CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more than $258 billion are at risk of flash flood damage.
Reconstruction cost value is the cost to rebuild a property back to 100%, assuming complete destruction. Not all properties with elevated flash flood risk sustained flood damage. Any structures that were damaged may not have sustained 100% loss up to the full reconstruction value. The number of damaged properties will be a subset of the total 542,979 homes.
Figure 1: 24-Hour precipitation depths in Southern California (left); flood watch and warnings extend across much of California.
CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily