Bill Williams
San Francisco parking spot for sale.
- A parking space in San Francisco is on the market for $100,000.
- The tenants of the apartment were previously renting the space for $300 per month.
- The space is selling separately from the apartment at the same address, which just sold for an undisclosed amount.
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San Francisco is famously expensive, and this parking space selling for $100,000 is nearly half the cost of the average US home.
This parking spot in San Francisco's South Beach neighborhood has been listed since mid-December, and the price isn't necessarily outlandish. Realtor Bill Williams told SFGate that another space in the same garage sold for $90,000 in November.
In the listing, Williams emphasizes the prime location of the spot. " Great parking spot for investor clients, 1 block from the ballpark!" The listing also starts out with a call to "PARK YOUR MONEY." "It's a safe place to park your money," Williams told SFGate. "It could be a nice hedge against the stock market dropping."
Spot 140 in the garage could be a sound investment, given that the current owners rent that space out for $300 a month.
And, in case the buyer somehow thinks they've found the deal of the century for an apartment, the listing clarifies "To be clear: This is for a PARKING SPACE ONLY."
A condo at 88 Townsend St, was also recently for sale at a San Francisco-reasonable price of $849,000, and it sold this month for an undisclosed amount. It was listed with Dan Dodd at Compass.
See inside here.