Overview of Nisshouiwai Izuo Manshon 2 Goutou (日商岩井泉尾マンション２号棟)
Nisshouiwai Izuo Manshon 2 Goutou (日商岩井泉尾マンション２号棟) is a 44-year-old condominium located at Oosakashidai Sei Ku Izuo 1 Choume 16-2 (大阪市大正区泉尾1丁目16-2), Osaka, Japan. Built in 1982, it comprises 69 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,100〜2,699万円 (approx. $73,333–$179,933 USD at ¥150/$).
Unit sizes range from 61.6–77.7 sqm (663–836 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.5万/sqm (approx. $1,836/sqm or $171/sqft).
Location & Neighborhood
The property is located at Oosakashidai Sei Ku Izuo 1 Choume 16-2 (大阪市大正区泉尾1丁目16-2), 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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 69 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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