Modernized Creative Production
For Sale
Contact for pricing
10440 Burbank Blvd, Los Angeles, CA 91601
State-of-the-art creative production facility in established production hub.
Property Size3,690 SF
Price / SF$799.19
Days on Market191
Property Features for 10440 Burbank Blvd
General Information
Standard status
Active
Size
3,690 SF
Class
A
Property subtype
Office
Zoning
C2-1VL
Occupancy
100%
Lease Type
Gross
Building Details
Year Built
1959
Year Renovated
2019
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2744
Listed By:
Martin Agnew · License #CA 01339034
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 14 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
The property at 10440 Burbank Boulevard is a fully modernized, state-of-the-art creative production facility. It comprises 11 luxury, soundproof, and acoustically treated studios, strategically located at the North Hollywood–Burbank border, a well-established production hub in Southern California. The property underwent a comprehensive redevelopment between 2019 and 2020, with approximately 90% new construction, effectively rebuilding the asset. The facility was purpose-built to meet the demands of today’s content creators, featuring advanced soundproofing, premium acoustic treatments, and independently climate-controlled studios optimized for recording, editing, and full-scale production workflows. All major building systems were replaced or substantially upgraded, including a full structural retrofit, all new plumbing, 400 amp electrical service, individual mini split HVAC units, and a new torch down roof. High-end commercial finishes, modern lighting, custom tilework, and designer details throughout create a polished, professional environment appealing to long-term creative tenants. The property size is 3690 square feet.
Key Highlights
- Fully modernized creative production facility with 11 luxury, soundproof, and acoustically treated studios.
- Strategically located at the North Hollywood–Burbank border, a prime production hub.
- Comprehensive redevelopment between 2019‑2020 with approximately 90% new construction.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,587
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,751,740
$1.8M
Cap Rate 7%
$1,251,243
$1.3M
Cap Rate 9%
$973,189
$973.2K
Market Conditions
NOI Build-Up for 3,690 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$143.5K $38.88/SF
− Vacancy
−$26.7K −$7.23/SF
EGI
$116.8K $31.65/SF
− OpEx
−$29.2K −$7.91/SF
NOI
$87.6K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,751,740
Cap Rate 7%
$1,251,243
Cap Rate 9%
$973,189
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,587 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$74.76M
$65.41M – $87.22M
NOI $5,233,003 @ 7.0% cap · market cap 177.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - State-of-the-art creative production facility in established production hub.
Where is this creative space located?
The property is located at 10440 Burbank Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,949,000.
What are key features of this property?
This property features: Fully modernized creative production facility with **11 luxury, soundproof, and acoustically treated studios.**; Strategically located at the North Hollywood–Burbank border, a prime production hub.; Comprehensive redevelopment between 2019‑2020 with approximately 90% new construction.
