Compact Investment Apartment in Serene Setagaya
This studio apartment, located in the quiet residential neighborhood of Sakuragaoka, Setagaya Ward, Tokyo, offers a compelling investment opportunity. The property is a 10.94 square meter (approximately 3.3 tsubo) unit on the top (4th) floor of a 4-story reinforced concrete (RC) building constructed in June 1984. It features a south-facing orientation with no building directly in front, ensuring good natural light. The building underwent major common area renovations in August 2016 and is equipped with an auto-lock security system for resident safety.
Translated agent notes provide essential details. The equipment includes an air conditioner, a space for a washing machine, auto-lock, top-floor location, city gas, and a paid bicycle parking area (monthly fee of 1,000 yen). Special features note the quiet residential area, the absence of a building directly in front, and an exterior finished with tiles. A critical remark states that reproduction of the listing is strictly prohibited, and there is a fee of 33,000 yen (tax included) per image/floor plan for professional use.
The property is currently tenanted, providing an immediate annual rental income of 660,000 yen, which translates to a surface yield of 7.76%. The monthly running costs consist of 8,000 yen in management fees and 3,000 yen in repair reserve fund contributions. The location is highly convenient, being just a 6-minute walk from Chitose-Funabashi Station on the Odakyu Odawara Line, offering a direct 22-minute local train ride to Shinjuku.
The surrounding area of Setagaya is known for its blend of residential calm and urban convenience. An interesting local fact is that the nearby Todoroki Valley is Tokyo's last remaining natural ravine, a serene green escape within the metropolis. For recreation and culture, residents can easily visit the Gotoh Museum, renowned for its exquisite collection of Japanese and East Asian art, located a short train ride away.
