Overview of Asahi Puraza Imasato Dai 2 (朝日プラザ今里第2)
Asahi Puraza Imasato Dai 2 (朝日プラザ今里第2) is a 44-year-old condominium located at Oosakashi Ikuno Ku Shin Imasato 3 Choume 1-4 (大阪市生野区新今里3丁目1-4), Osaka, Japan. Built in 1982, it comprises 60 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 500〜2,280万円 (approx. $33,333–$152,000 USD at ¥150/$).
Unit sizes range from 45.7–58.3 sqm (492–628 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), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.2万/sqm (approx. $1,878/sqm or $174/sqft).
Location & Neighborhood
The property is located at Oosakashi Ikuno Ku Shin Imasato 3 Choume 1-4 (大阪市生野区新今里3丁目1-4), 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 60 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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