AB -1842 potential new rental property ?

[Guillermo Perea]

Hey everyone, I'm currently in the process of obtaining a new rental property in Los Angeles, I decided to make the investment because the property was built in the 80s and does not fall under LA city rent control. The property has 3 tenants and have been there for 20 + years and are currently paying way below market , ($800 per 2  bedroom units ). The market there is about $1800. Will AB-1842 currently put me on rent control and limit me ?

Any info will be greatly appreciated.