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横浜市戸塚区汲沢2丁目 一棟アパート
Assessed 104.7%Apartment buildingTotsuka Ward, Yokohama, KanagawaOdoriba Sta. 10 min walk

[Assessed 104.7%] Apartment building in Totsuka Ward, Yokohama, Kanagawa — 10 min from Odoriba Sta.

Published: Aug 29, 2026Updated: Aug 29, 2026

Property Overview

LocationTotsuka Ward, Yokohama, Kanagawa
Nearest StationYokohama Municipal Subway Blue Line Odoriba Sta.
Walk10 min walk
Assessed Ratio104.7%Assessed 104.7%
Price¥30,000,000
TypeApartment building
Expected Yield23.34%
StructureReinforced concrete (RC)
BuiltBuilt Sep 1969 (57 years old)
Land Area165.34㎡
Building Area264.41㎡

Where This Property Is Listed

This property appears on the sites below. Listings matching on location, land area and building area are merged into a single article as the same property.

Rakumachi¥30,000,000View listing

Assessed Value Breakdown

Land assessed value¥31,414,600
Building assessed value¥0
Total assessed value¥31,414,600
Asking price¥30,000,000
Assessed ratio104.7%

Calculation basis

  • Land = road price ¥190,000/m² × land area 165.34m²
  • Building = replacement cost ¥330,000/m² × floor area 264.41m² × remaining life 0y ÷ statutory life 47y
  • Built Sep 1969 (57 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +5.6%
YearRoad price (JPY/m²)YoY
2024180,000
2025185,000+2.8%
2026190,000+2.7%

Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.

How We Checked This Property

Rather than reprinting the listing, we calibrated five roadside-value map sheets against block coordinates from the Geospatial Information Authority to choose the representative road, and — the listing having no photographs at all — measured elevation across the whole district to establish what the terrain can tell us.

Locating the road price

Kumizawa 2-chome spans five roadside-value map sheets. We obtained the coordinates of all 27 blocks from the Geospatial Information Authority and matched them against the block numbers on the maps. Every block that could be sold as housing carries 185,000 yen or more; the 145,000 yen figure applies only in front of a high school. We conservatively took 190,000 yen, the value on the district road serving the southern blocks that correspond to a 10-minute walk from the station. Even the lowest residential figure of 185,000 yen gives 102.0 percent.

View source
On-site check from photos

The listing carries no site photographs at all. Examining the page HTML showed there is no photograph frame — they were not missed in retrieval, they were never posted. The same property could not be found on the other three sites, the seller's own website or in a web search. Retaining walls, steps, stair access, flagpole shape and shared walls are therefore all unjudged.

Rights and restrictions

We measured elevation at all 27 block reference points in Kumizawa 2-chome using Japan's 1-metre-mesh data. The plateau to the north is fairly flat at 62.1 to 64.6 metres, but the south-east drops sharply from 58.3 to 45.3 metres, a difference of 19.3 metres across the district. The southern blocks corresponding to a 10-minute walk fall on that slope, so retaining walls or a step at the road are far from unlikely. The lot number is withheld, so the site itself could not be measured.

Listing check

The notes state that both the floor area and building coverage ratios are exceeded, making this legally non-conforming. On 165.34 sq m of land the 264.41 sq m of floor area works out at about 160 percent against a designated 150 percent, so it cannot be rebuilt at the same size. Part of the land also carries a registered easement for a transmission line.

What We Could Not Confirm

  • The listing carries no site photographs at all, so retaining walls, a step at the road, stair access, a flagpole shape and shared walls are all unjudged. The southern part of the district drops by up to 19.3 metres, so an inspection on site is needed.
  • The building is legally non-conforming on both floor area and coverage ratios. It cannot be rebuilt at the same size, and any replacement would have less floor area.
  • Part of the land carries a registered easement for a transmission line. No restricted area is stated, so we assess the land without deducting any, and the ratio may be higher than the reality.
  • The notes state that the second and third floors are in poor condition and that doors may not open. A full refurbishment is effectively assumed, and those costs are not reflected in the price.
  • The 23.34 percent gross yield is not based on actuals. The notes state that the rent for unit 103 and the second floor is calculated from past results and that the third floor was used as company housing with no rental record. The address is also withheld below chome level.

