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1431 North Vista Street

Dan Swanson Acquires Development Site At 1431 North Vista Street From Gary Olson For $1.6M
SOLDDevelopment Site

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

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.

Players

Filip Niculete

Marcus & Millichap

Broker

$792.7M

vol

200 deals

Broker

Market 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