60
      Monday
      79 / 54
      Tuesday
      80 / 55
      Wednesday
      80 / 51

      San Francisco parking spot sells for $82,000

      SAN FRANCISCO (AP) - It seems parking spots aren't immune from the recent surge in San Francisco real estate prices.

      The San Francisco Chronicle reported on Thursday that a spot in the city's trendy South Beach neighborhood sold last week for $82,000.

      The 8- by 12-foot parking space is in an enclosed garage in a condominium building.

      While it may seem like a lot of money, real estate agents say parking could be a good investment. It can add as much as $100,000 to the purchase price of a property, or be rented out at rates of $400 to $450 a month - the going rate in South Beach.
      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER