Only 20 tickets to the Intimate Roundtable Discussion were sold, but each cost over $32,000.
The president was in town to raise money for the Democratic National Committee. As usual, his arrival meant several street closures, which were handled well by drivers, authorities said Wednesday.
Mr. Obama's first stop was a fundraiser at the Bel Air mansion of Disney studios Chairman Alan Horn, where Mr. Obama gave a speech. He also received the Ambassador of Humanity Award from the USC Shoah Foundation, founded by Steven Spielberg. Nancy Pelosi and Harry Reid also spoke to the crowd, and Bruce Springsteen performed.
Next, the president will depart Los Angeles International Airport for San Diego, and then the Silicon Valley. He is set to attend a fundraiser hosted by Anne Wojcicki, a biotech engineer who founded 23andMe, an event hosted by Yahoo CEO Marissa Mayer.
The Associated Press contributed to this report.