A foreign investor has quietly gobbled up 9 oceanfront lots in Malibu for $65 million.

A foreign investor has quietly gobbled up 9 oceanfront lots in Malibu for $65 million following the January wildfires.

The investor reportedly assembled a team to track down owners because the "desirable" sites weren't publicly listed.

"He started building a team on his end of expediters, architects and kind of figured out what the best size lots and frontage would be to build on to eventually resell," said the agent, Weston Littlefield of the Weston James Group, to Realtor . com.

"I’d say probably about 50% had sentimental value to their properties just based on memories, or their parents passed it down to them."

"But a lot of them, ultimately, just didn’t want to go through the rebuilding process because of how long they knew it was going to take to really come back."

Infuriating.