Creative Space with Production
237 S Lake Street, Burbank, CA 91502
For Sale
Contact for pricing
Specialized creative workspace with robust technical systems, production improvements, and access to Burbank’s studio and regional transportation network.
Property Size64,412 SF
Price / SF$480
Days on Market103
Property Features for 237 S Lake Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Office Units
Amenities
ATMOS stages
screening theaters
ADR and foley facilities
color-grading suites
editing bays
production areas
administrative areas
robust electrical infrastructure
robust HVAC infrastructure
fiber-based data connectivity
Building Details
Year Built
Year Renovated
Stories
Building Size
Listing Agency:
Avison Young - North Los Angeles
Listed By:
Christopher Bonbright · License #00823957
(818) 939-1259
Source:
Crexi
Added: Jul 29
Changed: Nov 4
Last Checked: Nov 6 at 5:59AM
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 Avison Young - North Los Angeles
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Investment Insights
Based on property information with market context.
This ± 9,754-square-foot legal condominium is part of South Lake Media Park, a seven-condominium creative office and post-production complex totaling ± 64,412 square feet. The property includes specialized production improvements such as ATMOS stages, screening theaters, ADR and foley facilities, color-grading suites, editing bays, and administrative areas. Robust electrical and HVAC infrastructure, along with fiber-based data connectivity, supports media and production operations. The improvements are in good condition, including maintained roofing, plumbing, electrical, and HVAC systems.
The property is positioned on South Lake Street immediately south of Olive Avenue in Burbank. It is near the 5, 101, and 134 freeways, within walking distance of the Downtown Burbank Metrolink station, and provides access to major studios, Hollywood, and the broader Los Angeles market. The condominium may be acquired individually or alongside other available units within the project.
The property is positioned on South Lake Street immediately south of Olive Avenue in Burbank. It is near the 5, 101, and 134 freeways, within walking distance of the Downtown Burbank Metrolink station, and provides access to major studios, Hollywood, and the broader Los Angeles market. The condominium may be acquired individually or alongside other available units within the project.
Key Highlights
- ± 9,754‑square‑foot legal condominium
- Part of a seven‑condominium, ± 64,412‑square‑foot creative office and post‑production complex
- ATMOS stages, screening theaters, ADR and foley facilities, color‑grading suites, and editing bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,931
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,178,620
$4.2M
Cap Rate 7%
$2,984,729
$3.0M
Cap Rate 9%
$2,321,456
$2.3M
Market Conditions
NOI Build-Up for 9,754 SF
Gross rent
$327.7K $33.60/SF
− Vacancy
−$49.2K −$5.04/SF
EGI
$278.6K $28.56/SF
− OpEx
−$69.6K −$7.14/SF
NOI
$208.9K $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,178,620
Cap Rate 7%
$2,984,729
Cap Rate 9%
$2,321,456
Alternative Uses
Best Use
Office B
$2.98M
$2.61M – $3.48M
NOI $208,931 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$197.61M
$172.91M – $230.55M
NOI $13,832,713 @ 7.0% cap · market cap 295.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 91502, CA
11,665
Population
5,734
Households
2
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
8,973
Density / Sq Mi
$61,443
Median Household Income
$46,046
Median Earnings
$1,899
Median Rent
$946,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Creative space in Burbank
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - Specialized creative workspace with robust technical systems, production improvements, and access to Burbank’s studio and regional transportation network.
Where is this creative space located?
The property is located at 237 S Lake Street Burbank, CA.
What is the asking price?
The asking price for this property is $4,681,920.
What are key features of this property?
This property features: ± 9,754‑square‑foot legal condominium; Part of a seven‑condominium, ± 64,412‑square‑foot creative office and post‑production complex; ATMOS stages, screening theaters, ADR and foley facilities, color‑grading suites, and editing bays
