More than 600,000 units are covered by L.A.’s Rent Stabilization Ordinance, which generally covers apartment buildings constructed on or before Oct. 1, 1978. Although the law limits how much rent can be hiked for tenants, landlords can raise the rent as much as they want when the units are vacant. There is no income limit on who can move in.

Source: Los Angeles Times November 07, 2018 01:16 UTC