Overview of Kingumanshon Fukushima 1 (キングマンション福島１)
Kingumanshon Fukushima 1 (キングマンション福島１) is a 30-year-old condominium located at Oosakashi Fukushima Ku Yoshino 2 Choume 5-17 (大阪市福島区吉野2丁目5-17), Osaka, Japan. Built in 1996, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,980〜4,280万円 (approx. $132,000–$285,333 USD at ¥150/$).
Unit sizes range from 65.7–65.7 sqm (707–707 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥57.5万/sqm (approx. $3,833/sqm or $356/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Yoshino 2 Choume 5-17 (大阪市福島区吉野2丁目5-17), Osaka, 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 30 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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