In January 2025, wildfires devastated Los Angeles County, particularly Malibu. This has created unique real estate opportunities along the Pacific Coast Highway, with wildfire-scorched lots on the market. The total cost of the fires is estimated between $52 billion and $57 billion. Properties in Malibu have a median listing price of $1.5 million for lots and $7.3 million for homes. Despite the interest, the rebuilding process is slow, with only 154 permits issued from 868 plans, indicating challenges ahead for potential buyers and investors.
The total cost of the Palisades and Eaton fires is estimated to be between $52 billion and $57 billion.
With a median listing price of $1.5 million for lots in Malibu and $7.3 million for single-family homes, investors and buyers with substantial capital are eyeing these opportunities for development.
Notable properties for sale include the lot at 19130 Pacific Coast Highway listed for $6 million, offering a rare triple-lot with ocean frontage and development potential.
The slow pace of the rebuilding process in L.A. County, with only 154 building permits issued out of 868 building plans in progress, poses challenges for buyers looking to reconstruct or develop properties in the area.
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