Facing jail time, Lori Loughlin sells Bel Air manse at huge discount

The actress and her husband — who both pleaded guilty in the college admissions scandal — listed the 12K sf home for $29M in January

Los Angeles /
Jul.July 13, 2020 09:27 AM
Lori Loughlin and husband Mossimo Giannulli sold their 12,000-square-foot Bel Air mansion (Credit: Donato Sardella/WireImage via Getty Images and Realtor.com via Dirt.com)
Lori Loughlin and husband Mossimo Giannulli sold their 12,000-square-foot Bel Air mansion (Credit: Donato Sardella/WireImage via Getty Images and Realtor.com via Dirt.com)

Lori Loughlin and Mossimo Giannulli are parting with their 12,000-square-foot Bel Air mansion at a steep discount, ahead of the couple’s sentencing for their admitted part in the college admissions scandal.

The mansion hit the market for $28.7 million in January, but a source told Variety that the former “Full House” star and Giannulli accepted an $18.7 million offer from Tinder co-founder Justin Mateen.

Giannulli is reportedly a prolific real estate investor in the Los Angeles area.

In May, the couple in admitted in federal court to paying hundreds of thousands of dollars to secure their daughter a spot at the University of Southern California. Loughlin and Giannulli will be sentenced on Aug. 21. She is expected to receive two months in jail, and he is expected to receive five months, according to reports. They had each faced up to 45 years in prison.

The two were among 33 parents across the country that the Justice Department indicted in March 2019 in the largest-ever college admissions investigation.

The couple paid $14 million for the Bel Air estate in 2015, and poured more money into renovations.

Mateen is an L.A. native with a considerable portfolio of real estate in the area, including an estate in Holmby Hills and a condo at the West Hollywood Edition building, Variety reported. Josh Flagg with Rodeo Realty represented Mateen in the Bel Air deal.

Mateen resigned as Tinder’s chief marketing officer in 2014 amid sexual harassment allegations. He’s since also invested in co-living startup Ollie.

The Bel Air home encompasses about two-thirds of an acre and overlooks a golf course. Loughlin and Giannulli’s renovations brought some contemporary design to the Mediterranean-style property. The grounds include a courtyard and a lap-lane pool. [Variety]Dennis Lynch


Related Articles

arrow_forward_ios
Hockey legend Wayne Gretzky and his wife, actress Janet Jones. (Getty, Nicki and Karen / Compass)
Wayne Gretzky sells Thousand Oaks compound — again
Wayne Gretzky sells Thousand Oaks compound — again
Matthew Stafford and renderings of his future Hidden Hills manse. (Getty, EGC Real Estate)
Matthew Stafford scores Hidden Hills home after trade to Rams
Matthew Stafford scores Hidden Hills home after trade to Rams
Tobey Maguire and his $11 million acre of dirt. (Getty, David Offer)
Tobey Maguire sells acre of dirt in Brentwood for $11M
Tobey Maguire sells acre of dirt in Brentwood for $11M
Katy Perry and 9575 Lime Orchard Drive (Getty, Redfin)
Katy Perry unloads Beverly Hills Post Office pad
Katy Perry unloads Beverly Hills Post Office pad
Anthony Davis and Stratford Circle mansion, Los Angeles (Getty, Google Maps)
Anthony Davis buys Bel Air mansion with b-ball court
Anthony Davis buys Bel Air mansion with b-ball court
Tom Girardi and Erika Jayne with 100 Altos Drive (Getty, Compass)
Facing lawsuits, Tom Girardi and Erika Jayne list Pasadena mansion
Facing lawsuits, Tom Girardi and Erika Jayne list Pasadena mansion
Phil Spector and 1700 Grand View Drive (Getty, Redfin)
Phil Spector’s infamous Alhambra mansion sells
Phil Spector’s infamous Alhambra mansion sells
J.J. Abrams and the San Remo Drive home (Getty, Realtor)
JJ Abrams hopes force awakens buyers for Pacific Palisades pad
JJ Abrams hopes force awakens buyers for Pacific Palisades pad
arrow_forward_ios

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

Loading...