LA rent control building: $4M listing, $289/month 3BR
Rent roll so broken it made it to escrow anyway. A landlord trying to sell a building where existing tenants are locked in at Depression-era prices, and one three-bedroom is pulling in $289 a month.
This is what happens when you stack decades of rent control over actual market reality. The buyout conversation for that unit must be apocalyptic.

Rent-controlled LA property reveals the brutal math of tenant protection versus property valuation.
Source
x.com