This is akin to asking "how big is big"?
While the multi-family market is a fine investment in California these days, one must temper a desire to sell with the location, age of property, quality of property, specific property occupancy and market vacancy. These are a few of the considerations.
Generally, an "A" property in a commensurate location, which is priced correctly, will not remain on the market long. (15-45 days).
A "B" property priced right, in a decent location will also be a decently moving property, (30-45 days).
When you get to "C" and "D" properties it is "good luck time". This will depend on most of the conditions that are expressed above and certainly most important is location, with price and condition being close behind. "Good luck time" is 60 days to forever!
You might take a look at all the LoopNet listings to get a view of this yourself.
Onward and upward T.F. Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: email@example.com
May 11, 2011