"It's like winning the lottery," Garcetti said. "If you happen to find a place, and it was built from 1978 or before, you can expect — even though you might have high rents today — that [the rent] won't go up by double digits. If you're not lucky to win that lottery and it's something built in 1979, you do face zero protections."

Source: Los Angeles Times April 23, 2018 20:15 UTC