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500 W Manchester Ave
Los Angeles, CA 90044
TAM’S DRIVE-THRU AND RTI RETAIL BUILDING · Retail Property For Sale

Investment Highlights

  • Fully leased retail investment featuring a well-known Tam’s Burgers drive-thru on a signalized hard-corner lot with high visibility
  • Positioned at a high-traffic intersection with ~110 feet frontage along W Manchester Ave
  • Zoning: LA-C2, allowing a variety of commercial uses and expandable development potential

Executive Summary

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.

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,515 SF
Building Class
C
Year Built
1986
Price
$5,236,303 CAD
Price Per SF
$949.47 CAD
Cap Rate
5.32%
NOI
$278,495 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.51 AC
Zoning
C2-1-CPIO - Potential ED1 site Retail NNN shadow anchor(Tam's Burger) to any potential mixed-use project.
Parking
12 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
110’ on Manchester

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
6038-001-017
Land Assessment
$1,464,972 CAD
Improvements Assessment
$1,281,846 CAD
Total Assessment
$2,746,818 CAD
  • Listing ID: 40682504

  • Date on Market: 2026-05-27

  • Last Updated:

  • Address: 500 W Manchester Ave, Los Angeles, CA 90044

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