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John & Martha DiLullo Purchase Atherton Estate From Frank Gibreau For $10.1M

Property Image
SOLD
$10,100,000

California

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Single Family6,656 SF
Sold 02/13/2024
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Property Image
SOLD

John & Martha DiLullo Purchase Atherton Estate From Frank Gibreau For $10.1M

24 Almendral Avenue

See Similar Deals
Single Family6,656 SF
Sold 02/13/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,517
Total Square Footage:6,656 SF
Transaction Type:Sale

The sold property located at 24 Almendral Avenue in Atherton was a single-family estate sitting on approximately 0.94 acres. The transaction closed at a price of $10,100,000, with a size of 6,656 square feet and a price per square foot of $1,517.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $10,100,000
  • Address: 24 Almendral Avenue
  • Market: Atherton
  • Land Size: 0.94 acres

Joel Schilperoort from Sotheby's International Realty was the agent in charge of facilitating the sale of the property, which involved the buyers, John & Martha DiLullo, and the seller, Frank Gibreau from Zynga. This transaction marked a rare sale on the Peninsula for Schilperoort, as he represented both the buyer and the seller in the deal.

Players

Joel Schilperoort
Sotheby's International Realty
Joel Schilperoort
1 deal$10.1M volume(415) 694-9064
BROKER

Details

SOLD
IMAGE: John DiLullo, Frank Gibreau & Joel Schilperoort DATE: 02/13/2024 ADDRESS: 24 Almendral Avenue MARKET: Atherton ASSET TYPE: Single Family ~ ACRES: 0.94 BUYER: John & Martha DiLullo SELLER: Frank Gibreau (@Frank.d.Gibeau23) - Zynga (@Zynga) BROKER: Joel Schilperoort (@Joel.Skip) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $10,100,000 SF: 6,656 ~ PPSF: $1,517 NOTE: Zynga CEO Frank Gibreau sold his Atherton home for $10.1 million, featuring a five-bedroom estate on nearly an acre with amenities like a tennis court and pool. Sotheby's International Realty agent Joel Schilperoort handled the transaction, representing both sides, marking a rare Peninsula sale for him.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$538,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83