aLATO Yutenji: A Prime Investment Property in Setagaya, Tokyo
This property presents a rare opportunity to acquire a newly constructed, multi-unit residential and commercial building in the highly desirable Setagaya Ward of Tokyo. The complex, known as aLATO Yutenji and aLATO Yutenji ANNEX, was completed in December 2024 and offers a total building area of 594.28 sqm (approximately 179.76 tsubo) on a land area of 330.56 sqm (approximately 99.99 tsubo), with an additional approximately 60.6 sqm of private road. The main building is a 4-story reinforced concrete structure containing 11 residential units with floor areas ranging from 40.2 to 56.11 sqm, plus one commercial unit. The property is currently tenanted, providing immediate rental income.
Critical investment details are outlined in the agent's special notes. The projected annual rental income at full occupancy is 40,066,800 yen, yielding a projected gross yield of 3.9%. It is crucial to note that this yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes, public levies, and other necessary maintenance costs. The projected rent and yield are estimates based on market rates, assuming full occupancy by including potential rent for currently vacant units. Importantly, future rental income is not guaranteed. The survey date for this information is February 16, 2026.
A significant feature is that the sale includes an additional building. Beyond the main structure described above, the following building is also part of the transaction: a 2-story wooden shop building with a total floor area of 69.73 sqm, also built in December 2024. This shop is currently leased, and the lease agreement must be transferred to the new owner. Part of this shop building is located within a planned city planning road area.
The location offers excellent convenience, being just a 12-minute walk from Yutenji Station on the Tokyu Toyoko Line, providing direct access to Shibuya and central Tokyo. The area around Yutenji is known for its relaxed, residential atmosphere with a plethora of boutique cafes and stylish shops, blending suburban calm with urban accessibility. A major nearby landmark is the historic Gotoh Museum, renowned for its exquisite collection of Japanese and East Asian art, including national treasures. This property represents a modern investment in a classic Tokyo neighborhood, combining new construction with established demand.
