Spacious 1LDK Apartment in Serene Setagaya with Excellent Transport Links
This well-maintained 1LDK apartment is located in the quiet and desirable neighborhood of Okusawa, Setagaya Ward, Tokyo. The property offers convenient access to three train stations: Okusawa Station on the Tokyu Meguro Line is a 5-minute walk, Midorigaoka Station on the Tokyu Oimachi Line is 6 minutes away, and the fashionable hub of Jiyugaoka Station is reachable within an 11-minute walk. The apartment itself is situated on the 3rd floor of a 5-story reinforced concrete (RC) building constructed in October 1973, which underwent a major renovation in August 2015.
The unit features a wall-core exclusive area of 29.79 sqm (approximately 9.01 tsubo) and benefits from dual-aspect lighting, creating a bright and airy living space. The interior was fully renovated in July 2017, including flooring, walls, ceilings, and fixtures. Equipment includes a kitchen with a 2-burner stove and grill, ample storage space and closets, an in-unit laundry area, flooring in all rooms, a monitor-equipped intercom, and a fire alarm. The property uses city gas.
Currently tenanted, the apartment presents an investment opportunity with an estimated annual rental income of 115,200 yen and a projected yield of 5.2%. Monthly fees include 4,500 yen for management and 10,500 yen for repair reserve fund. The building is under self-management without a resident superintendent.
The Okusawa area is known for its peaceful, residential atmosphere while being just minutes from the vibrant streets of Jiyugaoka, famous for its European-style cafes, boutique shops, and gourmet food stores. A notable local landmark is the historic Gohon-ji Temple, a serene Buddhist temple complex with beautiful grounds, located within the neighborhood.
