Venice Beach's loss is Hollywood's gain!

Lindsay Lohan's former Venice Beach neighbors are collectively letting out a huge sigh of relief since the drama riddled starlet has upped sticks and moved to the infamous Chateau Marmont in Los Angeles, RadarOnline.com is exclusively reporting.

As previously reported, Lohan is currently living for free at the famed hotel, and it's likely she won’t be missed in her old neighborhood.

PHOTO: LiLo Attends Jay-Z Concert Night Before Court

"Everyone is ecstatic that she moved," one ex-neighbor told RadarOnline.com. "Goodbye to her and all her drama.

New mom Natalie Portman showed off her adorable baby boy Aleph in Venice, California this weekend.

The Black Swan stunner wore sunglasses and a floral jumper strolling the beach town Saturday with her fiance Benjamin Millepied, who kept little Aleph close to his heart in a baby carrier. Portman’s parents, Shelley and Avner Hershlag, joined the couple.

Portman, 30, met Millepied, a choreographer, while shooting her Oscar-winning performance in Black Swan. She gave birth to Aleph this past June.

Fun fact: Aleph is the first letter of the Hebrew alphabet.

Actor Owen Wilson, his girlfriend Jade Duell and their adorable son Ford Linton were snapped in Venice, California on Wednesday and RadarOnline.com has the photos for you.

The quirky Midnight In Paris star wore a Honolulu trucker hat, baby blue shirt and navy blue shorts as he proudly held his infant. Duell walked a few paces behind, clad in a black shirt and denim shorts.

Lindsay Lohan is firing back at reports that she was spotted in Venice Beach yesterday buying something that looked suspiciously like an illegal substance from someone that gave her a Ziploc baggie.

Lindsay Lohan's powerhouse publicist, Steve Honig has denied his client was doing anything wrong and blamed the paparazzi agency that took the video as: “Knowingly and consciously making inferences about Lindsay that are completely untrue, and creating a fictitious story to get more people to visit their site.

“We were not given a chance to comment on this story before it went up, and no effort was made to gather the facts about what actually occurred.

File this under A for ADORABLE!

Proud parents Alanis Morisette and Mario "MC Souleye" Treadway were spotted out and about Wednesday with their gorgeous son, Ever, and RadarOnline.com has the super cute pics.

Both parents were beaming as they walked along trendy Abbot Kinney Boulevard in Venice, Calif. and it's no surprise considering the beautiful baby boy strapped to Alanis' chest.