Overview of Kingumanshon Fukushima 3 (キングマンション福島３)
Kingumanshon Fukushima 3 (キングマンション福島３) is a 29-year-old condominium located at Oosakashi Fukushima Ku Oohiraki 3 Choume 1-15 (大阪市福島区大開3丁目1-15), Osaka, Japan. Built in 1997, it comprises 74 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 70 past listings, prices have ranged from 2,090〜4,999万円 (approx. $139,333–$333,267 USD at ¥150/$).
Unit sizes range from 61.0–79.2 sqm (657–853 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4SSLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥61.3万/sqm (approx. $4,088/sqm or $380/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Oohiraki 3 Choume 1-15 (大阪市福島区大開3丁目1-15), 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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 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.
Analyze this property's fair price and negotiation room for free at RE:public.