Would You Spend $269,000 to Own a Garage?

We all know that parking at the beach comes with a premium, but how about $269,000 to buy a free-standing garage that you can't live in, expand or use as anything besides a place to stash the wheels?

According to the Belmont Shore Patch, which tipped us to the hot property, not even a second story can be added to this Long Beach Peninsula structure.

The 20-by-20-foot garage is three properties from the ocean and six from the bay, says listing agent Erik Bueno. It's surrounded by homes that sell from $2 million to $4 million and will most likely be bought by a resident who wants to store a classic car or boating equipment in it, says Bueno. Buying the garage will require an all-cash offer, by the way, and don't get any ideas about bringing in a sleeping bag. It has been collecting $300 a month in rent.

Some garages can get pretty pricey, especially if they are constructed for one of those pampered automobiles favored by collectors. They also can carry hefty price tags in urban areas where indoor parking is a premium and you pay for it. But in this case, are we paying for having a view or just a shortage of available parking in the neighborhood?

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