Tenants in San Diego may be in the case of sticker shock if they are in the market for a backyard shed.
A list recently released online announces a 200-square-foot studio for $ 1,050 a month. The unit is located in what appears to be a backyard shed behind a home in the city's North Park neighborhood.
"I was surprised that so much money was spent," the borough's resident Joe Moreno told KGTV. "Does it have plumbing? I mean, does it have amenities?"
The area is considered one of San Diego's most popular neighborhoods. JD Management, which rents the unit, told the news station that the rent is $ 300 less than what the last tenant paid.
That renter paid $ 1,100 a month for two years.
SAN FRANCISCO & # 39; S LAST ANIMAL HOME STILL COSTS $ 600G
The company said it does not expect to have trouble finding takers.
"Maybe it is high for what it is offering, but the reality is that the square footage and the location are exactly what this market needs," Alan Nevin, Xpera Group research director, told the outlet.
The unit comes with plumbing, kitchen with small refrigerator and stove, laminate flooring and air conditioning.  The unit has a small kitchenette and bathroom. “/>
CLICK HERE FOR ALL NEW FOXBUSINESS.COM
It does not include a parking space.
Applicants must earn 2.5 times the rent and have a credit score of at least 650.