Creative Office
267 S Lake Street, Burbank, CA 91502
For Sale
Contact for pricing
Specialized production improvements and technical systems support media, entertainment, technology, and creative office users.
Property Size64,412 SF
Price / SF$480
Days on Market103
Property Features for 267 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
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: Oct 26
Last Checked: Nov 6 at 6:58AM
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 ±9,745-square-foot legal condominium is part of South Lake Media Park, a seven-condominium complex totaling approximately ±64,412 square feet. The property includes purpose-built post-production improvements such as ATMOS stages, screening theaters, ADR and foley facilities, color-grading suites, editing bays, and production and administrative areas. Robust electrical and HVAC infrastructure, along with fiber-based data connectivity, supports technically demanding operations. The improvements are in good condition, including well-maintained roofing, plumbing, electrical, and HVAC systems.
The property is situated on South Lake Street immediately south of Olive Avenue in Burbank, with access to the 5, 101, and 134 freeways. Downtown Burbank Metrolink station is within walking distance, and the location provides access to major studios, Hollywood, and the broader Los Angeles market. The campus has been owned and operated by Roundabout Entertainment since 2013 and is MPAA-approved. Zoning is BCCM, and the building was constructed in 1960.
The property is situated on South Lake Street immediately south of Olive Avenue in Burbank, with access to the 5, 101, and 134 freeways. Downtown Burbank Metrolink station is within walking distance, and the location provides access to major studios, Hollywood, and the broader Los Angeles market. The campus has been owned and operated by Roundabout Entertainment since 2013 and is MPAA-approved. Zoning is BCCM, and the building was constructed in 1960.
Key Highlights
- ±9,745‑square‑foot legal condominium within South Lake Media Park
- South Lake Media Park includes seven condominiums totaling ±64,412 square feet
- Purpose‑built ATMOS stages, screening theaters, ADR, foley, color‑grading, and editing facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,738
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,174,760
$4.2M
Cap Rate 7%
$2,981,971
$3.0M
Cap Rate 9%
$2,319,311
$2.3M
Market Conditions
NOI Build-Up for 9,745 SF
Gross rent
$327.4K $33.60/SF
− Vacancy
−$49.1K −$5.04/SF
EGI
$278.3K $28.56/SF
− OpEx
−$69.6K −$7.14/SF
NOI
$208.7K $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%
$4,174,760
Cap Rate 7%
$2,981,971
Cap Rate 9%
$2,319,311
Alternative Uses
Best Use
Office B
$2.98M
$2.61M – $3.48M
NOI $208,738 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$197.43M
$172.75M – $230.33M
NOI $13,819,949 @ 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
7
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 - Specialized production improvements and technical systems support media, entertainment, technology, and creative office users.
Where is this creative space located?
The property is located at 267 S Lake Street Burbank, CA.
What is the asking price?
The asking price for this property is $4,677,600.
What are key features of this property?
This property features: ±9,745‑square‑foot legal condominium within South Lake Media Park; South Lake Media Park includes seven condominiums totaling ±64,412 square feet; Purpose‑built ATMOS stages, screening theaters, ADR, foley, color‑grading, and editing facilities
