Pop music impresario and entertainment-industry czar David Geffen has been selling off his Malibu property of late. He let go of his massive, legendary compound on Carbon Beach earlier this year, and listed this cottage a few doors down, which recently sold, about two months ago with an asking price of $9 million.

The diminutive beach getaway, which the golden-eared executive probably used as a guest house, has sold as well. The compound sold for a stout $85 million, which may make the seven-figure selling price for the house in question a little less dramatic.

What does nearly ten million dollars buy you on Carbon Beach these days? A soon-to-be vacant houselot. Geffen paid almost a million more than the current asking price for the property almost ten years ago, plunking down $9.8 million for it in 2008. It’s a style which is quickly becoming an anachronism in this part of Malibu: a cottage resonating with 1960’s California surf culture.

A modest vacation cottage from a long-ago era, the house construction dates to the mid-1950’s. A simple, functional design, it measures 1,473 square feet, and contains two bedrooms and two baths in a discrete, guest-house suite configuration. The common living area is open-concept, with a fireplace contributing the home’s only source of atmosphere. The hardwood deck jutting out from the façade extends along the 45 feet of frontage on the beach.

Geffen, arguably the most powerful executive of the record industry’s golden years, has donated hugely to his home state in recent years, endowing $300 million to the University of California system.