I don’t know CA, but in NYC, rent controlled apartments can only become market rate apartments in a specific, legally prescribed way. Even if you are in a marke

I don’t know CA, but in NYC, rent controlled apartments can only become market rate apartments in a specific, legally prescribed way. Even if you are in a market rate apartment, the landlord is only allowed to raise your rent by a certain percentage each year; this percentage is higher for market rate and lower for rent-controlled, and there is also a third category called “rent stabilized” which is between market rate and rent controlled. (Just as note about rent control in NYC—rent controlled apartments account for something like 1% of total apartments. The number is slowly going down, it was about 3% twenty years ago.)