Overview of Emerarudomanshon Minami Tsumori (エメラルドマンション南津守)
Emerarudomanshon Minami Tsumori (エメラルドマンション南津守) is a 41-year-old condominium located at Oosakashi Nishinari Ku Minami Tsumori 4 Choume 1-91 ~ 92 (大阪市西成区南津守4丁目1-91～92), Osaka, Japan. Built in 1985, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Taisei Purehabu (大成プレハブ).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 580〜1,680万円 (approx. $38,667–$112,000 USD at ¥150/$).
Unit sizes range from 58.9–76.4 sqm (634–822 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.8万/sqm (approx. $1,184/sqm or $110/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishinari Ku Minami Tsumori 4 Choume 1-91 ~ 92 (大阪市西成区南津守4丁目1-91～92), Osaka, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 50 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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