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The halibut derby is for the whole Santa Monica Bay, most guys in the tourney aren't fishing the harbor.
With that said, I have never fished the harbor from a yak. As a kid, I spent lots of time fishing the docks and from a dinghy there. Lots of sharks and rays all over. Good halis in certain areas, bass and rockfish on the structure, and even some juvi wsb. Cuda in the summer too.
Keep an eye out for the yachters with more money than brains/courtesy.
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