You Can Rent This 200-Square-Foot Shed In San Diego For $1,050 A Month
There are no shortage of news articles about the California housing crisis. But if you were in search of one current real estate listing that illustrates the California housing crunch perfectly is this 200-square-foot shed in San Diego that is for rent for the low price of $1,050 a month.
The shed does come with plumbing, so that’s a big plus. For your $1,050 per month, you also get a kitchen, small refrigerator, stove, laminate flooring, and air-conditioning. You do not get a parking space or laundry.
Keep in mind that the average national rent for two-bedroom apartments is $1,255, according to Adobo. And if you’re willing to live in Toledo, Ohio, the median rent for a one-bedroom apartment goes for $475 according to GoBankingRates.
To qualify for the “opportunity” to rent this shed in the University Heights neighborhood, applicants must earn 2.5 times the rent, have a credit score of at least 650, and have good rental references. The listing on Zumper calls the shed an “updated studio.”
The real estate company renting out the property is J.D. Property Management, and they absolutely believe they will get $1,050 a month since they rented the same shed for $1,100 over the last two years. Time to start putting tents in your backyard and renting them out.
“I was amazed it was going for that much money,” Joe Moreno, who lives nearby the shed, told CNN affiliate KGTV. “Does it have plumbing? I mean, does it have facilities?”
“Maybe it is high for what it is offered at, but the reality is that the square footage and the location is exactly what this market needs,” said Alan Nevin, director of research at the Xpera group.
According to FortuneBuilders, California has four of the most expensive cities for housing rentals. San Diego is the eighth-highest city for rent at an average of $1,950. So if you can get $1,050 for a shed in San Diego, one could imagine that you could rent out your crawlspace for $2,000 a month in San Francisco.
- San Francisco, CA: $3,500
- New York, NY: $2,750
- San Jose, CA: $2,490
- Boston, MA: $2,450
- Los Angeles, CA: $2,420
- Oakland, CA: $2,350
- Washington, DC: $2,100
- San Diego, CA: $1,950
- Seattle, WA: $1,900
- Miami, FL: $1,800