Overview of L Shitei Kiyosumi Shirakawa (Ｌシティ清澄白河)
L Shitei Kiyosumi Shirakawa (Ｌシティ清澄白河) is a 25-year-old condominium located at Koutoukushirakawa 3 Choume 11-10 (江東区白河3丁目11-10), Tokyo, Japan. Built in 2001, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 3,780〜13,480万円 (approx. $252,000–$898,667 USD at ¥150/$).
Unit sizes range from 64.7–87.7 sqm (696–944 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥159.7万/sqm (approx. $10,647/sqm or $989/sqft).
Location & Neighborhood
The property is located at Koutoukushirakawa 3 Choume 11-10 (江東区白河3丁目11-10), 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 25 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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