Overview of Sen Shima Daiichi Koopo 1 Goutou (千島第一コーポ１号棟)
Sen Shima Daiichi Koopo 1 Goutou (千島第一コーポ１号棟) is a 49-year-old condominium located at Oosakashidai Sei Ku Kobayashi Higashi 2 Choume 2-1 (大阪市大正区小林東2丁目2-1), Osaka, Japan. Built in 1977, it comprises 115 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥23.4万/sqm (approx. $1,558/sqm or $145/sqft).
Location & Neighborhood
The property is located at Oosakashidai Sei Ku Kobayashi Higashi 2 Choume 2-1 (大阪市大正区小林東2丁目2-1), Osaka, Japan. It is a 37-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1977, 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 49 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 115 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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