Creative Office
For Sale
Contact for pricing
267 S Lake Street, Burbank, CA 91502
Specialized production improvements and technical systems support media, entertainment, technology, and creative office users.
Property Size64,412 SF
Price / SF$480
Days on Market53
Property Features for 267 S Lake Street
General Information
Standard status
Active
Size
64,412 SF
Total Parking Spaces
27
Property subtype
Office
Zoning
BCCM
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
7
Building Details
Year Built
1960
Year Renovated
2012
Stories
1
Building Size
64,412 SF
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 4:07AM
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 ±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 = 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
$208,738
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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 - 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
