,807
Closed Sales - Average Sales Price
2
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

5
New Listings Last Week
23
Months of Inventory
99
Total Number of Active Listings
$392,065,667
Active Listings, Dollar Volume
0
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: 6.39%
Avg. Gross Rent Multiplier: 9.63
7
Closed Sales Last Week
35
Closed Sales - Average Days on Market
$654,571
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
4
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

7
New Listings Last Week
17
Months of Inventory
123
Total Number of Active Listings
$280,742,798
Active Listings, Dollar Volume
4
Active Under Contract Last Week
7
Pending Listings Last Week
0
Expired Listings Last Week

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