In fact, the former President Barack Obama speechwriter and current co-host of the podcast "Podcast Save America" is moving to the coveted Windsor Square neighbourhood.
As such, he is unloading the gorgeously renovated Los Angeles nest he bought for $3.5 million in 2020.
Favreau is putting the four-bedroom, five-bathroom, 3,400-square-foot home up for sale for $4.4 million.
It features an ocean-inspired palette of blues, greens and whites, as well as blonde wood floors.
The home is over 100 years old and has solid bones, but the updated exterior makes it a standout.
Beamed ceilings, sunny windows and a beach-coloured palette provide a Southern California vibe.
A central hall anchors the main room and an open floor plan flows nicely into the kitchen and backyard.
Glass doors connect the interior spaces to the exterior, which includes a pool, spa and pool house.
An attractive home office has bookshelves painted in a beautiful forest green.
The master bedroom suite has a small balcony and a nearby bonus room that can be used as a playroom or additional sleeping space.
Favreau was one of the youngest speechwriters ever to work in the White House, at the age of 27.
He was also, along with several other former Obama staffers, the founder of the progressive political media company Crooked Media.
According to news reports, Favreau's new home is more than twice as expensive as his current one, as he paid just under $10 million to obtain it.