Overview of Koowakoopo Daiichi 4 Kodaira (コーワコーポ第１４小平)
Koowakoopo Daiichi 4 Kodaira (コーワコーポ第１４小平) is a 41-year-old condominium located at Kodairashi Ogawa Higashichou 5 Choume 1-7 (小平市小川東町5丁目1-7), Tokyo, Japan. Built in 1985, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Kodaira Kensetsu (小平建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 580〜1,280万円 (approx. $38,667–$85,333 USD at ¥150/$).
Unit sizes range from 37.0–44.5 sqm (398–479 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), 2SDK (2-bedroom w/ dining-kitchen + service room), 2K (2-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥30.4万/sqm (approx. $2,024/sqm or $188/sqft).
Location & Neighborhood
The property is located at Kodairashi Ogawa Higashichou 5 Choume 1-7 (小平市小川東町5丁目1-7), Tokyo, Japan. It is a 8-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 41 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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