Overview of Neokoopo Higashisumiyoshi (ネオコーポ東住吉)
Neokoopo Higashisumiyoshi (ネオコーポ東住吉) is a 41-year-old condominium located at Oosakashi Higashisumiyoshi Ku Yuzato 6 Choume 2-23 (大阪市東住吉区湯里6丁目2-23), Osaka, Japan. Built in 1985, it comprises 41 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 58 past listings, prices have ranged from 690〜1,898万円 (approx. $46,000–$126,533 USD at ¥150/$).
Unit sizes range from 44.0–60.8 sqm (474–654 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥28.1万/sqm (approx. $1,873/sqm or $174/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Yuzato 6 Choume 2-23 (大阪市東住吉区湯里6丁目2-23), Osaka, Japan. It is a 12-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 41 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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