Investors have become major buyers of housing lots in the neighborhoods hardest hit by the January 2025 California wildfires, accounting for roughly 40 percent of all lots sold in the most affected ZIP codes. An analysis of county records shows that in Pacific Palisades, investors purchased 48 of 119 lots, or 40.3 percent, sold in the third quarter of 2025 — compared with zero lot sales of any kind a year earlier, Redfin News reported. In Altadena, investors bought 27 of 61 lots (44.3 percent), also up from zero the prior year. And in Malibu, investors purchased 19 of 43 […]
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