[Assessed 103.6%] Apartment building in Hodogaya Ward, Yokohama, Kanagawa — 12 min from Kamihoshikawa Sta.

⚠️ The listing carries only one exterior photograph, in which a concrete-block wall at least 1.2 metres tall is visible on the east side of the site. We could not determine from the photograph whether this wall retains soil or is merely a boundary wall, nor how tall the retained height is. This site excludes properties with retaining walls of 1 metre or more, but because the height is unconfirmed and the assessed ratio exceeds 100 percent, the property is listed as a candidate. An on-site check or an enquiry to the agent is needed.

A wooden apartment building in Sakamotocho, Hodogaya Ward, Yokohama, Kanagawa (spelled with a different first character in the listing), a 12-minute walk from Kamihoshikawa Station on the Sotetsu Main Line. Two storeys, 7K layout with 7 units, currently let as a share house (owner-change sale). Expected annual income is 1.56 million yen, a gross yield of 9.57 percent. A Sotetsu Rosen and a Summit supermarket and several restaurants sit by the station.

The land measures 135.03 sqm (registry) and the building 105.76 sqm, built in February 1981. Freehold, in an urbanisation promotion area zoned Category 1 Low-Rise Exclusive Residential (50 percent coverage, 100 percent floor area ratio). Frontage is a 5.0-metre private road to the west; no private-road burden is listed, and the listing says nothing about whether a share is held or whether consent for passage and excavation exists. Utilities are mains water, city gas and public sewerage.

Applying the fiscal 2026 inheritance-tax road price of 125,000 yen per sqm to the 135.03 sqm plot gives a land value of about 16.88 million yen. Being a 45-year-old wooden building, the building value is zero. Against the 16.3 million yen asking price the assessed ratio is 103.6 percent, so the inheritance-tax value of the land alone slightly exceeds the asking price. The road price has been flat at 125,000 yen for three years.

This is hilly terrain in Hodogaya Ward where level differences between neighbouring plots are common. The photograph also suggests the house to the north may sit lower than this site, though that too could not be confirmed. As the lot number is not published, the road price is the representative value for local streets within the district, and the private road in front carries no road price of its own.