[Assessed 90%] Apartment building in Izumi Ward, Yokohama, Kanagawa — 8 min from Tateba Sta.

A whole-building apartment in Izumi-Chuo-Minami 2-chome, Izumi Ward, Yokohama, Kanagawa, an 8-minute walk (about 640 m) from Tateba Station on the Yokohama Municipal Subway Blue Line. Zoning is Category 1 low-rise exclusive residential (50% building coverage, 80% floor area ratio) in the urbanisation promotion area, with the National Land Use Planning Act pre-check completed. The listing names no nearby facilities, but the Ito-Yokado Tateba store (Nakada-Nishi 1-1-15) is a 1-minute walk from the station, so daily shopping is covered around the station.

A two-storey wooden building completed in September 1999 (27 years old) with two 2DK units of 49.68 sqm each, a total floor area of 99.36 sqm on 125.96 sqm of land (registered). Each unit has its own bath, washbasin and toilet, and the upstairs unit is reached by an external staircase. Freehold; the site fronts a 4.3 m private road on the south-east side only (15.0 m frontage), and the private-road burden is stated as a 1/28 co-ownership share of 417.34 sqm. Currently tenanted (owner change) with expected annual rent of 1.92 million yen and a 6.09% gross yield; LP gas, free parking, immediate handover available (negotiable), exclusive agency (Tokyu Livable Totsuka Center), listed 15 September 2026. The remarks and restrictions fields contain no mention of non-rebuildable status, proviso roads, cliff ordinances, passages or encroachment.

For the assessed value we traced every local road in Izumi-Chuo-Minami 2-chome on the 2026 rosenka maps (sheets 68081 and 68093) and took the most frequent figure, 225,000 yen/sqm (leasehold ratio D), as the representative value. The building is past its 22-year statutory life and counts as zero; the private-road share is a fractional, separately registered parcel, so the full 125.96 sqm is assessed, giving about 28.34 million yen, or 90.0% of the 31.5 million yen price. However, the 4.3 m private road the property fronts carries no rosenka value, and the public roads it connects to are in the 200,000-205,000 yen/sqm band; using those brings the ratio down to 80.0-82.0%. At the lowest band in the district, 180,000 yen/sqm, it would be 72.0%. The district's rosenka has risen three years in a row (205,000 → 215,000 → 225,000 yen/sqm).

Of the 22 listing photos we examined the exterior, two views of the surroundings from the second-floor balcony and the floor plan. The private road and the site are level (kerb about 10 cm), with no retaining walls, stair access or slopes; the right-hand neighbour is a car park at the same level and the left-hand neighbour a house at the same level, with only mesh fences and low block walls on the boundaries. The balcony photos show the private road running flat and straight with houses along it at the same level, and no earth retention around the site. The external staircase serves the upstairs unit and is not a stepped approach. A similar apartment stands next door, but there are gaps on both sides so this is a detached building, and with 15.0 m of frontage on a regular lot it is not a flag lot.