Burnt LA Home Asking $1 Million Draws More Than 60 Offers (1)

On a cul-de-sac in Los Angeles’ Pacific Palisades, what was once a four-bedroom wood-and-stucco house is now a pile of rubble except for two chimneys and a few brick columns. The property went on the market 10 days after flames ripped through the community last month, with an asking price of $999,000.

More than five dozen offers later, it’s now in escrow for “a good chunk more” than $1 million, according to the agent who listed the property.

The demand for the site, which local real estate watchers say is one of the first to sell after the Palisades Fire, ...