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Wildfires place 9,500 rental units in peril, exacerbating Los Angeles housing crisis

Consisting mostly of older, smaller stock, destroyed multifamily units face difficult rebuilding odds
Many of the multifamily properties affected by the wildfires are overwhelmingly small-scale buildings that counted as affordable for the region. Nearly 75% of the buildings contain fewer than 15 units and have an average age of 71 years. (Getty)
Many of the multifamily properties affected by the wildfires are overwhelmingly small-scale buildings that counted as affordable for the region. Nearly 75% of the buildings contain fewer than 15 units and have an average age of 71 years. (Getty)
CoStar Analytics
January 27, 2025 | 7:16 P.M.

After scorching thousands of acres across Los Angeles County, the Eaton and Palisades wildfires have devastated a significant portion of the county’s aging rental housing stock, underscoring a brewing crisis in one of the nation’s tightest housing markets.

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