Overview of Yoyogi Dai Manshon (代々木台マンション)
Yoyogi Dai Manshon (代々木台マンション) is a 61-year-old condominium located at Shibuyaku Yoyogi 4 Choume 34-5 (渋谷区代々木4丁目34-5), Tokyo, Japan. Built in 1965, it comprises 10 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥89.5万/sqm (approx. $5,967/sqm or $554/sqft).
Location & Neighborhood
The property is located at Shibuyaku Yoyogi 4 Choume 34-5 (渋谷区代々木4丁目34-5), Tokyo, Japan. It is a 5-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 1965, 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 61 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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