California

For $90,000, you can own property in San Francisco — but it’s just a parking spot

Parking in a city can be tough. With the rise in smash and grabs in San Francisco you’re an easy target parking on the street and even if a space is open you’ll likely pay a hefty price to call it yours while you wander the city for a couple hours.

For those who want a permanent place for their car to call home, they can purchase a single parking spot for $90,000 in San Francisco, California, according to Bill William’s Redfin listing.

Nestled in a building on 88 Townsend St. in the city, William makes it clear that “this is a parking space only. It is not a condo but a single parking space near the lobby,” according to the listing.

Luckily for potential buyers, it “can be used by non-residents and is located one block from Oracle Stadium,” the listing said.

“One block from the ballpark and one block from the Embarcadero so it’s not only a good place to park your car, and to park your money,” Williams told ABC 7 San Francisco

It is currently being leased for $300 per month but if you want to call it yours it’s going to cost $90,000 or around $535 a month plus $31 in monthly HOA fees, the listing said.

Some aren’t in agreement with William’s new business venture.

Henry Luong, a San Francisco officer, was shocked by the listing, said ABC 7 San Francisco.

“One hundred thousand dollars for a spot, no that’s too much,” Luong said. “You just have to be careful, just follow the rules.”

This isn’t the first time San Francisco residents have seen a parking spot go for more than the price of a new Audi S6.

Back in 2013, an enclosed parking spot across the street from AT&T Park sold for $82,000 in San Francisco, according to the Los Angeles Times.

But this trend of high valued parking spots isn’t isolated to San Francisco.

In Seattle, a 128-square-foot parking spot was selling for 50,000, as reported by McClatchy News.

“According to the listing on MyWindermere, the 128-square-foot space is a “once-in-a-lifetime opportunity” to own the spot in the parking garage of The Marq Condominium,” said McClatchy News.

In Boston, a single parking spot was selling for an outrageous sum of $375,000 in the South End, according to the Boston Herald.

Parking costs in San Francisco can be unforgivable, especially during a baseball game.

Kron 4 reports, “A parking garage near Oracle Park is charging fans $120.”

For all the die hard San Francisco Giants fans, the listing at 88 Townsend St. may be the answer to their prayers.

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Paloma Chavez
McClatchy DC
Paloma Chavez is a reporter covering real-time news on the West Coast. She has a degree in journalism from the University of Southern California.
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