Overview of Paakupuraza Tsurumi (パークプラザ鶴見)
Paakupuraza Tsurumi (パークプラザ鶴見) is a 44-year-old condominium located at Oosakashi Tsurumiku Shokuchi 4 Choume 10-21 (大阪市鶴見区諸口4丁目10-21), Osaka, Japan. Built in 1982, it comprises 79 units in a Reinforced Concrete (RC) structure. It was constructed by Magara Kensetsu , Terasaki Kensetsu (真柄建設、 寺崎建設).
Pricing & Floor Plans
Based on 73 past listings, prices have ranged from 1,000〜2,978万円 (approx. $66,667–$198,533 USD at ¥150/$).
Unit sizes range from 60.5–77.6 sqm (651–835 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.8万/sqm (approx. $2,721/sqm or $253/sqft).
Location & Neighborhood
The property is located at Oosakashi Tsurumiku Shokuchi 4 Choume 10-21 (大阪市鶴見区諸口4丁目10-21), Osaka, Japan. It is a 9-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 79 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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