Overview of Raionzumanshon Shitennou Tera (ライオンズマンション四天王寺)
Raionzumanshon Shitennou Tera (ライオンズマンション四天王寺) is a 40-year-old condominium located at Oosakashi Tennouji Ku Daidou 2 Choume 13-21 (大阪市天王寺区大道2丁目13-21), Osaka, Japan. Built in 1986, it comprises 43 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 790〜2,980万円 (approx. $52,667–$198,667 USD at ¥150/$).
Unit sizes range from 36.7–72.4 sqm (395–779 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.7万/sqm (approx. $3,378/sqm or $314/sqft).
Location & Neighborhood
The property is located at Oosakashi Tennouji Ku Daidou 2 Choume 13-21 (大阪市天王寺区大道2丁目13-21), 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 40 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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