Overview of Raionzumanshon Yokohama Oodoori Kouen Minami (ライオンズマンション横浜大通り公園南)
Raionzumanshon Yokohama Oodoori Kouen Minami (ライオンズマンション横浜大通り公園南) is a 32-year-old condominium located at Yokohamashi Minamiku Eirakuchou 1 Choume 8-20 (横浜市南区永楽町1丁目8-20), Kanagawa, Japan. Built in 1994, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 47 past listings, prices have ranged from 1,780〜3,899万円 (approx. $118,667–$259,933 USD at ¥150/$).
Unit sizes range from 46.8–50.7 sqm (504–546 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1SDK (1-bedroom w/ dining-kitchen + service room), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥71.7万/sqm (approx. $4,781/sqm or $444/sqft).
Location & Neighborhood
The property is located at Yokohamashi Minamiku Eirakuchou 1 Choume 8-20 (横浜市南区永楽町1丁目8-20), Kanagawa, Japan. It is a 7-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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