Overview of Tennouji Gurandohaitsu (天王寺グランドハイツ)
Tennouji Gurandohaitsu (天王寺グランドハイツ) is a 40-year-old condominium located at Oosakashi Abenoku Tennouji Machi Kita 3 Choume 18-34 (大阪市阿倍野区天王寺町北3丁目18-34), Osaka, Japan. Built in 1986, it comprises 127 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 650〜2,980万円 (approx. $43,333–$198,667 USD at ¥150/$).
Unit sizes range from 42.7–64.8 sqm (460–698 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), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.2万/sqm (approx. $3,077/sqm or $286/sqft).
Location & Neighborhood
The property is located at Oosakashi Abenoku Tennouji Machi Kita 3 Choume 18-34 (大阪市阿倍野区天王寺町北3丁目18-34), Osaka, Japan. It is a 6-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 127 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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