THERE ARE TOTAL OF TWO PARTS FOR THIS ASSIGNMENT PLEASE SEPARATE THE ANSWERS FOR EACH PART EX) PART 1) ---- PART 2)---- PART 1) When is residentially zoned land considered worthless? Your initial post should be at least 60 or more words or more. PART 2) It is the fall of 2015 and you have been living in your two-bedroom 1 bath apartment in Santa Monica for 20 years. Your current rent is $1,000/Mo due to the Santa Monica Rent Control. A similar apartment in your building was recently rented for $2,000/Mo. Your landlord has offered you an incentive to move out. What do you think your leasehold interest is worth? Hint how much more could the apartment building be worth if you move out. This is simple think about the Income Approach. You will need to read the following apartment market report and look on a map if you are not familiar with where Santa Monica CA is located.