Overview of Raionzugaaden Akira Shima (ライオンズガーデン昭島)
Raionzugaaden Akira Shima (ライオンズガーデン昭島) is a 29-year-old condominium located at Akira Shima Ichida Nakamachi 1 Choume 7-17 (昭島市田中町1丁目7-17), Tokyo, Japan. Built in 1997, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kougyou , Miura Kumi (佐藤工業、 三浦組).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,890〜3,780万円 (approx. $126,000–$252,000 USD at ¥150/$).
Unit sizes range from 66.2–79.5 sqm (713–856 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.4万/sqm (approx. $2,559/sqm or $238/sqft).
Location & Neighborhood
The property is located at Akira Shima Ichida Nakamachi 1 Choume 7-17 (昭島市田中町1丁目7-17), Tokyo, Japan. It is a 10-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 29 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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