For SaleCondominium

Landpia Tokiwadai

Maeno-cho 6-chome, Itabashi-ku, Tokyo
  • Corner unit
Asking Price
¥9,900,000
Est. Net Yield: 2.23%
Landpia Tokiwadai - 1/3
1 / 3

Executive Summary

This is Landpia Tokiwadai, a 5-story reinforced concrete (RC) condominium built in May 1992, located in Maeno-cho 6-chome, Itabashi-ku, Tokyo. Transit access includes a 12-minute walk from Kami-Itabashi Station on the Tobu Tojo Line, a 15-minute walk from Tokiwadai Station on the Tobu Tojo Line, and a 22-minute walk from Shimura-sanchome Station on the Tokyo Mita Line. The subject unit is situated on the 4th floor with a 1K layout and a floor area of 16.4㎡, oriented as a southwest-facing corner unit. It features lighting from two sides, and the building and unit equipment include an auto-lock system, security cameras, an elevator, a delivery box, an air conditioner, an indoor washing machine space, city gas, and other amenities. Land rights are ownership, and the zoning is Category I Residential Zone. The property is currently tenanted, and handover timing is open for discussion. Nearby amenities include a convenience store (195m, 3-minute walk), commercial facilities (407m, 6-minute walk), a library (491m, 7-minute walk), a medical facility (621m, 8-minute walk), and a post office (660m, 9-minute walk).

Property Details

Building Area
16.4 ㎡
Layout
1K
Studio with separate kitchen
Structure
RC
Built Year
1992
Floors
Floor 4 of 5
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥520,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Category 1 residential zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
穴吹ハウジングサービス
Total units
19 units

Utilities & nearby

Gas
City gas

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Est. Gross Yield5.3%
Est. Net Yield2.23%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.30%
Est. Net Yield
2.23%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥10,050,000+¥220,000¥370,0003.5%-3.6%
2yr¥10,200,000+¥440,000¥740,0006.9%-0.1%
3yr¥10,350,000+¥660,000¥1,110,00010.5%1.1%
4yr¥10,510,000+¥880,000¥1,490,00014%1.7%
5yr¥10,670,000+¥1,100,000¥1,870,00017.5%2.1%
6yr¥10,830,000+¥1,320,000¥2,250,00021.1%2.3%
7yr¥10,990,000+¥1,540,000¥2,630,00024.7%2.5%
8yr¥11,150,000+¥1,770,000¥3,020,00028.3%2.6%
9yr¥11,320,000+¥1,990,000¥3,410,00032%2.7%
10yr¥11,490,000+¥2,210,000¥3,800,00035.6%2.8%

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥757,700
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥392,700
Real Estate Acquisition Tax (est., rate varies by property type)¥170,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥110,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

Book from open times

Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

Apply online

Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
Inquire