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3937 Foothill Boulevard

Ara Torosyan Purchases Mixed-Use Property On Foothill Boulevard In Glendale For $1.5M
SOLDMixed-use

Ara Torosyan Purchases Mixed-Use Property On Foothill Boulevard In Glendale For $1.5M

3937 Foothill Boulevard

$1,500,000

$312/SF

Building Size

4,800 SF

Asset Type

Mixed-use

Closing

Dec 10, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 3937 Foothill Boulevard in Glendale. The sale price was $1,500,000, and the property encompasses 4,800 square feet, resulting in a price per square foot of $312.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,500,000
  • Address: 3937 Foothill Boulevard
  • Market: Glendale
  • Square Footage: 4,800
  • Price Per Square Foot: $312
  • Buyer: Ara Torosyan
  • Seller: Debbi Leto
  • Broker: Brandon Michaels - Marcus & Millichap

The key individuals involved in this transaction include Ara Torosyan, the buyer, and Debbi Leto, the seller. Brandon Michaels from Marcus & Millichap represented the seller in this deal, facilitating the transaction.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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