TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Michael Codron, Interim Community Development Director
Adam Finestone AICP, Planning Manager
Tari Kuvhenguhwa, Associate Planner
SUBJECT:Title
Discuss and Provide Direction to Staff Regarding Interim Uses of the City's Recent Real Property Acquisition Located at 400 Manhattan Beach Boulevard (Minimal Budget Impact) (Interim Community Development Director Codron).
(Estimated Time: 15 Mins.)
DISCUSS AND PROVIDE DIRECTION
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RECOMMENDATION:
Staff recommends that the City Council discuss the proposed interim uses for the City's recent real property acquisition located at 400 Manhattan Beach Boulevard and provide direction to staff.
FISCAL IMPLICATIONS:
Direct fiscal impact associated with the proposed interim use of the property at 400 Manhattan Beach Boulevard is limited to costs of approximately $5,000 associated with installation of bicycle racks on the site. Additionally, indirect positive fiscal impact would be realized through increased parking revenue at metered spaces that become available when permit holders park in non-metered spaces at 400 Manhattan Beach Boulevard. The amount of this revenue is estimated to be between $12,675 to $25,350 per month.
BACKGROUND:
On April 15, 2025, the City of Manhattan Beach closed escrow on a property located at 400 Manhattan Beach Boulevard (Property). The Property consists of three parcels (Assessor's Parcel Numbers 4179007016, 4179007004, and 4179007005) and is approximately 16,570 square feet (0.38 acres) in size. It is occupied by a vacant commercial building (formerly U.S. Bank) with a surface parking lot and three former drive-thru ATM lanes.
Upon the City taking possession of the Property, it was noted that the parking lot was being used by the public because there had been no oversight of the lot since the former tenant vacated the proper...
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