According to reports, neighbors identified the body found at the Lookout Mountain Avenue property as belonging to William Rothschild.

An heir to the prominent Rothschild family has died after a house fire broke out at the Laurel Canyon house. William Rothschild's body was found in the $1 million home in Los Angeles on Friday. The Rothschilds are a prominent Jewish family who emigrated from Germany and had long been staples in the banking world most notably during the 18th and 19th centuries.

Fire crews discovered a man’s body inside the Hollywood Hills home after they were called to battle the blaze just after 4.30 p.m. on Wednesday, the Los Angeles Fire Department said.