After L.A. fires, 40% of vacant lots sold to investors; in Pacific Palisades, 48 of 119 lots bought by investors.

In areas affected by the January 2025 California wildfires, real estate investors are acquiring approximately 40% of the land being sold, as per a recent report by Redfin. Specifically, in the 90272 zip code (Pacific Palisades), investors purchased 48 out of the 119 lots sold in the third quarter, accounting for 40.3% of the transactions. This figure marks a significant increase from the previous year when no lots were bought by investors or other buyers. Additionally, in the 91001 zip code (Altadena), investors were also active in making purchases.