Ara Torosyan Purchases Mixed-Use Property On Foothill Boulevard In Glendale For $1.5M
SOLD
$1,500,000
California
See Similar DealsMixed-use4,800 SF
Sold 12/10/2025
SOLD
Ara Torosyan Purchases Mixed-Use Property On Foothill Boulevard In Glendale For $1.5M
3937 Foothill Boulevard
See Similar DealsMixed-use4,800 SF
Sold 12/10/2025
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$312
Total Square Footage:4,800 SF
Transaction Type:Sale
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.
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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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