Compact Investment Apartment in Setagaya's Serene Neighborhood
This property is a studio apartment (One Room) located on the second floor of a four-story reinforced concrete (RC) building constructed in September 1987. The unit has a wall-core exclusive area of 20.7 sqm (approximately 6.26 tsubo) and features a southwest-facing balcony for natural light. The building, Stanford Heights, contains a total of 19 units and is managed by Kuni Management Co., Ltd. under a fully outsourced, patrol-based management system.
Key equipment and features include a bicycle parking area. Special notes indicate the property is currently tenanted, providing an estimated annual rental income of 744,000 yen and a projected yield of 6.46%. The transaction is an owner change, and immediate handover is possible. The property comes with defect insurance (瑕疵保険) and an equipment warranty. The land is designated as a Category I Exclusive Residential Zone.
The apartment is situated in the quiet, residential Wakabayashi 1-chome area of Setagaya Ward, Tokyo. It offers excellent access via the Tokyu Setagaya Line, with Wakabayashi Station a 4-minute walk away, Nishi-Taishido Station a 6-minute walk, and the vibrant hub of Sangenjaya Station reachable in a 9-minute walk. The area is known for its relaxed atmosphere while being well-connected. An interesting local fact is that the nearby Sangenjaya area is famed for its dense network of narrow, atmospheric alleyways (yokocho) filled with tiny bars and eateries. The closest major landmark is the historic Gotokuji Temple, a serene temple known as the birthplace of the 'maneki-neko' or beckoning lucky cat.
