Compact Investment Apartment in Setagaya's Serene South Karasuyama
This 1K apartment, located on the second floor of a five-story reinforced concrete building, presents a practical investment opportunity in the desirable Setagaya ward of Tokyo. With a wall-core exclusive area of 17.28 sqm (approximately 5.22 tsubo), the unit includes a 6.34 sqm balcony with a primary western exposure. The property is currently tenanted, offering an estimated annual rental income of 684,000 yen and a projected yield of 7.6%. Monthly fees include 9,260 yen for management and 8,190 yen for repair reserves.
Key equipment and features include a bicycle parking area. Special notes indicate an owner change is scheduled. The transaction is handled under an exclusive intermediary arrangement. The building, named Karasuyama Daikan Plaza I-Gokan, was constructed in July 1985 by Okumura Corporation and is managed by Tetsu Community Life Co., Ltd. The total site area is 546.73 sqm. The property is situated in a Category I Exclusive Residential Zone.
The South Karasuyama neighborhood offers a peaceful residential atmosphere while being highly convenient, just a 4-minute walk from Keio Line's Chitose-Karasuyama Station. This provides direct access to Shinjuku and the broader Tokyo network. An interesting local fact is that the area is known for its numerous small shrines and temples nestled within the residential streets, reflecting its long history. For recreation and nature, residents can easily visit the expansive Karasuyama Green Road, a popular scenic walking path that follows the Zenpukuji River, offering a tranquil escape from the city bustle.
