SOLDMultiFamily
Jesse Randle Acquires Multifamily Property At 14696 Rayen Street For $4.725M With Amir Araghi As Buyer's Rep
14696 Rayen Street
$4,725,000
$239/SF
Building Size
19,742 SF
Asset Type
MultiFamily
Closing
Jul 17, 2026
AI
This multifamily asset located at 14696 Rayen Street in the Panorama City market consists of 27 units. The property has a total square footage of 19,742, with a price per unit of $175,000 and a price per square foot of $239. The transaction was completed for a total sale price of $4,725,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,725,000
- Units: 27
- Square Footage: 19,742
- Price Per Unit: $175,000
- Price Per Square Foot: $239
- Buyer: Jesse Randle
- Seller: Shuiping Chen
- Buyer's Representative: Amir Araghi - AA Investments
The transaction highlights the involvement of Jesse Randle as the buyer and Shuiping Chen as the seller, with Amir Araghi of AA Investments acting as the buyer's representative throughout the deal.
Players
Panorama City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93