Parking Spot In Trendy Neighborhood Sells For $82,000

SAN FRANCISCO (June 13, 2013)—Not even parking spots are immune to the recent surge in real estate prices in San Francisco.

An 8- by 12-foot parking space in an enclosed garage in a condo in the city's trendy South Beach neighborhood sold last week for $82,000.

In fact, real estate agents say parking could be a good investment because it can add as much as $100,000 to the purchase price of a property, or can be rented out at rates of $400 to $450 a month, the going price in South Beach.

KWTX-TV News 10 6700 American Plaza Waco, Texas 76712 (254) 776-1330 Fax (254) 751-1088
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 211427431 -
Gray Television, Inc.