This one’s no longer on the menu! After years waffling on and off the market, several price chops, many tears and at least one failed escrow, In-N-Out Burger billionaire Lynsi Snyder has finally succeeded in unloading her L.A. compound, as was first revealed by Mansion Global. The titanic spread, located in the guard-gated Bradbury Estates enclave in Bradbury, Calif., went for about $16.3 million in an all-cash deal.
While that figure is a huge sum of money — and among the highest prices ever paid for a home in L.A.’s San Gabriel Valley — the $16.3 million is also more than $1.1 million less than Snyder herself paid for the place nearly 10 years ago. Back in August 2012, she forked out just over $17.4 million for the Tuscan-style behemoth, which was built in 2010 by likely future baseball hall-of-famer Adrian Beltre. (Despite having sold this mansion to Snyder, Beltre still lives in Bradbury — he’s custom-built another huge estate just a few doors away.)
Naturally, the spendy buyer’s identity is shielded behind a mysterious LLC. But word on the hallowed streets of Bradbury is that the new owner is a cofounder of tech giant ServiceTitan. Founded by Armenian immigrants Vahe Kuzoyan and Ara Mahdessian in 2012, ServiceTitan has risen from obscurity to become one of California’s hottest tech startups; the company provides software designed to support blue-collar workers like plumbers, electricians and HVAC specialists. ServiceTitan is headquartered in the city of Glendale, only about 15 miles west of Bradbury Estates.
ServiceTitan remains a private company — for now — but has 1,600 employees and is reportedly valued at nearly $10 billion after raising a staggering $1.1 billion from investors. A much-rumored IPO in 2022 would potentially make both of its founders billionaires in their own right. As for Snyder, the only grandchild of In-N-Out’s founders, she’s already a certified member of the billionaires club — and one of the world’s richest women, to boot. Forbes says the Glendora, Calif. native is worth a hefty $4.2 billion.
We’ll have to wait a bit to see whether it was Kuzoyan or Mahdessian who bought the Bradbury estate, but both men have well-documented affinities for luxury real estate. Per records, Kuzoyan owns a multimillion-dollar mansion in Glendale, plus a sizable estate just off Malibu’s Pacific Coast Highway. Mahdessian also owns a sumptuous Glendale compound and a $4.6 million mansion in L.A.’s coveted Toluca Lake neighborhood.
No word yet about where Snyder is moving, but she’s reportedly been spending a significant amount of time in California’s Orange County. And a move to the OC would certainly make logistical sense, given that In-N-Out’s corporate headquarters are in Irvine; the area is also home to Snyder’s ex-husband Richard Martinez, with whom she shares custody of her two eldest children. Martinez, a former In-N-Out janitor, now lives in a lavish Newport Beach mansion owned by his new wife — insurance tycoon Adriana Gallardo.
In the meantime, Snyder still has several other homes: an oceanside getaway in Hermosa Beach, Calif., and a fortified ranch up north in the remote community of Shingletown, in California’s rugged Shasta County. She also still owns a charming Glendora cottage that was the final residence of her late grandmother, In-N-Out cofounder Esther Snyder. (Sometimes called the “mother of the American drive-through,” it was Esther Snyder who popularized the relatively unknown concept of a drive-through restaurant in the late 1940s and early ’50s.)