Overview of Raionzumanshon Bunkyou Daisan (ライオンズマンション文京第３)
Raionzumanshon Bunkyou Daisan (ライオンズマンション文京第３) is a 44-year-old condominium located at Bunkyouku Hakusan 5 Choume 24-6 (文京区白山5丁目24-6), Tokyo, Japan. Built in 1982, it comprises 59 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 800〜1,680万円 (approx. $53,333–$112,000 USD at ¥150/$).
Unit sizes range from 19.5–20.9 sqm (210–225 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥74.9万/sqm (approx. $4,994/sqm or $464/sqft).
Location & Neighborhood
The property is located at Bunkyouku Hakusan 5 Choume 24-6 (文京区白山5丁目24-6), Tokyo, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 59 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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