The Foothill (210) Freeway was closed in both directions between the Golden State (5) Freeway on the west and the Glendale (2) Freeway and aren't expected to be reopened until at least later this morning. Residents living west of the 405 should brace for evacuations as well in the event the flames cross the freeway.
Firefighters from throughout Southern California were mobilized to fight the fires.
"This fire is very unsafe and spreading rapidly, but we'll continue to attack it with all we've got", Brown said, according to the Los Angeles Times. News videos show multiple homes are burning.
If the fire crosses the 405 freeway, it will hit one of the highest priced residential areas of Brentwood, she added.
Meanwhile, the Los Angeles Fire Department is also fighting the Creek Fire in the Sylmar and surrounding areas of L.A. County.
As homes are destroyed or damaged in the area, there will likely be an uptick in lease and rental demand, said Umansky, though the rental vacancy rate in Bel-Air and Brentwood area is very low.
Residents near Bel Terrace and North Sepulveda Boulevard raced outside their homes Wednesday morning as flames neared their homes. "I was going to die in this house", Beverly Freeman, 83, told the Los Angeles Times, as she's unsure her two-story gray house that she and her husband built three decades ago will survive.
Sepulveda Pass carries heavily traveled Interstate 405 through the Santa Monica Mountains between the western neighborhoods of Los Angeles and the San Fernando Valley to the north. Northbound lanes remain closed.
Nicknamed the Skirball Fire, it was reported at 5 a.m. near Mulholland Drive, a five-minute drive from the Skirball Cultural Center. A lot of the fire is topography-driven, which already becomes risky.
Our thoughts are with those affected by this terrible fire.
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