Key Facts About the Fires' Impact:

1. Overall Damage and Scope:

- Estimated $30 billion in real estate damage

- Total economic impact could reach $272 billion (AccuWeather estimate)

- Destroyed structures in 56% of Pacific Palisades properties

- Nearly half of Altadena properties destroyed

- Almost 13,000 households displaced

2. Types of Properties Affected:

- Nearly 9,700 single-family homes and condominiums

- About 700 apartment units

- Over 2,000 duplex and bungalow court units

- 373 mobile homes

- More than 300 commercial buildings

- Churches, schools, and hospitals also affected

3. Rental Housing Impact:

- Approximately half of destroyed single-family properties were likely rentals

- 770 rent-controlled units destroyed in Pacific Palisades

- Significant loss of affordable housing, particularly in historic bungalow courts

- Questions about whether rebuilt units will maintain rent control status

4. Property Values:

- Pacific Palisades median value: $3.7 million

- Altadena median value: $1.2 million

- 79 homes valued at over $10 million in Palisades fire zone

- Over 2,400 homes in Altadena valued at over $1.5 million

5. Financial Impact on Government:

- $61 million or more in annual tax revenue losses while rebuilding

- 18 school and community college districts affected

- Los Angeles County: $13 million annual loss

- City of Los Angeles: $9 million annual loss

- Tax payment deferrals allowed until April 2026

6. Recovery Challenges:

- Rebuilding could take 5-6 years or longer

- Reference to 2018 Woolsey fire: only 52% of destroyed properties rebuilt by 2024

- Construction costs expected to rise due to high demand

- Some property owners lack adequate insurance for rebuilding

- Concerns about maintaining affordable housing during reconstruction