The stretch of beach got the nickname from its wealthy neighbors, including David Geffen, Jeffrey Katzenberg, Larry Ellison and Paul Allen.
Azoff is executive chairman of Live Nation Entertainment and the founder of Azoff Music Management Group. He has represented singers including Christina Aguilera, Jewel, Seal and David Archuleta.
Liner is managing and co-founding partner of Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor.
Public records show Azoff bought the house in 2004 for $8,309,500.
Judy Feder, Drew Fenton and Justin Huchel of Hilton & Hyland represented the sellers. The buyers were represented by Barbara Boyle of Sotheby's and Lenny Goldsmith of Pritchett Rapf & Associates.