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32935661
32935662

500 W. Manchester Avenue, Los Angeles, CA 90044

OS
CA CA 01980838
KW Commercial L.A. Westside
DY
CA 01102638
KW Commercial L.A. Westside
ES
CA 01984661
KW Commercial L.A. Westside
Listed by KW Commercial L.A. Westside
$3,795,000
12 days on market
Updated 12 days ago

TAM’S DRIVE-THRU AND RTI RETAIL BUILDING

Details
APN 6038-001-017
Property Type Retail
Sub Type QSR/Fast Food, Storefront (+1)
Square Footage 1,900
Cap Rate 5.32%
NOI $201,839
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 5.31%
Pro-Forma NOI $201,628
Price per SqFt $1,997
Year Built 1986
Lot Size (SqFt) 22,354
Zoning LA-C2
Investment Type Value Add
Tenant Credit Franchisee
Ground Lease No
Sale Condition N/A

Retail | 5.32% CAP | 1,900 SqFt

Marketing description

500 W. Manchester Avenue is a fully leased commercial corner property featuring both stable income and strong future development potential. The asset is anchored by a 1,900 square foot Tam's Burgers drive-thru operating on a triple-net lease, a recognized Southern California franchise with multiple successful locations, ensuring reliable cash flow.

In addition to the drive-thru, the property includes 8,500 square feet of land leased separately, providing immediate income while offering significant upside. The land portion is RTI-approved to build a 3,600 square foot retail center, allowing an investor to expand the asset and increase long-term returns.

The property occupies a signalized corner with excellent exposure—approximately 110 feet along Manchester Avenue and 205 feet along Figueroa Street—and benefits from over 80,000 cars per day at this high-traffic intersection. Its location, just one block west of the 110 Freeway and minutes from SoFi Stadium, USC, and Downtown Los Angeles, offers both convenience and visibility for tenants and customers.

Surrounded by dense residential neighborhoods, the property draws from a local customer base of over 50,000 residents within a one-mile radius and more than 400,000 within three miles. The combination of a nationally recognized drive-thru tenant, income-producing land lease, and development potential makes 500 W. Manchester Avenue a rare, turn-key investment opportunity with immediate cash flow and built-in upside.

Investment highlights

  • Approx. 1,900 SF Drive-Thru.
  • Located at a Signalized hard corner location.
  • TAM'S BURGERS IS A STRONG FRANCHISE WITH MANY LOCATIONS IN SOUTHERN CALIFORNIA!!!
  • 100% Occupied: 1,900 SF Existing Tam's Drive-Thru Building on a NNN Lease + 8,500 SF of Land that is already leased!!!
  • Just minutes from SoFi Stadium, USC, and Downtown Los Angeles
  • Over 50,000 people reside within a 1-mile radius & over 400,000 people reside within a 3-mile radius.
  • 22,354 SF Signalized Corner Lot
  • Excellent frontage; approx. 110 feet along Manchester Ave. and 205 Feet along Figueroa St.
  • Outstanding Car Traffic Counts; over 80,000 CPD at this major signalized Intersection.
  • Just one 1 block west of the 110 Freeway.
  • High-density residential area provides consistent local customer base

Listing Contacts

OS
CA CA 01980838
KW Commercial L.A. Westside
DY
CA 01102638
KW Commercial L.A. Westside
ES
CA 01984661
KW Commercial L.A. Westside
Listed by KW Commercial L.A. Westside

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,839.00
$16,819.92/mo

Valuation Metrics

0
DSCR
5.32%
Cap Rate
5.32%
ROI

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Additional Information

Name
Omid Saleh
License
CA 01980838
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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