During its Regular Meeting on Jan. 28, the City Council voted to postpone a review of short-term rental regulations until an unspecified date in the future. The decision was made because an urgency ordinance passed on Jan. 16 temporarily suspends restrictions on short-term rentals in the city to help provide housing for individuals and families displaced by the recent fires. Previously, landlords and property owners in Beverly Hills were limited to renting out a property for the short term (defined as a period of less than six months) only twice a year. Under the emergency ordinance, this restriction is waived for those displaced by the nearby fires. The restrictions will remain suspended until April 16 and may be extended for an additional 90 days after that, pending further review. Additionally, prices of a short-term rental can be increased by no more than 10% of their prior listing rate to avoid state and city price gouging regulations.
The council also adopted a resolution and ordinance for the conversion of 6,797 square feet of existing parking spaces located on the ground floor of a parking structure at 450 N. Roxbury Drive for retail uses.
