Overview of Famiiru Nishikujou (ファミール西九条)
Famiiru Nishikujou (ファミール西九条) is a 41-year-old condominium located at Oosakashi Konohana Ku Nishikujou 3 Choume 4-34 (大阪市此花区西九条3丁目4-34), Osaka, Japan. Built in 1985, it comprises 142 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 1,290〜3,090万円 (approx. $86,000–$206,000 USD at ¥150/$).
Unit sizes range from 55.9–62.1 sqm (602–668 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), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥48.1万/sqm (approx. $3,209/sqm or $298/sqft).
Location & Neighborhood
The property is located at Oosakashi Konohana Ku Nishikujou 3 Choume 4-34 (大阪市此花区西九条3丁目4-34), Osaka, 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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 142 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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