California’s statewide rent cap under AB 1482 expires January 1, 2030. Every apartment building owner in the state should be building that date into their underwriting right now. Almost none of them are.
In this video, Oron Maher, Broker-Director at Maher Commercial Realty, explains why the 2030 AB 1482 sunset is one of the most underpriced variables in California multifamily underwriting today — and why the sophisticated owner is not waiting to find out which version of 2030 arrives.
Three scenarios are on the table:
1️⃣ AB 1157 passes before 2030 and makes the rent cap permanent — eliminating the sunset entirely and converting AB 1482 into the permanent regulatory baseline for every covered property in California.
2️⃣ The law lapses and vacancy decontrol expands — creating income flexibility for owners who have positioned their portfolios correctly ahead of that outcome.
3️⃣ A replacement framework arrives that is more restrictive than what exists today — a scenario the current legislative environment makes entirely plausible.
Each scenario produces a different NOI trajectory for every covered property in the state. Exit timing, refinancing strategy, and hold-versus-sell analysis look fundamentally different depending on which version of 2030 you are underwriting.
For multifamily owners across Greater Los Angeles, the 2030 sunset is not a distant consideration. It is an active variable that belongs in every portfolio conversation happening today.
🔍 Maher Commercial Realty — Beverly Hills. Multifamily and commercial assets across Greater Los Angeles.
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