Larry Ellison Acquires Single Family Home On Carbon Beach For $38M

Joel Silver has sold his property located at 22506 Pacific Coast Hwy in Los Angeles' Carbon Beach. The single-family home was purchased by Larry Ellison, CEO of Oracle, for a sale price of $38,000,000.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $38,000,000
• Address: 22506 Pacific Coast Hwy, Los Angeles
• Market: Carbon Beach

The transaction was facilitated by brokers Judy Feder, representing the seller Joel Silver, and Kurt Rappaport, representing the buyer Larry Ellison.

It is worth noting that the Silvers originally purchased the property in 2003 for $14,375,000. Prior to their ownership, the property had notable previous owners, including Demi Moore and Bruce Willis in the 1990s, and Matt Groening, creator of The Simpsons, in the early 2000s. Larry Ellison now owns a total of 12 beachfront homes in Carbon Beach, with his combined investment reaching over $229,044,000.