How to Raise Rent in Los Angeles???

[Alejandro Garcia]

Hi I am currently looking for a second property in the Los Angeles area to House Hack! I purchased a duplex last year and have since renovated, placed a tenant and looking to refinance soon and do it all again. I am looking for a bit of a larger challenge for this next property so I have been looking at 4-plexes but the houses I've been liking (based on price, location, condition) have been occupied with tenants pay way below market price!

An example of this would be a 4 plex with 4 2-bedroom units with units being rented for $800-1100 when the area could be getting $1700-2000 (a upgrade will probably be necessary). 

I assume I can get one unit vacant so I can occupy as an owner occupant but was wondering what I could do about the other units! Raising rents slowly over the years will take too long so any advise for people with experience with this would be much appreciated!

Thanks in advance!

[Scott M.]

Might find some useful info here  

2021 Update: How Much Can a Landlord Legally Raise the Rent in California? | Sage Real Estate (sageregroup.com)