Overview of Eruza Setagaya (エルザ世田谷)
Eruza Setagaya (エルザ世田谷) is a 20-year-old condominium located at Setagayaku Kita Karasuyama 6 Choume 11-3 (世田谷区北烏山6丁目11-3), Tokyo, Japan. Built in 2006, it comprises 366 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsui Sumitomokensetsu (三井住友建設).
Pricing & Floor Plans
Based on 180 past listings, prices have ranged from 3,980〜12,980万円 (approx. $265,333–$865,333 USD at ¥150/$).
Unit sizes range from 61.2–130.2 sqm (659–1401 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥129.3万/sqm (approx. $8,619/sqm or $801/sqft).
Location & Neighborhood
The property is located at Setagayaku Kita Karasuyama 6 Choume 11-3 (世田谷区北烏山6丁目11-3), Tokyo, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Scale advantage: With 366 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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