Investors Scoop Up 40 Percent of Vacant Lots Sold After Los Angeles Fires: Report

Meanwhile, fire zone housing value tops $46 billion, according to a new Zillow analysis.

The cleared, vacant lots of homes burned during the Palisades fire are seen in the Pacific Palisades neighborhood of Los Angeles on June 9, 2025. John Fredricks/The Epoch Times

Almost a year after January’s devastating California wildfires, real estate investors have been buying up nearly 40 percent of the land sold in the areas affected by the fires.

A Dec. 30 report from Redfin states that many of these now-empty lots once retained some of the nation’s most expensive homes, before they were reduced to rubble when the fire ripped through more than 40,000 acres and destroyed more than 11,000 single-family homes in the Los Angeles suburbs.