Overview of Rumon Nishikujou (ルモン西九条)
Rumon Nishikujou (ルモン西九条) is a 43-year-old condominium located at Oosakashi Konohana Ku Nishikujou 2 Choume 1-32 (大阪市此花区西九条2丁目1-32), Osaka, Japan. Built in 1983, it comprises 169 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 1,198〜3,188万円 (approx. $79,867–$212,533 USD at ¥150/$).
Unit sizes range from 56.4–76.6 sqm (607–825 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.0万/sqm (approx. $2,065/sqm or $192/sqft).
Location & Neighborhood
The property is located at Oosakashi Konohana Ku Nishikujou 2 Choume 1-32 (大阪市此花区西九条2丁目1-32), 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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 169 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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