Silicon Beach techies are moving further inland to Brentwood

“No one wants to be picketed at their house”

Los Angeles /
Nov.November 07, 2017 04:00 PM

So long to the hippies in Venice and the tourists in Santa Monica — Silicon Beach elites are now opting for family-friendly Brentwood.

The “bros” of Silicon Beach are increasingly choosing Brentwood, a wealthy (and more inland) neighborhood home to sprawling estates, rather than the oceanside cities of Playa del Rey, Venice and Santa Monica, according to The Hollywood Reporter.

In the last decade, Silicon Beach has grown to be a respectable technology hub as Snap Inc., Tesla, Riot Games, Google and Yahoo settled on the sandy coast.

Its presence in Venice — largely driven by Snapchat’s unique real estate strategy of having several offices as opposed to single headquarters — has led to much neighborhood backlash, involving petitions and rallies against the social media company.

Aside from escaping the complaining neighbors, those in the C-suite are also finding they can get more for their buck over in Brentwood, especially considering prices are breaking records and inventory is dwindling in the adjacent areas to the west.

“Most of these people have families, so they want bigger pieces of land,” Santiago Arana of the Agency told THR. “No one wants to be picketed at their house,” added Halton Pardee and Partner’s Tami Pardee, who said privacy is a top concern for the founders, who have become the targets of gentrification protests in Venice.

Among those settling in to the quiet neighborhood are Snap’s Evan Spiegel and his supermodel wife Miranda Kerr, who dropped $12 million for a residence behind the esteemed Getty Museum. Zillow founder Spencer Rascoff snagged a Brentwood Park mansion for $20 million last year, just under what Riot Games executive Brandon Beck paid for his $21.5 million mansion in 2015. Tesla founder Elon Musk, Snap chairman Michael Lynton, Disney executive Sean Bailey and Yahoo executive Mickie Rosen also own homes in the zip code. [THR]Natalie Hoberman


Related Articles

arrow_forward_ios
Blake Griffin and 256 N. Barrington Ave. (Getty, Realtor)
Blake Griffin adds to his home court advantage in Brentwood
Blake Griffin adds to his home court advantage in Brentwood
Michael Gross and the house (Credit: David M. Benett/Dave Benett / Getty Images, and Google Maps)
A former top WeWork exec asks $32M for Brentwood mansion
A former top WeWork exec asks $32M for Brentwood mansion
Jesse Weinberg
Whose sale is it anyway? Keller Williams targets former top agent for advertising past deals
Whose sale is it anyway? Keller Williams targets former top agent for advertising past deals
Jesse Weinberg
Whose sale is it anyway? Keller Williams targets former top agent for advertising past deals
Whose sale is it anyway? Keller Williams targets former top agent for advertising past deals
Prince Harry and Meghan Markle (Credit: Chris Jackson/Getty Images)
Harry and Meghan on the hunt for a mansion in the hills
Harry and Meghan on the hunt for a mansion in the hills
Jesse Weinberg
Top Keller Williams agent bolts to start own Westside brokerage
Top Keller Williams agent bolts to start own Westside brokerage
A Brentwood fire came at Douglas Emmett owned building
Brentwood high-rise fire comes after owner sued for negligence
Brentwood high-rise fire comes after owner sued for negligence
Anna and David Solomon with the Douglas Elliman's Beverly Hills offices at 150 El Camino Drive (Credit: Solomon Property Group, Google Maps)
Oh, mother: David Solomon leaves Agency for Elliman
Oh, mother: David Solomon leaves Agency for Elliman
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...