The buyer pool of burned lots in Southern California’s rebuild is rapidly growing. Last week saw a diverse group of investors, including traditional developers, toymakers and even a California Lottery winner. What’s at stake is laying claim to part of a historic, multi-community rebuild. So far, over $84 million has been pumped into Altadena, Malibu and the Palisades by investors, based on a comb through property and state records. Unlike Altadena and Malibu, the Palisades has yet to see a similar level of multi-lot purchasing. Palisades veteran Anthony Marguleas of Amalfi Estates last reported that multi-lot sales from syndicates are […]
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