San Francisco parking spot sells -- for $82,000
SAN FRANCISCO -- What’s eight feet wide and 12 feet deep and sells for $82,000?
As it turns out, a parking spot near San Francisco’s AT&T Park.
The enclosed parking spot in a condo building in the South Park neighborhood is creating buzz in a town where the housing market is so hot most things fail to startle.
But San Francisco Chronicle columnist C.W. Nevius reports Thursday the parking deal might be part of a new trend. The spot was sold last week by Sean Sullivan, an agent with Climb Real Estate who had some experience: He sold another one in the same building for $95,000 during San Francisco’s last boom.
The buyer declined to be interviewed by Nevius, but Sullivan seemed more than happy to chat, calling $82,000 “a nice, conservative number,” and joking that he should have launched a full-on real estate agent pitch by bragging about the stippled concrete and no-skid features.
In all seriousness, Sullivan noted, parking can add as much as $100,000 to the sale price of a property, so this may have been worth the investment. It can also be rented out to others, not a bad deal in a neighborhood where sliding scale parking meters have gone into effect during crowded events.
The owner has a deed for the little piece of land and paid cash for the spot, which was only on the market for two weeks.
The stories shaping California
Get up to speed with our Essential California newsletter, sent six days a week.
You may occasionally receive promotional content from the Los Angeles Times.