Overview of Asahi Puraza Awaji (朝日プラザ淡路)
Asahi Puraza Awaji (朝日プラザ淡路) is a 34-year-old condominium located at Oosakashi Higashiyodogawa Ku Awaji 3 Choume 14-15 (大阪市東淀川区淡路3丁目14-15), Osaka, Japan. Built in 1992, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asahi Juuken (朝日住建).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 450〜1,390万円 (approx. $30,000–$92,667 USD at ¥150/$).
Unit sizes range from 19.6–45.5 sqm (211–490 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: STUDIO (STUDIO), 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Location & Neighborhood
The property is located at Oosakashi Higashiyodogawa Ku Awaji 3 Choume 14-15 (大阪市東淀川区淡路3丁目14-15), Osaka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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