A luxury real estate agent known for showcasing his lifestyle with high-end cars and extravagant properties has been found guilty after being accused of exploiting wildfire victims in search of housing. Mike Cobisi, who brands himself as “Mr. La Canada,” was recently ordered by California Attorney General Rob Bonta to serve one year of probation, complete 100 hours of community service, attend mandatory ethics training, and pay $20,000 into a disaster relief fund.
Bonta emphasized that the case should serve as a warning to those attempting to take advantage of individuals who have already suffered extensive losses. He stated that his office will continue to pursue those looking to profit off the misfortunes of others.
This situation arose in the wake of catastrophic wildfires in January 2025, which displaced numerous residents in areas like Altadena and Pacific Palisades. Cobisi initially faced allegations of breaching California’s emergency price gouging laws, but according to his attorney, Dale Galipo, he was also convicted of a misdemeanor for false advertising.
Galipo referred to the case as “unfortunate,” suggesting that Cobisi didn’t benefit financially from the incident, and expressed relief at the resolution.
The investigation began when a couple, whose home was destroyed in the Eaton fire, sought to rent a property listed by Cobisi. After submitting their application, they discovered that the rent had increased by 38% from what was originally advertised. They decided against renting the property and reported this to the Attorney General’s office.
At one point, Cobisi defended himself, asserting that he felt he should have been compensated rather than accused of wrongdoing. It’s worth noting that the details regarding the eventual dismissal of some price gouging charges remain unclear.
California’s emergency price gouging laws limit landlords from upping rental prices by more than 10% above pre-disaster rates during emergencies. Further inquiries into why those charges were dropped have yet to be addressed.
Cobisi is also required to write a letter of apology to the couple affected. Many other landlords and real estate agents have faced similar charges for violations related to rent increases in the aftermath of the fires, although those cases have not yet been resolved.
Tenant advocacy group The Rent Brigade has criticized the enforcement efforts, reporting they’ve identified thousands of rental properties that may be violating emergency regulations, while only a small number of cases have led to prosecution. Rental price protections in Los Angeles County post-fire were in effect for about 16 months before being lifted in May.
