Overview of Nagai Guriinmanshon (長居グリーンマンション)
Nagai Guriinmanshon (長居グリーンマンション) is a 50-year-old condominium located at Oosakashi Sumiyoshi Kuchou Kyo Higashi 4 Choume 21-6 (大阪市住吉区長居東4丁目21-6), Osaka, Japan. Built in 1976, it comprises 25 units in a 鉄骨造 structure.
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 228〜660万円 (approx. $15,200–$44,000 USD at ¥150/$).
Unit sizes range from 14.6–31.6 sqm (157–340 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Kuchou Kyo Higashi 4 Choume 21-6 (大阪市住吉区長居東4丁目21-6), Osaka, Japan. It is a 4-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
Seismic standards: Built in 1976, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 50 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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