Overview of Raionzupuraza Hiratsuka (ライオンズプラザ平塚)
Raionzupuraza Hiratsuka (ライオンズプラザ平塚) is a 34-year-old condominium located at Hiratsukashi Akashichou 24-25 (平塚市明石町24-25), Kanagawa, Japan. Built in 1992, it comprises 114 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 124 past listings, prices have ranged from 380〜2,990万円 (approx. $25,333–$199,333 USD at ¥150/$).
Unit sizes range from 18.1–64.0 sqm (195–689 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥28.1万/sqm (approx. $1,875/sqm or $174/sqft).
Location & Neighborhood
The property is located at Hiratsukashi Akashichou 24-25 (平塚市明石町24-25), Kanagawa, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 114 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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