Overview of Kishinosato Koopo (岸里コーポ)
Kishinosato Koopo (岸里コーポ) is a 40-year-old condominium located at Oosakashi Nishinari Ku Kishinosato Higashi 2 Choume 13-22 (大阪市西成区岸里東2丁目13-22), Osaka, Japan. Built in 1986, it comprises 86 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimoto Kumi (西本組).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 1,180〜2,800万円 (approx. $78,667–$186,667 USD at ¥150/$).
Unit sizes range from 66.9–105.2 sqm (720–1132 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.9万/sqm (approx. $2,194/sqm or $204/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishinari Ku Kishinosato Higashi 2 Choume 13-22 (大阪市西成区岸里東2丁目13-22), Osaka, Japan. It is a 3-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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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