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Capital & Main
Capital & Main
Jack Ross

Tenant Lawsuits Offer Rare Glimpse Into an L.A. Landlord’s ‘Cash for Keys’ Operation

K3 Holdings tenants move out of their Koreatown apartments in 2023 as members of the Los Angeles Tenants Union protest their treatment by the landlord. Photo by Barbara Davidson for Capital & Main.

Behind every door was a chance to make money. It was 2020, and Matt DeBoth and Angel Escobar were canvassing Koreatown, Highland Park and other gentrifying Los Angeles neighborhoods, trying to get tenants, mostly working-class immigrants, to give up some of the city’s most affordable apartments. Each time a tenant agreed, DeBoth later said in a deposition, he and Escobar could get a bonus of up to $1,000.

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