On November 6, 2024, the Los Angeles County Board of Supervisors approved an amendment to Chapter 8.52 of the Rent Stabilization and Tenant Protection Ordinance, limiting the annual increase of rent, effective January 1, 2025, to sixty percent (60%) of the percentage change in the average Consumer Price Index (CPI) over the previous twelve-month period not to exceed a maximum rent increase of just three percent (3%).

These new rent increase limits apply to all multifamily properties built on or before February 1, 1995, located within the unincorporated areas of Los Angeles County that are covered by the Rent Stabilization and Tenant Protection Ordinance (RSTPO). Smaller owners with 10 or fewer units are allowed an additional 1% increase each year over and above the 3% maximum allowable increase, or up to a maximum of 4%. Luxury unit owners, defined as properties with 25 or more units per parcel receiving $4,000 or more in monthly rent, will be allowed to receive an additional 2% increase over and above the 3% maximum allowable increase, or up to a maximum of 5%. The CPI is based on a 12-month average ending in September 2024.

The chart below has now been updated to include the CPI for the Los Angeles County’s RSTPO. The current CPI based on a 12-month average ending in September 2024 is 2.8% and, accordingly, the maximum allowable rent increase for 2025 is 1.68% (60% times 2.8%).