One person, three roles: Chris Cortazzo buys $20M Malibu home, serves as agent for both sides

Los Angeles /
Oct.October 20, 2020 08:00 AM
Chris Cortazzo (Credit: Marc Piasecki/GC Images via Getty Images)
Chris Cortazzo (Credit: Marc Piasecki/GC Images via Getty Images)

In the 1996 movie “The Nutty Professor,” Eddie Murphy plays title character Sherman Klump, the entire Klump family, and Klump’s evil alter ego, Buddy Love.

But even Murphy didn’t play as many roles as Chris Cortazzo when it comes to Malibu luxury home deals.

The Compass agent/land investor is at again, purchasing a 3,556-square-foot home at 28936 Cliffside Drive in Malibu for $20 million, according to Los Angeles County property records.

Cortazzo also represented the seller, the JW Seybold Family Trust. And Cortazzo is noted by the Multiple Listings Service as representing the buyer on the deal — in other words, representing himself.

Unclear is what commission Cortazzo and Compass collect on such sales. Both Cortazzo and a spokesperson for the brokerage declined to comment.

The 28936 Cliffside Drive purchase comes just a month after Cortazzo sold for $39 million a home on the very same block in Malibu’s Point Dume neighborhood, at 28848 Cliffside Drive. Cortazzo repped himself as the seller in that deal, though Westside Estate Agency’s Kurt Rappaport negotiated for the unidentified buyer.

Also, Cortazzo represented himself in another Malibu home deal last month, selling an abode at Bonsai Drive for $9.9 million. Cortazzo’s Compass colleague, Alexander Pureval, represented the buyer.

Not including his most recent purchase, PropertyShark pegs Cortazzo as the true owner of 12 single-family properties, eight of which are in Malibu and two a few miles east in Venice and West L.A. (Cortazzo also owns homes in Tampa, Florida, and Reading, Pennsylvania.)

The data does not account for Malibu properties that Cortazzo has recently sold.

Arguably Compass’s biggest L.A. recruit, Cortazzo came over from Coldwell Banker in August of last year.

He has maintained an elite sales pace with Compass, leading all L.A. County agents in on-market home sales for the six months of 2020. Cortazzo’s end-of-the-year sales volume numbers will be boosted by multiple sales the agent has done on his own behalf.


Related Articles

arrow_forward_ios
Avril Lavigne and 6453 Guernsey Avenue (Getty, Realtor)

Avril Lavigne buys Malibu home Scott Gillen rebuilt

Avril Lavigne buys Malibu home Scott Gillen rebuilt
Dana Olmes and Jeffery Biebuyck (Getty, Dana and Jeff Luxury Homes)

This Side up: White label brokerage plucks luxury team from Compass

This Side up: White label brokerage plucks luxury team from Compass
Robert F. Smith and the property (Credit: Google Maps)

Billionaire investor lists Malibu pad after buying Elin Nordegren’s former SoFla properties

Billionaire investor lists Malibu pad after buying Elin Nordegren’s former SoFla properties
Steve Levitan and the home (Credit: Jason LaVeris/FilmMagic via Getty Images and Google Maps)

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad
Nile Niami and his Bel Air spec home (Credit: Araya Diaz/Getty Images, Juwan Li and Marc Angeles)

Compass lending service sues Nile Niami over Bel Air mansion

Compass lending service sues Nile Niami over Bel Air mansion
Pierce Brosnan (Credit: Andreas Rentz/Getty Images)

$99M is not enough: Pierce Brosnan lists Malibu manse at massive price

$99M is not enough: Pierce Brosnan lists Malibu manse at massive price
From left: Tami Halton Pardee, Chris Cortazzo, and Kurt Rappaport (Credit: OGUT/Star Max/GC Images via Getty Images, Joshua Blanchard/Getty Images, and Anne Cusack/Los Angeles Times via Getty Images)

LA’s market makers: A ranking of top resi agents by on-market deals

LA’s market makers: A ranking of top resi agents by on-market deals
Eli Broad and the house (Credit:: Mathew Imaging/WireImage via Getty Images, and Google Maps)

Eli Broad’s $75M Malibu beach house listing got another price chop

Eli Broad’s $75M Malibu beach house listing got another price chop
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...