Multifamily Real Estate Expertise in Long Beach

Sales volume over the trailing 12 months reached approximately $400 million, with 164 transactions totaling roughly 1,800 units sold and an average sale price of $2.4 million. Properties are trading approximately 5.7% below asking price, while the average marketing period has improved slightly to 5.6 months, indicating continued buyer activity alongside disciplined pricing negotiations. Occupancy remains healthy at approximately 96.0%, vacancy averages around 4.0%, and asking rents have increased 1.5% year over year to an average of $1,377 per unit. These fundamentals continue to reflect stable tenant demand, improving rent performance, and a healthy operating environment for apartment owners.

From a seller’s perspective, improving rent growth, healthy occupancy, and rising sales volume continue to support investor demand for well-positioned multifamily assets. Although buyers remain selective and underwriting standards remain disciplined, quality properties in desirable neighborhoods continue to generate strong interest and competitive pricing. In a nuanced, street-by-street market like Long Beach, working with an experienced multifamily broker remains essential to properly position an asset, identify the most qualified buyers, and maximize value in an increasingly data-driven marketplace.

From a buyer’s perspective, cap rates holding near 6.0%, stable occupancy, and consistent discounts from asking price continue to provide attractive acquisition opportunities. Investors can acquire stabilized assets with dependable cash flow while benefiting from improving rent fundamentals and the long-term supply constraints that support Long Beach's apartment market. The combination of modest rent growth, strong occupancy, and balanced pricing continues to make Long Beach an attractive market for both private investors and institutional capital.