Compact Investment Condominium in Tokyo's Yoyogi
This property is a compact 1K (one room with kitchen) condominium unit located on the 2nd floor of a 5-story reinforced concrete (RC) building constructed in March 1985. The unit has a wall-core exclusive area of 11.13 sqm (approximately 3.36 tsubo). The monthly running costs include a management fee of 8,900 yen and a repair reserve fund of 5,000 yen. The building offers a bicycle parking area available for a monthly fee of 800 yen. The property is currently tenanted, with an estimated annual rental income of 651,600 yen, projecting a yield of approximately 5.92%. An owner change is scheduled for the year. The transaction is handled directly by the seller.
The building is situated in the bustling Shibuya Ward of Tokyo, specifically in the Yoyogi 3-chome area. It boasts excellent access to multiple train lines, being within an 8-minute walk from Minami-Shinjuku Station on the Odakyu Odawara Line, and a 10-minute walk from both Sangubashi Station (Odakyu Line) and Hatsudai Station (Keio Line). The location falls within a Category II Medium-to-High-Rise Exclusive Residential Zone. The building is managed by Community One Co., Ltd., under a fully delegated management system with a daytime superintendent and an active management association.
The Yoyogi area is a vibrant district known for its blend of urban energy and green spaces. An interesting local fact is that the nearby Yoyogi Park, one of Tokyo's largest city parks, was originally the site of the athletes' village for the 1964 Tokyo Olympics before being transformed into the public park it is today. The property is also within close proximity to the iconic Meiji Jingu Shrine, a major Shinto shrine dedicated to Emperor Meiji and Empress Shoken, surrounded by a expansive, serene forest right in the heart of the metropolis.
