Eli Broad

David Geffen unloads home on Billionaires’ Beach for $8 million

David Geffen unloads home on Billionaires’ Beach for $8 million

Music and movie mogul David Geffen, fresh off the $85-million sale of his Malibu compound, has sold another home in the beach community for $8 million, according to the Multiple Listing Service.

The oceanfront home, built in 1956, sits on “Billionaires’ Beach,” a stretch of the Pacific Coast Highway known for wealthy homeowners such as Larry Ellison, Eli Broad and Jeffrey Katzenberg.

Entered through a gated courtyard, the 1,473-square-foot house includes a living room with a fireplace, a kitchen, two bedrooms and two...

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