Ara Torosyan Acquires Mixed-Use Property At 3935 Foothill Boulevard For $1.5M From Debbi Leto
3935 Foothill Boulevard
$1,500,000
$358/SF
Building Size
4,180 SF
Asset Type
Mixed-use
Closing
Sep 10, 2025
AI
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.
Players
La Crescenta Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93