[Assessed 104.1%] Apartment building in Toshima, Tokyo — 10 min from Higashi-Nagasaki Sta.

A whole-building apartment in Nagasaki 6-chome, Toshima-ku, Tokyo, a 10-minute walk from Higashi-Nagasaki Station on the Seibu Ikebukuro Line. Ikebukuro is about six minutes away, and a Summit Store supermarket sits roughly 140 m from the centre of the district.

Built in October 1991, the wood-frame two-storey building has four units, all 2DK. The land is 237.46 sqm and the total floor area is 236.68 sqm. The land is freehold, the land category is residential, and zoning is Category 1 low-rise exclusive residential with a 60% building coverage ratio and 150% floor area ratio. It is currently tenanted, with projected annual income of 8,200,000 yen and a gross yield of 6.31%.

Against the 130,000,000 yen asking price, the land assessed value at the inheritance-tax road price of 570,000 yen/sqm comes to 135.35 million yen — an assessed ratio of 104.1%. The building is 34 years old, beyond the 22-year statutory life for wood construction, so its assessed value is zero. The road price has risen 23.9% over three years from 460,000 yen in 2024, one of the steeper rises in western Tokyo.

Exterior photographs show the frontage road and the site at the same level, with no retaining wall or stepped access. Note, however, that the listing gives no road-frontage details — please see the research notes.