Overview of Daiaparesu Awaza (ダイアパレス阿波座)
Daiaparesu Awaza (ダイアパレス阿波座) is a 45-year-old condominium located at Oosakashi Nishiku Tachiuri Hori 4 Choume 7-27 (大阪市西区立売堀4丁目7-27), Osaka, Japan. Built in 1981, it comprises 29 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Morimoto Kou (森本工).
Pricing & Floor Plans
Based on 64 past listings, prices have ranged from 680〜2,480万円 (approx. $45,333–$165,333 USD at ¥150/$).
Unit sizes range from 41.5–72.7 sqm (447–783 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥34.0万/sqm (approx. $2,267/sqm or $211/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Tachiuri Hori 4 Choume 7-27 (大阪市西区立売堀4丁目7-27), 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 45 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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