Post-Production Creative
For Sale
Contact for pricing
257 S Lake Street, Burbank, CA 91502
Condominium unit with specialized production infrastructure and access to major Los Angeles-area transportation routes.
Property Size64,412 SF
Price / SF$480
Days on Market53
Property Features for 257 S Lake Street
General Information
Standard status
Active
Size
64,412 SF
Total Parking Spaces
22
Property subtype
Office, Industrial
Zoning
BCCM
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
1
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
1960
Year Renovated
2012
Stories
1
Building Size
64,412 SF
Owner Occupied
Yes
Listing Agency:
Avison Young - North Los Angeles
Listed By:
Christopher Bonbright · License #00823957
(818) 939-1259
Source:
Crexi
Added: Jul 29
Changed: Sep 11
Last Checked: Sep 18 at 6:39AM
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
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 = 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
$166,241
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
4.46%
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%
$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
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
$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 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%
$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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
