Overview of Shiizu Tennouji Iisuto 2 (シーズ天王寺イースト２)
Shiizu Tennouji Iisuto 2 (シーズ天王寺イースト２) is a 30-year-old condominium located at Oosakashi Tennouji Ku Kokubunchou 2-2 (大阪市天王寺区国分町2-2), Osaka, Japan. Built in 1996, it comprises 16 units in a Reinforced Concrete (RC) structure. It was constructed by Berudehoomu (ベルデホーム).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 1,180〜3,098万円 (approx. $78,667–$206,533 USD at ¥150/$).
Unit sizes range from 50.2–56.5 sqm (540–608 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥57.1万/sqm (approx. $3,804/sqm or $353/sqft).
Location & Neighborhood
The property is located at Oosakashi Tennouji Ku Kokubunchou 2-2 (大阪市天王寺区国分町2-2), 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 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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