TAM’S DRIVE-THRU AND RTI RETAIL BUILDING — Sale in Los Angeles, CA

  • Price: $3.8M
  • Listing type: For sale
  • Asset type: Business
  • Location: Los Angeles, CA 90044
  • Size: 1,900 SF

Investment Figures

Cap rate
5.30%
Price per square foot
$1,997

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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. Building SF: 1900 | Land Size: 22354.0 SF | Listing Type: FOR SALE

Market Context

This commercial property in Los Angeles, CA is listed for sale at $3,795,000 across 1,900 SF ($1,997/SF). It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing commercial property assets. It has been on the market for 71 days. Compare it against other commercial property listings for sale in Los Angeles, CA — view the full market.

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