Rent Control Cap raised to 4% in Los Angeles

[Alvin Uy]

In most recent years, rent increases have been capped at 3% in Los Angeles. Im about to renew lease agreements on my 4plex and found this article today that says Rent Control Cap is going up from 3% to 4% starting July 2019.

As a landlord in Rent Control area, im excited about this possibility.... But i cant confirm if this is true. Im hoping some of you Los Angeles property managers in this forum can chime in and confirm this? Here’s the article I found:

https://www.google.com/amp/s/la.curbed.com/platform/amp/2019/3/12/18260567/los-angeles-rent-control-increase