Creative Space with Production
247 S Lake Street, Burbank, CA 91502
For Sale
Contact for pricing
Specialized condominium with technical systems and adaptable areas for media, entertainment, technology, and creative-office operations.
Property Size64,412 SF
Price / SF$480
Days on Market108
Property Features for 247 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
fiber-based data connectivity
MPAA-approved campus
Building Details
Year Built
Year Renovated
Stories
Building Size
Owner Occupied
Listing Agency:
Avison Young - North Los Angeles
Listed By:
Christopher Bonbright · License CA #00823957
(818) 939-1259
Source:
Crexi
Added: Jul 29
Changed: Oct 25
Last Checked: Nov 12 at 8:32AM
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 9,738-square-foot legal condominium is part of South Lake Media Park, a seven-condominium complex totaling approximately 64,412 square feet. The property combines adaptable creative-office areas with specialized production improvements, including ATMOS stages, screening theaters, ADR and foley facilities, color-grading suites, editing bays, and administrative space. Robust electrical and HVAC systems, fiber-based data connectivity, and other technical infrastructure support media and post-production functions. The improvements date to 1960 and include well-maintained roofing, plumbing, electrical, and HVAC systems.
The property is located on South Lake Street immediately south of Olive Avenue in Burbank. It is near the 5, 101, and 134 freeways and within walking distance of the Downtown Burbank Metrolink station. The MPAA-approved campus is positioned near major studios, Hollywood, and the broader Los Angeles market. The condominium may be acquired individually or together with other available units within the project.
The property is located on South Lake Street immediately south of Olive Avenue in Burbank. It is near the 5, 101, and 134 freeways and within walking distance of the Downtown Burbank Metrolink station. The MPAA-approved campus is positioned near major studios, Hollywood, and the broader Los Angeles market. The condominium may be acquired individually or together with other available units within the project.
Key Highlights
- 9,738‑square‑foot legal condominium within a seven‑unit creative office and post‑production complex
- Approximately 64,412‑square‑foot South Lake Media Park campus
- ATMOS stages, screening theaters, ADR and foley facilities, color‑grading suites, and editing bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,588
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,171,760
$4.2M
Cap Rate 7%
$2,979,829
$3.0M
Cap Rate 9%
$2,317,644
$2.3M
Market Conditions
NOI Build-Up for 9,738 SF
Gross rent
$327.2K $33.60/SF
− Vacancy
−$49.1K −$5.04/SF
EGI
$278.1K $28.56/SF
− OpEx
−$69.5K −$7.14/SF
NOI
$208.6K $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%
$4,171,760
Cap Rate 7%
$2,979,829
Cap Rate 9%
$2,317,644
Alternative Uses
Best Use
Office B
$2.98M
$2.61M – $3.48M
NOI $208,588 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.48M – $4.64M
NOI $278,117 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,710
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 condominium with technical systems and adaptable areas for media, entertainment, technology, and creative-office operations.
Where is this creative space located?
The property is located at 247 S Lake Street Burbank, CA.
What is the asking price?
The asking price for this property is $4,674,240.
What are key features of this property?
This property features: 9,738‑square‑foot legal condominium within a seven‑unit creative office and post‑production complex; Approximately 64,412‑square‑foot South Lake Media Park campus; ATMOS stages, screening theaters, ADR and foley facilities, color‑grading suites, and editing bays
