Media mogul David Geffen has paid $9,800,000 for a 1,473-square-foot house on the Pacific Ocean in Malibu, Calif. that is just a few doors away from his massive beachfront compound. The Los Angeles Times’ Ann Brenoff broke the story yesterday of Geffen’s purchase of the house, which is at 22050 Pacific Coast Highway in Malibu, from Hard Rock Café co-founder Peter Morton. Brenoff reported that Geffen “recently spent about $10 million” on the house, which sits on 45 feet of beach. Our review of public records shows that Geffen’s exact purchase price was $9,800,000, and that he bought the beach house through his Barham Trust on January 14, with the deal being recorded on February 21. As Brenoff noted, Geffen actually repurchased the house, since he had owned it once before. Records show that he paid $1,230,000 for it in March 1996, and that he sold it in July 1998 for an undisclosed price to Creative Artists Agency president Richard Lovett. In selling to Geffen, Morton actually took a loss on the house, since he purchased it in February 2007 for $10,500,000, according to public records. Geffen’s longtime beachfront compound, where he zealously but unsuccessfully fought earlier in this decade to prevent public access to the beach, is at 22108, 22114, 22126 and 22132 Pacific Coast Highway in Malibu. There is some intervening property between the beach house that he just purchased and his compound. According to public records, the following properties all lie between Geffen’s most recent acquisition and his beachfront compound: the 2,972-square-foot house at 22058 Pacific Coast Highway, the 1,425-square-foot house at 22062 Pacific Coast Highway, the 3,215-square foot house at 22068 Pacific Coast Highway, rock and roll manager Irving Azoff’s 3,552-square-foot house at 22070 Pacific Coast Highway, and the 3,764-square-foot house at 22102 Pacific Coast Highway.