Overview of Nobakaneichi Tennouji 3 Ban Kan (ノバカネイチ天王寺３番館)
Nobakaneichi Tennouji 3 Ban Kan (ノバカネイチ天王寺３番館) is a 39-year-old condominium located at Oosakashi Tennouji Ku Katsuyama 4 Choume 6-10 (大阪市天王寺区勝山4丁目6-10), Osaka, Japan. Built in 1987, it comprises 31 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 580〜3,790万円 (approx. $38,667–$252,667 USD at ¥150/$).
Unit sizes range from 21.2–81.9 sqm (228–882 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), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥53.1万/sqm (approx. $3,543/sqm or $329/sqft).
Location & Neighborhood
The property is located at Oosakashi Tennouji Ku Katsuyama 4 Choume 6-10 (大阪市天王寺区勝山4丁目6-10), Osaka, Japan. It is a 5-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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