Big real estate week for insanely-overvalued sexting app Snapchat--cofounder Bobby Murphy bought a $2.1-million house in Venice and now the company's old office on Ocean Front Walk is up for rent again (Snapchat has moved over to a more warehousey space on Market Street). The 1901 bungalow, aka Blu House, was last home to marijuana dispensary Venice Kush Clubhouse, which closed in 2010. In spring 2012, the still-empty space was asking $18,882 a month according to Yo! Venice!; Snapchat moved in in early 2013. Now Blu, which comes with "lots of natural light," vaulted ceilings, and a parking lot, is asking $16,800 a month.
· 523 Ocean Front Walk [Loopnet]
· Snapchat Cofounder Just Dropped $2.1MM On A House In Venice [Curbed LA]