Overview of Guriinmanshon Kaya Shima (グリーンマンション萱島)
Guriinmanshon Kaya Shima (グリーンマンション萱島) is a 53-year-old condominium located at Moriguchishi Ookubo Machi 5 Choume 18-9 (守口市大久保町5丁目18-9), Osaka, Japan. Built in 1973, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 650〜1,180万円 (approx. $43,333–$78,667 USD at ¥150/$).
Unit sizes range from 60.5–70.4 sqm (651–758 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Moriguchishi Ookubo Machi 5 Choume 18-9 (守口市大久保町5丁目18-9), Osaka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1973, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 53 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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