Overview of Tezukayama Mandai Paakuhausu (帝塚山万代パークハウス)
Tezukayama Mandai Paakuhausu (帝塚山万代パークハウス) is a 28-year-old condominium located at Oosakashi Sumiyoshi Ku Mandai 2 Choume 9-2 (大阪市住吉区万代2丁目9-2), Osaka, Japan. Built in 1998, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,980〜4,180万円 (approx. $132,000–$278,667 USD at ¥150/$).
Unit sizes range from 73.1–92.9 sqm (787–1000 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥43.2万/sqm (approx. $2,882/sqm or $268/sqft).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Ku Mandai 2 Choume 9-2 (大阪市住吉区万代2丁目9-2), Osaka, Japan. It is a 6-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 28 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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