Overview of Kosumohaitsu Sumiyoshi (コスモハイツ住吉)
Kosumohaitsu Sumiyoshi (コスモハイツ住吉) is a 39-year-old condominium located at Oosakashi Sumiyoshi Ku Minami Sumiyoshi 1 Choume 9-12 (大阪市住吉区南住吉1丁目9-12), Osaka, Japan. Built in 1987, it comprises 12 units in a Reinforced Concrete (RC) structure. It was constructed by Hisashi Kensetsu (寿建設).
Pricing & Floor Plans
Based on 6 past listings, prices have ranged from 1,050〜2,198万円 (approx. $70,000–$146,533 USD at ¥150/$).
Unit sizes range from 61.0–64.0 sqm (657–689 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Ku Minami Sumiyoshi 1 Choume 9-12 (大阪市住吉区南住吉1丁目9-12), 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 39 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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