Larry Ellison Acquires Single Family Home On Carbon Beach For $38M | 22506 Pacific Coast Highway | Kurt Rappaport, Judith "Judy" Zeder | Single Family Residence | Sale

Summary

Sale

CALIFORNIA

Single Family Residence

30,616 sqft

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.

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Players

All
4

Agents
2
Agencies
2

$1.4B Sold

$361.6M Sold

Details

Deal Summary

SOLD

IMAGE: Joel Silver and Larry Ellison DATE: 02/04/2018 ADDRESS: 22506 Pacific Coast Hwy CITY: Los Angeles MARKET: Carbon Beach ASSET TYPE: Single Family PRICE: $38,000,000 BUYER: Larry Ellison - Ceo of @Oracle SELLER: Joel Silver BROKER: Judy Feder (Seller) & Kurt Rappaport (Buyer) NOTE: The Silvers paid $14,375,000 in 2003. In the 1990s, the property was famously owned by Demi Moore and Bruce Willis. In the early 2000's it was owned by the Simpson's Matt Groening! Mr. Ellison is the 10th-richest human on the planet with a cool $56.3 billion to his name. He now owns a total of 12 beachfront homes in Carbon Beach ALONE. Since 2002, Mr. Ellison has spent $229,044,000 on his dozen Carbon Beach homes and that does not include his Carbon Beach commercial holdings, which push the value up to $300 million+ and include the super-trendy Nobu Malibu restaurant. (YLBB)

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Address22506 Pacific Coast Highway

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