Lori Loughlin, Mossimo Giannulli asking $29M for Bel Air estate

The couple, facing charges in the USC admissions scandal, are looking for a buyer

TRD LOS ANGELES /
Jan.January 31, 2020 05:34 PM
Lori Loughlin and Mossimo Giannulli are reportedly trying to sell their Bel Air estate

Actress Lori Loughlin and fashion designer Mossimo Giannulli are trying to unload their estate next to the second hole of the Bel Air Country Club as the couple faces criminal charges emanating from the college admissions bribery scandal.

TMZ first reported that the 12,000-square-foot home is hitting the market, as a $28.7 million pocket listing with The Agency’s Arvin Haddad, co-star of the new CNBC show “Listing Impossible.” Haddad declined to comment.

Loughlin was the star of the 90s sitcom “Full House”, and Giannulli founded his eponymous clothing company, Mossimo. The couple pleaded innocent to money laundering charges stemming from the allegation that they paid $500,000 to the University of Southern California to ensure their daughters’ acceptance into the private Los Angeles university.

A trial is scheduled for October, and the couple faces 45 years in prison each if they are found guilty.

A source close to the couple told TRD that the Bel Air abode is not being shopped due to financial pressures stemming from a lengthy criminal case. Instead, Giannulli is a prolific buyer and seller of tony Los Angeles property, who enjoys designing estates, and refashioned the Bel Air property into a Mediterranean style abode.

Loughlin and Giannulli paid $13.9 million for the six-bedroom house in 2015. Two years later, they listed the estate for $35 million but took it off the market in July 2018.


Related Articles

arrow_forward_ios
Jason Oppenheim and Josh Flagg (Credit: Alberto E. Rodriguez/Getty Images and iStock)

Pent-up demand lives! L.A. County home deals up year-over-year

Pent-up demand lives! L.A. County home deals up year-over-year
Frederik Eklund and a rendering of 8899 Beverly Boulevard (Getty, building courtesy of 8899 Beverly)

In tough market, West Hollywood condo developer plans $100M listing

In tough market, West Hollywood condo developer plans $100M listing
Mohamed Hadid and Mike Feuer, with the mansion (Credit: Rochelle Brodin/Getty Images, and Earl Gibson III/Getty Images)

Still standing: Demolition of Hadid mansion hits impasse

Still standing: Demolition of Hadid mansion hits impasse
An illustration of Fortress Investment Group CEO Wesley Edens (Credit: Craig Barritt/Getty Images, and Zillow)

Do I hear $90M? Fortress now wants to auction Hearst estate

Do I hear $90M? Fortress now wants to auction Hearst estate
Mauricio Umansky and the office (Credit: Google Maps)

The Agency closes Palm Springs office amid larger cuts

The Agency closes Palm Springs office amid larger cuts
LeBron James and the home at 9955 Beverly Grove Dr.

Another palace for the king: LeBron James buys Beverly Hills mansion: sources

Another palace for the king: LeBron James buys Beverly Hills mansion: sources
Ardie Tavangarian and Elon Musk (Credit: Noam Galai and Saul Martinez, via Getty Images)

Developer Ardie Tavangarian buys four homes from Elon Musk

Developer Ardie Tavangarian buys four homes from Elon Musk
The Hearst mansion's fate is tied into bankruptcy court. (Credit: Istock)

Hearst mansion owner’s bankrupt LLC got a $150K federal bailout

Hearst mansion owner’s bankrupt LLC got a $150K federal bailout
arrow_forward_ios

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

Loading...