Post-Production Creative
257 S Lake Street, Burbank, CA 91502
For Sale
Contact for pricing
Condominium unit with specialized production infrastructure and access to major Los Angeles-area transportation routes.
Property Size64,412 SF
Price / SF$480
Days on Market103
Property Features for 257 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
robust electrical and HVAC infrastructure
fiber-based data connectivity
ATMOS stages
screening theaters
ADR and foley facilities
color-grading suites
editing bays
production areas
administrative areas
Building Details
Year Built
Year Renovated
Stories
Building Size
Owner Occupied
Listing Agency:
Avison Young - North Los Angeles
Listed By:
Christopher Bonbright · License #00823957
(818) 939-1259
Source:
Crexi
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 6 at 8:33AM
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 ± 7,761-square-foot legal condominium is part of South Lake Media Park, a seven-unit creative office and post-production complex totaling approximately 64,412 square feet. The property includes specialized facilities and technical improvements for media and production operations, including ATMOS stages, screening theaters, ADR and foley rooms, color-grading suites, editing bays, and administrative areas. Robust electrical and HVAC systems, fiber-based connectivity, and well-maintained roofing, plumbing, electrical, and HVAC infrastructure support the facility’s operational use. The improvements date to 1960 and are described as being in good condition.
The condominium is located at 257 S Lake Street in Burbank, immediately south of Olive Avenue. The property is near the 5, 101, and 134 freeways, within walking distance of the Downtown Burbank Metrolink station, and offers access to Burbank’s major studios, Hollywood, and the wider Los Angeles market. The BCCM-zoned unit may be acquired individually or together with other available condominiums in the project.
The condominium is located at 257 S Lake Street in Burbank, immediately south of Olive Avenue. The property is near the 5, 101, and 134 freeways, within walking distance of the Downtown Burbank Metrolink station, and offers access to Burbank’s major studios, Hollywood, and the wider Los Angeles market. The BCCM-zoned unit may be acquired individually or together with other available condominiums in the project.
Key Highlights
- ± 7,761‑square‑foot legal condominium in South Lake Media Park
- Specialized production facilities include ATMOS stages, screening theaters, ADR and foley rooms, and color‑grading suites
- Fiber‑based data connectivity with robust electrical and HVAC infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,241
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,324,820
$3.3M
Cap Rate 7%
$2,374,871
$2.4M
Cap Rate 9%
$1,847,122
$1.8M
Market Conditions
NOI Build-Up for 7,761 SF
Gross rent
$260.8K $33.60/SF
− Vacancy
−$39.1K −$5.04/SF
EGI
$221.7K $28.56/SF
− OpEx
−$55.4K −$7.14/SF
NOI
$166.2K $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%
$3,324,820
Cap Rate 7%
$2,374,871
Cap Rate 9%
$1,847,122
Alternative Uses
Best Use
Office B
$2.37M
$2.08M – $2.77M
NOI $166,241 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$157.23M
$137.58M – $183.44M
NOI $11,006,324 @ 7.0% cap · market cap 295.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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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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 - Condominium unit with specialized production infrastructure and access to major Los Angeles-area transportation routes.
Where is this creative space located?
The property is located at 257 S Lake Street Burbank, CA.
What is the asking price?
The asking price for this property is $3,725,280.
What are key features of this property?
This property features: ± 7,761‑square‑foot legal condominium in South Lake Media Park; Specialized production facilities include ATMOS stages, screening theaters, ADR and foley rooms, and color‑grading suites; Fiber‑based data connectivity with robust electrical and HVAC infrastructure
