Compact Investment Apartment in Setagaya's Desirable Tama River Area
This studio apartment, located on the 7th floor of a 7-story reinforced concrete building, offers a compact yet functional living space of 18.42 square meters (approximately 5.57 tsubo) with a 1.17 square meter balcony facing northwest. The property is currently tenanted, providing an immediate annual rental income of 780,000 yen and a projected yield of 5.86%. A major renovation was completed on the building in 2017, ensuring its long-term maintenance and value.
Key features and equipment translated from the agent notes include: air conditioning, a space for a washing machine, an auto-lock security system, a corner unit location, top-floor positioning, city gas, a water heating system, an elevator, and a parcel delivery box. The building is managed by a homeowners' association with a fully outsourced, patrolling management system, and the property comes with defect insurance and a performance evaluation.
Situated in the Higashi-Tamagawa 1-chome district of Setagaya Ward, Tokyo, the apartment is conveniently located within a 9-minute walk from Den-en-chofu Station on the Tokyu Toyoko Line and a 7-minute walk from Okusawa Station on the Tokyu Meguro Line. The area is zoned as a Quasi-Commercial District (Category 1 Medium-to-High-Rise Exclusive Residential Zone). The property is offered for sale at 13,300,000 yen, with monthly management fees of 6,990 yen and a repair reserve fund of 4,420 yen.
The Higashi-Tamagawa area is a peaceful, residential neighborhood known for its proximity to the Tama River, offering scenic walking and cycling paths along its banks. An interesting local fact is that the nearby Tamagawa Josui, an aqueduct built in 1653 during the Edo period, still supplies water to parts of Tokyo today, showcasing remarkable historical engineering. The closest major landmark is the historic Den-en-chofu district itself, renowned for its upscale, garden-city design inspired by early 20th-century urban planning concepts.
