Overview of Sumiyoshi Nishi Shiteihausu (住吉西シティハウス)
Sumiyoshi Nishi Shiteihausu (住吉西シティハウス) is a 36-year-old condominium located at Oosakashi Sumiyoshi Ku Higashi Kohama 3 Choume 27-29 (大阪市住吉区東粉浜3丁目27-29), Osaka, Japan. Built in 1990, it comprises 42 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,530〜2,780万円 (approx. $102,000–$185,333 USD at ¥150/$).
Unit sizes range from 66.2–74.1 sqm (713–798 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.7万/sqm (approx. $2,179/sqm or $202/sqft).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Ku Higashi Kohama 3 Choume 27-29 (大阪市住吉区東粉浜3丁目27-29), 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 36 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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