Sakamoto Heights: A Compact Investment Apartment in Nerima, Tokyo
Sakamoto Heights is a small, two-unit apartment building located in the quiet residential neighborhood of Kasugacho, Nerima Ward, Tokyo. Built in December 2004, this wooden two-story structure offers a straightforward investment opportunity with both units currently occupied by tenants. The property features a total building area of 49.68 sqm (approximately 15.02 tsubo) and sits on a land area of 51.47 sqm (approximately 15.56 tsubo), with an additional approximately 11.73 sqm of private road.
The property is for sale at 31,800,000 yen. Each of the two units is a 1K layout with a private area of 24.84 sqm. The current annual rental income is 1,608,000 yen, with an assumed yield of 5%. It is important to note the agent's remarks regarding these figures: The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, and is calculated before deducting taxes, public charges, and other expenses necessary to maintain the property. Furthermore, the assumed rent and assumed yield are calculated based on prevailing market rents, adding rent for vacant units to simulate full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 30, 2026).
A critical point from the agent's special notes is that the property is currently tenanted (tenant lease agreements are to be taken over). Crucially, this building does not front a road as defined by the Building Standards Act, so, in principle, construction, extension, or rebuilding of the building is not permitted. However, if permission under Article 43, Paragraph 2, Item 2 of the Building Standards Act is obtained with the agreement of the Building Review Board, then construction, extension, or rebuilding of a building becomes possible.
The location offers access to two train lines: a 13-minute walk to the Toei Oedo Line's Nerima-Kasugacho Station and a 15-minute walk to the Tokyo Metro Yurakucho Line's Heiwadai Station. The area is zoned as Category I Low-Rise Exclusive Residential District, ensuring a peaceful environment. Nerima Ward is a largely residential part of Tokyo known for its parks and family-friendly atmosphere. An interesting local landmark is the Nerima Art Museum, which focuses on contemporary Japanese art and is situated within the expansive grounds of Nerima Ward's central park complex.
