Woolsey Fire Destroyed Over 400 Homes in Malibu — a Total Market Value of at Least $1.6 Billion
Destructive wildfires are regular events in Malibu, but last month’s Woolsey fire could prove to be the worst ever to strike the upscale coastal community.
At least 670 structures were destroyed inside the Malibu city limits, including more than 400 single-family homes with an estimated market value of at least $1.6 billion, according to an analysis of aerial imagery and property records conducted by The Times and Zillow, the real estate website.
“There’s so much destruction,” said Chris Cortazzo, a Malibu real estate agent, who lost his home on Mulholland Highway, just outside the city. “Everyone’s a little shell-shocked.”
Los Angeles County emergency officials and state fire investigators haven’t released an official damage assessment of structures in Malibu. The Times identified destroyed buildings using property data and post-fire aerial footage released by Vexcel Imaging, a company that mounts cameras to fixed-wing airplanes and flies over areas after natural disasters.
Read the full story on LATimes.com.