First burned-down plot in Altadena in escrow with $100,000 over asking price

First burned-down plot in Altadena in escrow with $100,000 over asking price
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First burned-down plot in Altadena in escrow with $100,000 over asking price
Author: Cecilia Nowell
Published: Feb, 12 2025 23:05

Summary at a Glance

After the Eaton fire tore through Altadena last month, residents of the historically Black Los Angeles neighborhood – many of whom had purchased their homes decades earlier – began putting up signs declaring: “Altadena is not for sale.”.

But many in the Altadena community worry sales of properties after the Eaton fire will lead to gentrification in the historically diverse neighborhood.

He added that the previous owner of the lot, who paid $960,000 for the two-bed, two-bath home in 2023, “didn’t want to take on the enormous project of rebuilding the home”, although he noted that others in Altadena shouldn’t feel rushed to sell.

The Eaton fire, which destroyed more than 9,400 structures, killed at least 17 people, many of whom were reluctant to flee homes that had been in their families for generations.

Eaton fire destroyed more than 9,400 structures in the neighborhood while residents mourn loss of community.

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