Overview of Paakusaido Komagawa (パークサイド駒川)
Paakusaido Komagawa (パークサイド駒川) is a 39-year-old condominium located at Oosakashi Higashisumiyoshi Ku Komagawa 2 Choume 2-17 (大阪市東住吉区駒川2丁目2-17), Osaka, Japan. Built in 1987, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,470〜3,480万円 (approx. $98,000–$232,000 USD at ¥150/$).
Unit sizes range from 51.8–79.9 sqm (558–860 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥41.0万/sqm (approx. $2,735/sqm or $254/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Komagawa 2 Choume 2-17 (大阪市東住吉区駒川2丁目2-17), Osaka, 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
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 39 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.
Analyze this property's fair price and negotiation room for free at RE:public.