Overview of Beishitei Oosaka Iisutoabenyuu (ベイシティ大阪イーストアベニュー)
Beishitei Oosaka Iisutoabenyuu (ベイシティ大阪イーストアベニュー) is a 34-year-old condominium located at Oosakashi Minatoku Ikejima 3 Choume 5-3 (大阪市港区池島3丁目5-3), Osaka, Japan. Built in 1992, it comprises 158 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 77 past listings, prices have ranged from 1,100〜3,580万円 (approx. $73,333–$238,667 USD at ¥150/$).
Unit sizes range from 73.0–103.5 sqm (786–1114 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.3万/sqm (approx. $2,089/sqm or $194/sqft).
Location & Neighborhood
The property is located at Oosakashi Minatoku Ikejima 3 Choume 5-3 (大阪市港区池島3丁目5-3), Osaka, Japan. It is a 8-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 158 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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