The destructive Palisades and Eaton wildfires in January have led to estimated real estate losses exceeding $30 billion in Southern California. Analyzing Cal Fire assessments against Los Angeles County Assessor records, the Los Angeles Times found that 16,249 structures were damaged, including 11,500 homes. Notably, the fires obliterated over half of properties in Pacific Palisades and Altadena, displacing around 13,000 households. Many affected residences were luxury homes, significantly raising the estimated costs associated with the destruction.
A new analysis carried out by the Los Angeles Times reveals that the Palisades and Eaton fires caused over $30 billion in real estate losses in Southern California.
The January wildfires destroyed 16,249 structures, including approximately 11,500 homes, and displaced 13,000 households across Los Angeles County.
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