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- Founder of Vivint, Inc
High-flying “Undercover Boss” star and ex-Vivint CEO Todd Pedersen has landed in Los Angeles, where he’s planning to make an already smart home even smarter. The Utah-based home security tycoon and his longtime wife Andie paid $4.3 million for a slick property in the trendy Beverly Grove neighborhood near West Hollywood and Melrose Avenue, though they likely won’t be living there. The house was acquired for their daughter Sydney Knox — one of the couple’s five children — and her husband, who were married in an extravagant 2019 wedding complete with a reception in a private jet hangar.
Built new in 2020, the boxy contemporary packs five bedrooms and six bathrooms into 5,600 square feet, all of it uniformly modern and open, with vast entertaining spaces and Fleetwood walls of glass. Walled and gated for privacy, the house makes a colorful opening statement with its rainbow zebra sculpture in the foyer, though the remainder of the structure is mostly a study in soothing neutrals and blonde hardwood.
The listing notes that the property is equipped with “high-end media and security devices,” though it’s unclear if that equipment includes technology from Vivint, one of the world’s leading smart home automation/security companies. In any case, the property has decor curated by Italian tastemakers Chimera Interiors, an Italian-design dream kitchen, multiple fireplaces and an upstairs primary suite with two bespoke closets — both of them with LED backlighting — and a private terrace.
While it’s not especially big, the yard includes an illuminated plunge pool and wee patch of AstroTurf for maintenance-free peace of mind. And there’s a full rooftop deck, also finished in AstroTurf, with city views. Best of all, the property is walking distance to some of L.A.’s hottest restaurants and shopping destinations.
Pedersen, 53, cofounded Vivint in 1999 and grew the Provo, Utah-based company into a behemoth, with more than 1.5 million customers in the U.S. and Canada alone. The devout Mormon sold Vivint for $2 billion in 2012 to the Blackstone Group but remained CEO until earlier this year, when he officially stepped down. The Pedersen family currently resides primarily in Orem, Utah, where they own a snazzy contemporary mansion set on 1.3 acres.
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