Updated Jul 1, 2026
Dan Swanson Acquires Development Site At 1431 North Vista Street From Gary Olson For $1.6M
1431 North Vista Street
$1,600,000
$245/SF
Building Size
6,528 SF
Asset Type
Development Site
Closing
Jun 16, 2026
About this deal
AI
A development site located at 1431 North Vista Street in Los Angeles has been sold for $1,600,000. The property consists of a total area of 6,528 square feet, resulting in a price per square foot of $245.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,600,000
- Address: 1431 North Vista Street
- Market: Los Angeles
- Square Footage: 6,528
- Price per Square Foot: $245
- Buyer: Dan Swanson
- Seller: Gary Olson
- Broker: Filip Niculete & Glen Scher - LAAA Team - Marcus & Millichap
The transaction involved key figures Dan Swanson as the buyer and Gary Olson as the seller. The brokerage representation for the deal was provided by Filip Niculete and Glen Scher, operating under the LAAA Team at Marcus & Millichap.
NOTE: Please contact our team if you are seeking development opportunities, or visit laaa.com to view our current inventory.
On the Map
$1,600,000
$245/SF
Development Site
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Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93