Overview of Maishitei Oosaka 1 Ban Kan (マイシティおおさか１番館)
Maishitei Oosaka 1 Ban Kan (マイシティおおさか１番館) is a 40-year-old condominium located at Oosakashi Nishiyodogawa Ku Tsukuda 5 Choume 12-1 (大阪市西淀川区佃5丁目12-1), Osaka, Japan. Built in 1986, it comprises 131 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 97 past listings, prices have ranged from 530〜2,090万円 (approx. $35,333–$139,333 USD at ¥150/$).
Unit sizes range from 60.0–72.8 sqm (646–784 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.4万/sqm (approx. $1,957/sqm or $182/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiyodogawa Ku Tsukuda 5 Choume 12-1 (大阪市西淀川区佃5丁目12-1), Osaka, Japan. It is a 15-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 131 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.
Analyze this property's fair price and negotiation room for free at RE:public.