Overview of Roorerukooto Abeno (ローレルコート阿倍野)
Roorerukooto Abeno (ローレルコート阿倍野) is a 25-year-old condominium located at Oosakashi Abenoku Tennouji Machi Minami 3 Choume 9-23 (大阪市阿倍野区天王寺町南3丁目9-23), Osaka, Japan. Built in 2001, it comprises 56 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 2,180〜5,480万円 (approx. $145,333–$365,333 USD at ¥150/$).
Unit sizes range from 71.0–92.8 sqm (764–999 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥62.1万/sqm (approx. $4,142/sqm or $385/sqft).
Location & Neighborhood
The property is located at Oosakashi Abenoku Tennouji Machi Minami 3 Choume 9-23 (大阪市阿倍野区天王寺町南3丁目9-23), Osaka, Japan. It is a 2-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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.
Analyze this property's fair price and negotiation room for free at RE:public.