A Venice Beach real-estate investor who bought a historic rent-stabilized apartment building and converted it into a boutique hotel now known as the Venice V. Local advocates say he cleared out long-term tenants and eliminated some of the last affordable beachfront homes for students, retirees, and working-class residents. Lambert has faced a long list of complaints for illegal hotel conversions, unpermitted construction, and short-term rental violations. His pattern of buying rent-controlled housing and turning it into hotel-style accommodations has contributed to the ongoing displacement and gentrification crisis in Venice.