Overview of Neokoopo Momodani (ネオコーポ桃谷)
Neokoopo Momodani (ネオコーポ桃谷) is a 42-year-old condominium located at Oosakashi Ikuno Ku Momodani 4 Choume 1-2 (大阪市生野区桃谷4丁目1-2), Osaka, Japan. Built in 1984, it comprises 201 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 94 past listings, prices have ranged from 880〜3,280万円 (approx. $58,667–$218,667 USD at ¥150/$).
Unit sizes range from 42.1–75.9 sqm (453–817 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2K (2-bedroom w/ kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥39.0万/sqm (approx. $2,599/sqm or $241/sqft).
Location & Neighborhood
The property is located at Oosakashi Ikuno Ku Momodani 4 Choume 1-2 (大阪市生野区桃谷4丁目1-2), Osaka, Japan. It is a 10-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 201 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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