Overview of Asahi Puraza Kitada Hen (朝日プラザ北田辺)
Asahi Puraza Kitada Hen (朝日プラザ北田辺) is a 40-year-old condominium located at Oosakashi Higashisumiyoshi Ku Kitada Hen 5 Choume 9-24 (大阪市東住吉区北田辺5丁目9-24), Osaka, Japan. Built in 1986, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 1,280〜2,260万円 (approx. $85,333–$150,667 USD at ¥150/$).
Unit sizes range from 55.0–60.4 sqm (592–650 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.3万/sqm (approx. $2,555/sqm or $237/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Kitada Hen 5 Choume 9-24 (大阪市東住吉区北田辺5丁目9-24), Osaka, Japan. It is a 3-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 40 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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