Overview of Takara Manshon (宝マンション)
Takara Manshon (宝マンション) is a 40-year-old condominium located at Oosakashi Fukushima Ku Oohiraki 3 Choume 2-19 (大阪市福島区大開3丁目2-19), Osaka, Japan. Built in 1986, it comprises 27 units in a 鉄骨造 structure. It was constructed by Hannan Sekkeijimusho (阪南設計事務所).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 270〜980万円 (approx. $18,000–$65,333 USD at ¥150/$).
Unit sizes range from 14.3–34.2 sqm (154–368 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥38.1万/sqm (approx. $2,539/sqm or $236/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Oohiraki 3 Choume 2-19 (大阪市福島区大開3丁目2-19), Osaka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 40 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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