Tech Investor Wants $150 Million for California ‘Beach Bungalow’

A California mansion that spurred neighborhood turmoil when it was built is going on the market for $150 million. 

The seller of the roughly 12,640-square-foot beachfront home in Manhattan Beach is tech investor Rob DeSantis, who co-founded software company Ariba and was an early investor in LinkedIn. He purchased three adjacent lots in Manhattan Beach, a coastal city about 20 miles from Los Angeles, for approximately $13 million around 2000, he said, and then spent several years designing a seven-bedroom home and pool.