Overview of Sanraizumanshon Tougan Wada (サンライズマンション東岸和田)
Sanraizumanshon Tougan Wada (サンライズマンション東岸和田) is a 39-year-old condominium located at Kishiwada Shi Gokuraku Teramachi 1 Choume 5-13 (岸和田市極楽寺町1丁目5-13), Osaka, Japan. Built in 1987, it comprises 77 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kou (冨士工).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 580〜1,380万円 (approx. $38,667–$92,000 USD at ¥150/$).
Unit sizes range from 56.7–71.1 sqm (610–765 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.3万/sqm (approx. $1,018/sqm or $95/sqft).
Location & Neighborhood
The property is located at Kishiwada Shi Gokuraku Teramachi 1 Choume 5-13 (岸和田市極楽寺町1丁目5-13), Osaka, Japan. It is a 17-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 77 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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