Rather than reproducing the listing as-is, we verified the figures against public sources such as the official road price maps and the listing photos. This is not based on a site visit, so please confirm on site and with the seller before deciding.

Neighborhood ① Shopping Near the Station

Summit
4 min walk from the station

A supermarket near Odoriba Station, about 280 metres from the district centre in a straight line.

Source
FamilyMart
2 min walk from the station

A convenience store in front of Odoriba Station, about 120 metres from the district centre in a straight line.

Source
Lawson
2 min walk from the station

A convenience store in front of Odoriba Station, about 160 metres from the district centre in a straight line.

Source

Neighborhood ② Dining Near the Station

Pizzeria fortuna
3 min walk from the station

A pizzeria near Odoriba Station, about 170 metres from the district centre in a straight line.

Source
Denny's
6 min walk from the station

A family restaurant near the station, about 420 metres from the district centre in a straight line.

Source
Matsuya
6 min walk from the station

A beef bowl chain near the station, about 400 metres from the district centre in a straight line.

Source

About This Property

A whole apartment building in Kumizawa 2-chome, Totsuka Ward, Yokohama, a 10-minute walk from Odoriba Station on the Yokohama Municipal Subway Blue Line. Three convenience stores sit by the station, a supermarket about 300 metres away, and restaurants cluster around the station. Yokohama Station is about 20 minutes on the Blue Line.

A three-storey reinforced concrete building of five units on 165.34 sq m of land with 264.41 sq m of floor area, built in September 1969. Zoning is Category 2 medium-high residential, designated at a 60 percent building coverage ratio and a 150 percent floor area ratio; the notes state that both are exceeded, making this a legally non-conforming building that cannot be rebuilt at the same size. At 57 years old we carry the building at zero.

The 2026 inheritance-tax roadside land value is 190,000 yen per sq m, giving a land assessment of 31.41 million yen, or 104.7 percent of the 30 million yen asking price. The roadside value has risen 5.6 percent over three years from 180,000 yen in 2024.

Note that the listing carries no site photographs at all, so retaining walls, steps, stair access and shared walls are all unjudged. Part of the land also carries a registered easement for a transmission line. The notes state the second and third floors are in poor condition, so a full refurbishment is assumed.

Estimated Financing

Assessed value ¥31,414,600 → estimated loan ¥30,000,000 (100% of the asking price)

Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

静岡銀行
Regional bankLand-value focusedStrong with apartment buildingsGood with older buildings
本業年収700万円以上が検討対象。 相続税路線価から算出した「土地の積算」が60%以上出ていれば、基本的にフルローンとなる。 修正後バランスシートも重視しており、属性枠だけで終了する訳ではない為、可能な限り「土地」が高積算の物件を買い進めていきたい。
L&Fアセットファイナンス
Non-bank lenderLand-value focusedStrong with apartment buildingsGood with older buildings
土地値が出る築古系が得意。 属性はほぼ問わない。 どんなに担保評価が付いたとしても8割融資が目安。 建物の価値に対してはほぼ担保評価を付けてくれない為、新築や築浅の物件は要注意。 但し、建売の売れ残りや変形地等の場合は、土地が広くて担保評価が伸びたり、賃料が高くて収益還元評価が伸びたりして、思わずハマるケースがある。 また、産休中でも行けた、貴重な存在の金融機関である。
関西みらい銀行
Regional bankAssessed-value focusedStrong with apartment buildings
土地から新築OK。 築古過ぎず、好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 産休中はNG。 築古過ぎる場合は、信用金庫・信用組合のセゾンファンデックス保証付の不動産担保ローンが適す。

General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

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[Assessed 104.7%] Apartment building in Totsuka Ward, Yokohama, Kanagawa — 10 min from Odoriba Sta.|積算100