Ara Torosyan Acquires Mixed-Use Property At 3935 Foothill Boulevard For $1.5M From Debbi Leto
SOLD
$1,500,000
California
See Similar DealsMixed-use4,180 SF
Sold 09/10/2025
SOLD
Ara Torosyan Acquires Mixed-Use Property At 3935 Foothill Boulevard For $1.5M From Debbi Leto
3935 Foothill Boulevard
See Similar DealsMixed-use4,180 SF
Sold 09/10/2025
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$358
Total Square Footage:4,180 SF
Transaction Type:Sale
The property asset involved in this transaction is a mixed-use building located at 3935 Foothill Boulevard in Glendale. The sale price was $1,500,000, and the building encompasses a total square footage of 4,180, which breaks down to a price per square foot of $358.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Address: 3935 Foothill Boulevard
- Market: Glendale
- Square Footage: 4,180 SF
- Price Per Square Foot: $358
- Buyer: Ara Torosyan
- Seller: Debbi Leto
- Broker: Brandon Michaels - Marcus & Millichap
Key individuals in this transaction include buyer Ara Torosyan and seller Debbi Leto. Brandon Michaels from Marcus & Millichap acted as the broker representing the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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