Compact Investment Condominium in Shibuya's South Daimachi
This studio apartment, located on the 5th floor of a 7-story reinforced concrete building constructed in August 1984, presents a compact yet functional living space in the heart of Shibuya. The unit has a wall-core exclusive area of 18.36 square meters (approximately 5.55 tsubo) and includes a 3.68 square meter balcony facing southwest, providing natural light. The property is currently tenanted, ensuring immediate rental income for the investor.
Key financial details include an asking price of 18.9 million yen, with monthly management fees of 9,300 yen and a repair reserve fund of 5,540 yen. The projected annual rental income is 948,000 yen, yielding an estimated annual return of 5.01%. The building is fully managed by a professional management company with an on-site superintendent. The transaction is handled under a general intermediary arrangement.
The location is highly accessible, within an 8-minute walk from Shibuya Station on the JR Yamanote Line and Keio Inokashira Line, and a 6-minute walk from Shinsen Station on the Keio Inokashira Line. The area of South Daimachi is a quieter, upscale residential enclave just minutes from the global crossroads of Shibuya Scramble. An interesting local fact is that the nearby Shinsen area is known for its concentration of traditional Japanese *izakaya* (pubs) and restaurants, popular with locals after work. The closest major landmark is the iconic Shibuya Crossing, one of the busiest pedestrian intersections in the world, symbolizing Tokyo's dynamic energy.
