John M. Sobrato, co-owner of the NFL’s San Francisco 49ers, has sold his home in Los Gatos for $5.75 million.
The chairman of the Silicon Valley developer Sobrato Organization and son of its billionaire founder, John A. Sobrato, sold the 3,800-square-foot home at 245 Glen Ridge Avenue, the San Francisco Business Times reported.
The buyer was Alex Kassai, a partner at Los Angeles-based law firm Latham & Watkins.
The three-bedroom, three-bathroom home, built in 2013, is nestled above a rock wall on a 0.2-acre corner lot.
The gabled house, sheathed in shake shingles, has custom stone work and automatic gas lanterns, according to the listing.
The home contains Brazilian distressed floors, vaulted ceilings and custom built-ins. It includes a living room with fireplace, a chef’s kitchen with a breakfast nook, formal dining room, family room and a wine room.
A master bedroom upstairs opens onto a balcony overlooking an art studio and hot tub surrounded by mature oak and redwood trees, with a view of Bachman Park.
Broker George Montanari of Compass held the listing.
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The Sobrato Organization, based in Mountain View, was founded in 1979 by John A. Sobrato, who in the late 1950s began peddling real estate while studying at Santa Clara University and is now worth $6 billion, according to Forbes.
The company, which has real estate development, capital and philanthropic arms, has developed nearly 21.5 million square feet of office, R&D and multifamily real estate. Its portfolio contains 7.5 million square feet of office and R&D buildings, plus 30 apartment complexes in the Bay Area, according to its website.
— Dana Bartholomew