Overview of Maishitei Oosaka 2 Ban Kan (マイシティおおさか２番館)
Maishitei Oosaka 2 Ban Kan (マイシティおおさか２番館) is a 39-year-old condominium located at Oosakashi Nishiyodogawa Ku Tsukuda 5 Choume 12-2 (大阪市西淀川区佃5丁目12-2), Osaka, Japan. Built in 1987, it comprises 102 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 102 past listings, prices have ranged from 810〜2,290万円 (approx. $54,000–$152,667 USD at ¥150/$).
Unit sizes range from 59.0–87.1 sqm (635–938 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), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.9万/sqm (approx. $2,125/sqm or $197/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiyodogawa Ku Tsukuda 5 Choume 12-2 (大阪市西淀川区佃5丁目12-2), Osaka, Japan. It is a 15-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
Scale advantage: With 102 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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