SoCal Multifamily Sales Pulse - February 20, 2022 - February 26, 2022

  • 28 February 2022
  • Mike Lembeck

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

Orange County

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Closed Sales from last week

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Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 1.86 months
Avg. Cap Rate: 4.35%
Avg. Gross Rent Multiplier: 14.95
10
Closed Sales Last Week
42
Closed Sales - Average Days on Market
$2,441,256
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
5
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

10
New Listings Last Week
3
Months of Inventory
87
Total Number of Active Listings
$397,159,149
Active Listings, Dollar Volume
11
Active Under Contract Last Week
3
Pending Listings Last Week
2
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Orange County

Long Beach

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Closed Sales from last week

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Long Beach Closed Sales - MikeLembeck.com

Absorption Rate: 1.84 months
Avg. Cap Rate: 4.62%
Avg. Gross Rent Multiplier: 14.28
12
Closed Sales Last Week
33
Closed Sales - Average Days on Market
$1,276,250
Closed Sales - Average Sales Price
8
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
3
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

5
New Listings Last Week
4
Months of Inventory
53
Total Number of Active Listings
$162,212,712
Active Listings, Dollar Volume
4
Active Under Contract Last Week
3
Pending Listings Last Week
0
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Long Beach

Los Angeles County

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Closed Sales from last week

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Los Angeles County Closed Sales - MikeLembeck.com

Absorption Rate: 3.58 months
Avg. Cap Rate: 4.62%
Avg. Gross Rent Multiplier: 14.28
72
Closed Sales Last Week
56
Closed Sales - Average Days on Market
$1,390,325
Closed Sales - Average Sales Price
29
Transactions Sold At or Above Asking Price
56
2-4 Unit Transactions Last Week
16
5+ Unit Transactions Last Week

157
New Listings Last Week
13
Months of Inventory
1,348
Total Number of Active Listings
$8,197,872,824
Active Listings, Dollar Volume
44
Active Under Contract Last Week
42
Pending Listings Last Week
9
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Los Angeles

San Diego County

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Closed Sales from last week

Live MLS Link expires in 30 days after published

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San Diego County Closed Sales - MikeLembeck.com

Absorption Rate: 1.09 months
Avg. Cap Rate: 4.78%
Avg. Gross Rent Multiplier: 14.1
11
Closed Sales Last Week
12
Closed Sales - Average Days on Market
$1,472,409
Closed Sales - Average Sales Price
7
Transactions Sold At or Above Asking Price
10
Financed Transactions Last Week
1
All Cash Transactions Last Week
10
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

17
New Listings Last Week
5
Months of Inventory
78
Total Number of Active Listings
$36,327,844
Active Listings, Dollar Volume
0
Active Under Contract Last Week
24
Pending Listings Last Week
5
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in San Diego

Riverside County

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Closed Sales from last week

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Riverside County Closed Sales - MikeLembeck.com

Absorption Rate: 2.77 months
Avg. Cap Rate: 6.17%
Avg. Gross Rent Multiplier: 11.72
5
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$763,200
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
3
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

5
New Listings Last Week
13
Months of Inventory
78
Total Number of Active Listings
$301,169,424
Active Listings, Dollar Volume
3
Active Under Contract Last Week
1
Pending Listings Last Week
0
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in Riverside

San Bernardino County

Click Links below to view the San Bernardino County
Closed Sales from last week

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

San Bernardino County Closed Sales - MikeLembeck.com

Absorption Rate: 1.81 months
Avg. Cap Rate: 6.17%
Avg. Gross Rent Multiplier: 9.59
9
Closed Sales Last Week
43
Closed Sales - Average Days on Market
$712,556
Closed Sales - Average Sales Price
7
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
3
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

14
New Listings Last Week
10
Months of Inventory
81
Total Number of Active Listings
$208,664,916
Active Listings, Dollar Volume
5
Active Under Contract Last Week
9
Pending Listings Last Week
1
Expired Listings Last Week
Looking For A Bargain?
Click Here and We’ll Send You The Best Deal in San Bernardino

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