Overview of Hiroshi Sakae Manshon (宏栄マンション)
Hiroshi Sakae Manshon (宏栄マンション) is a 55-year-old condominium located at Oosakashi Yodogawa Ku Nishi Mikuni 1 Choume 18-5 (大阪市淀川区西三国1丁目18-5), Osaka, Japan. Built in 1971, it comprises 26 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥10.3万/sqm (approx. $685/sqm or $64/sqft).
Location & Neighborhood
The property is located at Oosakashi Yodogawa Ku Nishi Mikuni 1 Choume 18-5 (大阪市淀川区西三国1丁目18-5), Osaka, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1971, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 55 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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