BRENTWOODEvan Spiegel, the 24-year-old Stanford dropout, who is the co-founder and CEO of Snapchat, moved out of his dad’s house in Pacific Palisades and into a multi-million dollar Spanish-style estate on Tiyopa Drive.

Built in 1928, the Brentwood home, which had been previously owned by actress Julia Ormond, has been thoroughly remodeled since. It offers four bedrooms and three bathrooms within nearly 2,800 square feet of space.

Amenities include a hot tub, an outdoor fireplace and an expansive backyard. In 2012, the property was sold for nearly $2.6 million. It was recently sold to Spiegel for approximately $3.3 million.

Snapchat, is an application that allows users to send pictures and videos (“snaps”) to their friends; the snaps disappear seconds later. According to CNet, over 400 million “snaps” are sent every day. Mark Zuckerberg, the founder and CEO of Facebook famously offered $3 billion to acquire Snapchat–an offer seemingly too good to decline,  but not good enough for Spiegel, whose vision for the company has been substantiated by the app’s current value at nearly $10 billion.