Overview of Kitasenju Koopo (北千住コーポ)
Kitasenju Koopo (北千住コーポ) is a 50-year-old condominium located at Adachiku Senju Kawaramachi 38-7 (足立区千住河原町38-7), Tokyo, Japan. Built in 1976, it comprises 86 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 64 past listings, prices have ranged from 1,380〜2,880万円 (approx. $92,000–$192,000 USD at ¥150/$).
Unit sizes range from 41.2–49.1 sqm (443–529 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), 2DK (2-bedroom w/ dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 3K (3-bedroom w/ kitchen).
Estimated price per sqm: ¥40.5万/sqm (approx. $2,701/sqm or $251/sqft).
Location & Neighborhood
The property is located at Adachiku Senju Kawaramachi 38-7 (足立区千住河原町38-7), Tokyo, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1976, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 50 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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