New Irijiri Mansion: A Compact Investment in Setagaya

This property is a 1DK apartment located on the 12th floor of the 13-story New Irijiri Mansion in Setagaya Ward, Tokyo. With a private interior area of 22.95 square meters (approximately 6.94 tsubo) and a 2 square meter balcony, the unit offers a functional layout for urban living. The building itself, constructed in July 1971 with a steel-reinforced concrete (SRC) structure, is situated on a land plot of 474.33 square meters. The property is currently tenanted, ensuring immediate rental income for the new owner. The annual projected rental income is 888,000 yen, yielding an estimated annual return of 5.95%. The management fee is 3,462 yen per month, with a separate repair reserve fund of 13,000 yen per month. The transaction is a general intermediary, and an owner change is scheduled. The property includes a parking space and comes with defect insurance and performance evaluation guarantees. The land is zoned as a commercial area (primarily residential district).

The Irijiri neighborhood in Setagaya is a vibrant and convenient residential area. It is well-connected, with Irijiri Ohashi Station on the Tokyu Den-en-toshi Line just an 8-minute walk away, providing direct access to Shibuya and central Tokyo. The area is known for its blend of residential calm and local commercial activity. An interesting local fact is that the nearby Sangenjaya area, a short walk from the station, is famous for its dense network of narrow alleyways and tiny bars, offering an authentic Tokyo nightlife experience.

The closest major landmark is the sprawling and historic Gotoh Museum, approximately a 15-minute walk from the property. This renowned museum houses a significant collection of Japanese and East Asian art, including national treasures, within its tranquil Japanese-style garden, providing a cultural oasis in the city.