LA COUNTY WILDFIRES: Palisades fire will impact South Bay real estate
by Mark McDermott The term “housing crisis,” so often used to describe California’s housing shortage, just took on new meaning for the thousands of families who lost homes in the Los Angeles County wildfires in the last week. Many of the 5,000 left without homes in Pacific Palisades are looking for temporary and permanent new homes in the South Bay generally, and very specifically in Manhattan Beach. Local Realtors have been involved in the mad scramble to help find these families homes. Before the fire, Pacific Palisades and Manhattan Beach were very similar communities — affluent beach towns with great schools, nicely situated close to LA, but not too close. Now one of the communities has essentially ceased to exist, and its residents are looking south towards Manhattan Beach, both for leases and for purchase. “I spent a chunk of yesterday trying to place a family of five,” said Dave Fratello, a broker who runs the Edge Real Estate Agency, specializing in Manhattan Beach. “They needed four bedrooms or more, preferably furnished, but you know — can’t be too picky. Every single property that could possibly have suited them in Manhattan Beach was taken, with more than a dozen…
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