Brangelina's New Home in Los Feliz

Brad Pitt and Angelina Jolie are packing up and leaving their beachfront compound in Malibu, California, for Los Angeles' trendy Los Feliz neighborhood. The couple and their three children - Maddox, five, Zahara, 19 months and Shiloh, three months - have only been back in the US for a short time following their extended stay in Namibia, but are already moving on.

Pitt has spent more than a decade buying and renovating in Los Feliz and has amassed a three-property compound. The brood is currently splitting their time between the two homes, but sources report Pitt intends to make Los Feliz the family's primary residence.

The architecture buff has reportedly invested an estimated $4 million in the properties, which include a stone house once occupied by "Elvira" actress Cassandra Peterson, a California Craftsman, and a post-and-beam property built in the 1950s. Pitt purchased the first of the three properties in 1994 and has been renovating ever since.

A source tells Us Weekly, "Brad's turned the compound into a Neverland-like place." The couple has turned a ballroom into a massive playroom and there is a pool and a large fountain in the center of the main house. According to a source, "It's meant to be a kids' paradise, where they can just run wild."

Tags : Angelina Jolie, Brad Pitt, Los Feliz, Cassandra Peterson, Elvira