Overview of Kosumoabenyuu Kawasaki (コスモアベニュー川崎)
Kosumoabenyuu Kawasaki (コスモアベニュー川崎) is a 38-year-old condominium located at Kawasakishi Kawasakiku Oiwakechou 5-6 (川崎市川崎区追分町5-6), Kanagawa, Japan. Built in 1988, it comprises 35 units in a 鉄骨造 structure. It was constructed by Kitano Kensetsu (北野建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 1,620〜3,480万円 (approx. $108,000–$232,000 USD at ¥150/$).
Unit sizes range from 52.2–71.6 sqm (562–771 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.3万/sqm (approx. $3,086/sqm or $287/sqft).
Location & Neighborhood
The property is located at Kawasakishi Kawasakiku Oiwakechou 5-6 (川崎市川崎区追分町5-6), Kanagawa, 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 38 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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