Overcoming Rent Control

[Ilva Kibare]

I am looking in to small multifamily units in promising areas in Los Angeles, but the rent control is really tampering with my projections.

My latest interest a 4-plex near USC ~$450/month /unit in the area where market rents are $1400 for refurbished unit or ~$800-900 for one with similar conditions. This kills my numbers considering rent control issues.

What tactics have proven most profitable out there to overcome rent control obstacles besides annual rent increase of mandated 3% or so max.