SoCal Multifamily Sales Pulse - March 26, 2023 - April 1, 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

Goldman Sachs Quantifies the Pain Expected From Tighter Bank Lending https://link.socalmultifamilybroker.com/CyFT

Federal Reserve Sees a Colder Economic Wind Coming https://link.socalmultifamilybroker.com/CyGn

More Americans Can’t Afford Their Rent https://link.socalmultifamilybroker.com/CyHZ 

Maybe Not All Inflation Is a Problem https://link.socalmultifamilybroker.com/Cz7F

Orange County Is Most Competitive Rental Market In California https://link.socalmultifamilybroker.com/Cz8h

These 5 Markets Have the Most Office Loans Maturing https://link.socalmultifamilybroker.com/CzDp

Year-Over-Year Apartment Rent Growth Slips to Lowest Level in Two Years https://link.socalmultifamilybroker.com/Czoa

Multifamily Investors Grapple With Market Uncertainty https://link.socalmultifamilybroker.com/C-Jp

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
69
Closed Sales - Average Days on Market
$1,653,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
1
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

13
New Listings Last Week
7
Months of Inventory
166
Total Number of Active Listings
$612,107,498
Active Listings, Dollar Volume
5
Active Under Contract Last Week
4
Pending Listings Last Week
13
Expired Listings Last Week

Long Beach

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Live MLS Link PDF Link

Long Beach Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.37
3
Closed Sales Last Week
19
Closed Sales - Average Days on Market
$961,667
Closed Sales - Average Sales Price
1
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

8
New Listings Last Week
9
Months of Inventory
101
Total Number of Active Listings
$269,377,519
Active Listings, Dollar Volume
3
Active Under Contract Last Week
4
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
59
Closed Sales Last Week
61
Closed Sales - Average Days on Market
$2,387,175
Closed Sales - Average Sales Price
19
Transactions Sold At or Above Asking Price
39
2-4 Unit Transactions Last Week
20
5+ Unit Transactions Last Week

106
New Listings Last Week
23
Months of Inventory
1,637
Total Number of Active Listings
$11,523,729,096
Active Listings, Dollar Volume
36
Active Under Contract Last Week
24
Pending Listings Last Week
74
Expired Listings Last Week

San Diego County

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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
37
Closed Sales - Average Days on Market
$1,548,385
Closed Sales - Average Sales Price
5
Transactions Sold At or Above Asking Price
10
Financed Transactions Last Week
4
All Cash Transactions Last Week
14
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

14
New Listings Last Week
8
Months of Inventory
136
Total Number of Active Listings
$101,165,146
Active Listings, Dollar Volume
0
Active Under Contract Last Week
12
Pending Listings Last Week
13
Expired Listings Last Week

Riverside County

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Live MLS Link PDF Link

Riverside County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 11.92
4
Closed Sales Last Week
40
Closed Sales - Average Days on Market
$704,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
2
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

4
New Listings Last Week
24
Months of Inventory
89
Total Number of Active Listings
$363,043,491
Active Listings, Dollar Volume
2
Active Under Contract Last Week
0
Pending Listings Last Week
5
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
10
Closed Sales Last Week
29
Closed Sales - Average Days on Market
$641,150
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
2
All Cash Transactions Last Week
10
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

6
New Listings Last Week
15
Months of Inventory
101
Total Number of Active Listings
$252,046,236
Active Listings, Dollar Volume
3
Active Under Contract Last Week
2
Pending Listings Last Week
1
Expired Listings Last Week

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