Ara Karapetian Purchases Retail Property In Glendale For $1,995,000 With AK & Associates Inc As Buyer's Rep
3538 Foothill Boulevard
$1,995,000
$287/SF
Building Size
6,950 SF
Asset Type
Retail
Closing
May 15, 2026
AI
The property asset involved in this transaction is a retail space located at 3538 Foothill Boulevard in Glendale. The property encompasses a total of 6,950 square feet, with a sale price of $1,995,000, resulting in a price per square foot of $287.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,995,000
- Square Footage: 6,950
- Price per Square Foot: $287
- Buyer: Ara Karapetian
- Seller: Tony Maniscalchi
- Buyer’s Representative: Ara Karapetian & Dro Gharapetian - AK & Associates Inc
- Market: Glendale
- Date of Transaction: 05/15/2026
Key individuals involved in this transaction include buyer Ara Karapetian and seller Tony Maniscalchi, with Ara Karapetian being represented by Dro Gharapetian from AK & Associates Inc in this deal.
Players
La Crescenta Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.95%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93