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Powerball Winner Edwin Castro Buys 15 Burned Altadena Lots to Rebuild Homes

He says the decade-long effort will deliver Craftsman-style houses for owner-occupants rather than rental investors.

Overview

  • Castro has spent about $10 million acquiring roughly 15 fire-scorched parcels in his hometown following January’s Eaton and Palisades fires.
  • He has submitted permit applications for the first two three-bedroom Craftsman-style homes that include additional dwelling units.
  • The 33-year-old former architecture consultant says he does not plan to purchase more properties and views the project as a personal 10-year rebuild.
  • Local reaction is divided, with a petition reported at nearly 1,500 signatures seeking to restrict investor purchases of burned lots.
  • Altadena lost an estimated 9,000 structures in the fires, and rebuilding across the area remains slow due to insurance disputes and permitting hurdles.