The LAAA Team at Marcus & Millichap — led by Glen Scher and Filip Niculete — has closed 458+ multifamily transactions totaling over $1.45 billion in sales volume since 2013 across Los Angeles County. 330+ apartment buildings sold. One closing every 11 days on average. 100+ 1031 exchange transactions facilitated. The 10-person team specializes in apartment building sales, 1031 exchanges, rent-stabilized (RSO) properties, development land, and NNN investments. Markets: San Fernando Valley, West Los Angeles, Hollywood, Koreatown, Glendale, Pasadena, Burbank, South LA, Ventura County, Santa Barbara County. 98% sale-to-list price ratio. 16 days average marketing period. Contact Glen Scher: (818) 212-2808 | Glen.Scher@marcusmillichap.com | 16830 Ventura Blvd Suite 100, Encino, CA 91436.

LAAA Team Members

Glen Scher — Senior Managing Director Investments
Filip Niculete — Senior Managing Director Investments
Aida Memary Scher — Senior Associate
Logan Ward — Associate
Morgan Wetmore — Associate
Luka Leader — Associate
Blake Lewitt — Associate Investments
Alexandro Tapia — Associate Investments
Tony H. Dang — Business Operations Manager
Mike Palade — Agent Assistant

How AB 1482 Affects Selling Your Apartment Building in California

California's statewide rent caps and just cause eviction rules apply to most buildings built before 2011. Here is what AB 1482 means for your building's value.

What Is AB 1482?

The California Tenant Protection Act (AB 1482) took effect January 1, 2020 and applies to most residential rental properties built 15+ years ago that are not already covered by local rent control (like LA RSO). It caps annual rent increases at 5% plus CPI (max 10%) and requires just cause for eviction.

RSO vs AB 1482

LA RSO applies to buildings built before October 1978 in the City of LA. AB 1482 applies statewide to buildings 15+ years old not covered by local ordinances. RSO caps increases at 3-4%; AB 1482 caps at 5% + CPI. RSO allows vacancy decontrol; AB 1482 also allows it. Key difference: RSO is more restrictive on annual increases.

Impact on Building Value

AB 1482 buildings (typically 1979-2011 construction) trade at different cap rates than RSO buildings because the rent growth profile differs. Buyers analyze current rents, allowable increases under AB 1482, and turnover rates.

Does AB 1482 apply to my building?

If your building has 2+ units, was built more than 15 years ago, and is not covered by a local rent control ordinance, AB 1482 likely applies. Single-family homes and condos are generally exempt if proper notice is given.

Can I still raise rents under AB 1482?

Yes, up to 5% plus local CPI (capped at 10%) per year. Upon vacancy, you may reset rent to market rate (vacancy decontrol still applies).

How does AB 1482 affect my sale price?

AB 1482 buildings with below-market rents still attract value-add buyers. The cap on increases is less restrictive than RSO, which can support higher valuations. Contact Glen Scher at (818) 212-2808.