Overview of Raionzumanshon Nerima (ライオンズマンション練馬)
Raionzumanshon Nerima (ライオンズマンション練馬) is a 40-year-old condominium located at Nerimaku Nerima 3 Choume 2-8 (練馬区練馬3丁目2-8), Tokyo, Japan. Built in 1986, it comprises 127 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tobishima Kensetsu , Seibukensetsu (飛島建設、 西武建設).
Pricing & Floor Plans
Based on 82 past listings, prices have ranged from 1,090〜5,480万円 (approx. $72,667–$365,333 USD at ¥150/$).
Unit sizes range from 18.0–55.1 sqm (194–593 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥80.5万/sqm (approx. $5,365/sqm or $498/sqft).
Location & Neighborhood
The property is located at Nerimaku Nerima 3 Choume 2-8 (練馬区練馬3丁目2-8), Tokyo, Japan. It is a 7-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 127 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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