Overview of Raionzumanshon Shibuya (ライオンズマンション渋谷)
Raionzumanshon Shibuya (ライオンズマンション渋谷) is a 43-year-old condominium located at Shibuyaku Maruyamachou 12-2 (渋谷区円山町12-2), Tokyo, Japan. Built in 1983, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 1,080〜6,780万円 (approx. $72,000–$452,000 USD at ¥150/$).
Unit sizes range from 14.2–45.0 sqm (153–484 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥171.1万/sqm (approx. $11,407/sqm or $1,060/sqft).
Location & Neighborhood
The property is located at Shibuyaku Maruyamachou 12-2 (渋谷区円山町12-2), Tokyo, 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 63 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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