Snapchat CEO Evan Spiegel finally moved out of his father's house.
Spiegel, 24, had the funds to move out - he turned down a $3 billion cash offer from Facebook and a $4 billion bid from Google - but was enjoying living with "cheap rent" at dad's.
He jokingly told The Associated Press previously in an interview that he was going to stay in his father's multimillion dollar house in the Pacific Palisades "until he kicks me out."
There was no word if the CEO was kicked to the curb, but Spiegel bought a house less than four miles from his father's in an off-the-market deal, Variety reported.
The real estate Spiegel purchased was last listed in July 2013 on the open market for $3.4 million, Variety reported. When it didn't sell it was put up as a fully or partially furnished rental for $16,000 per month.
The residence was purchased for $3.3 million via blind trust according to property records.
The house is a 1920s Spanish-style abode with three bedrooms and 2.5 bathrooms. The house is 2,842 square feet.