Rent control limits the amount a landlord can increase rent each year. It also can affect whether a landlord must pay relocation assistance and provide interest on security deposits. There are certain cities within Los Angeles County that are affected by rent control. Some of those cities are:

• San Pedro
• Santa Monica
• West Hollywood
• Van Nuys
• Encino
• Woodland Hills

Not all buildings within these cities are affected. Rent control applies to buildings built prior to 1978. More information on rent control can be found at www.caltenantlaw.com/LARSO.htm. Some investors do not want to purchase units in rent controlled buildings and others do. It is up to the individual landlord and we can help you decide if this is something that is good for you.

There are some great areas of certain cities that provide multi-family investments. We will try and cover a few of them so you can drive the areas to see the opportunities. We have maps of these areas at MAPS.

• Artcraft Manor – This is a fantastic area in Long Beach for multi-units. The location is close to the 405 freeway, so it is highly desirable for tenants who commute and don’t want a long distance to the freeway. The close proximity to CSULB and local businesses make it convenient to locate qualified tenants.
• Wrigley – This portion of Long Beach is close to both the 710 freeway and the 405 freeway. It has a close proximity to the Blue Line in Long Beach, so it is convenient for those tenants who use public transportation.
• Bellflower – This city is home to many nice multi-family properties. Many properties feature two complete homes on a lot, making it great for those who want to buy their first home and have additional rental income.
• Crest Garden/Mayfair – This area of Lakewood is predominantly single family homes, however there are a few choice multi-family units that offer families close proximity to shopping and easy freeway access.