The Real Deal Los Angeles

David Geffen rumored to be selling Carbon Beach pad for $85M

The property had been on the market for $100 million
David Geffen and his Carbon Beach pad

David Geffen and his Carbon Beach pad

David Geffen is in contract to sell his highly sought after Carbon Beach pad for a whopping $85 million, according to several sources cited by Variety.

The music mogul assembled the compound, which comprises five adjacent parcels, over several decades starting in the 1970s. There’s a two-story shingled main residence, a separate guesthouse and a pool house on the property. Amenities include a screening room, a spa and nine garage bays.

A spokesperson for Geffen, who was rumored to have started shopping the property for $100 million last year, denied the sale to Variety. The identity of the rumored buyer is unclear.

Geffen’s portfolio comprises several LA homes, including a smaller Carbon Beach cottage that he bought for $9.8 million from restaurateur Peter Morton in 2008. [Variety]