A scorched plot of land in LA’s fire-ravaged Pacific Palisades neighborhood has sold for $1.18 million— nearly $200,000 over asking —despite being reduced to ashes by a devastating wildfire just weeks ago.

Property owners whose homes were damaged or destroyed by the fires in Los Angeles' Pacific Palisades and Altadena find themselves facing an impossible choice. Rebuild and expose themselves to the risk of another fire or sell their properties for

A burned lot in Pacific Palisades sells for $1.2 million, while the reopening of Pacific Coast Highway signals the return of normalcy for residents after storms and mudslide fears.