Santa Monica Rents Double Under Full 'Vacancy Decontrol', Report Finds
A typical two-bedroom apartment at market rates in Santa Monica required a yearly income of $111,000 last year, according to an annual update on the state of the City’s troubled rent control system.
It also shows dramatic rent differences in apartments that haven’t been vacated under the 1995 Costa-Hawkins Rental Housing Act and are still pegged to the 1979 caps on rent.