Earlier this year, Quibi founder Jeff Katzenberg sold his lavish Beverly Hills estate to WhatsApp’s Jan Koum for $125 million. The sale—which closed this summer—involved a 26,000 sq. ft. mansion on over six acres, a massive lot for the 90210, and followed another property out of Katzenberg’s portfolio, a 14,000 sq. ft. winter retreat in the Park City area which the tech billionaire sold in January of last year.

According to the Wall Street Journal, Katzenberg now has another home to hang his hat in, however: a spot in Trousdale Estates that looks to be more manageable than 26,000 sq. ft. of interior living space—about 20,000 sq. ft. more manageable, in fact. And pocketing the keys only required some $30 million investment, far less than the tens of millions and half a decade it took for Katzenberg to build his palace in Beverly Hills.

Not nearly so grandiose, but then grandiosity is fatiguing, and the new home—which was formerly owned by cosmetics exec William Lauder—is a 2020-built postmodern design with a midcentury soul, five bedrooms, and seven baths.

Katzenberg was formerly chairman at Walt Disney Studios. He also co-founded DreamWorks Animation. His producing credits include Aladdin, The Lion King, and Shrek. His net worth is estimated at $1 billion.

Lauder is executive chairman of The Estée Lauder Companies. His net worth is north of $3 billion.

Photo credit: Google Maps