Santa Monica's once-stable rent controlled market has become a revolving door as vacated units fetch skyrocketing rents, according to the Rent Control Board's Annual report.

The median price for rent controlled units in Santa Monica is at an all-time high, giving new tenants little incentive to hang on to their units, the report found.

Read More:  http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2019/March-2019/03_20_2019_Santa_Monicas_Newest_Rent_Control_Tenants_Quicly_Leaving.html