Overview of Kosutamira Nishikinohama 4 Ban Kan (コスタミラにしきのはま４番館)
Kosutamira Nishikinohama 4 Ban Kan (コスタミラにしきのはま４番館) is a 34-year-old condominium located at Kaizukashi Nishoku 2 Choume 5-4 (貝塚市二色2丁目5-4), Osaka, Japan. Built in 1992, it comprises 108 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 86 past listings, prices have ranged from 580〜1,590万円 (approx. $38,667–$106,000 USD at ¥150/$).
Unit sizes range from 77.5–100.3 sqm (834–1080 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥10.6万/sqm (approx. $706/sqm or $66/sqft).
Location & Neighborhood
The property is located at Kaizukashi Nishoku 2 Choume 5-4 (貝塚市二色2丁目5-4), Osaka, Japan. It is a 1-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 108 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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