[Assessed 131.8%] Condominium building in Hiratsuka, Kanagawa — 13 min from Hiratsuka Sta.

A condominium building sold as a whole in Tateno-cho, Hiratsuka, Kanagawa, a 13-minute walk from Hiratsuka Station on the JR Tokaido Main Line. It lies in the urbanization promotion area within a Category 1 residential zone (coverage 80%, floor area ratio 200%), and the lot faces a 6 m-wide public road on the east. The listing gives no nearby facilities, so distances below are straight-line distances from the centroid of Tateno-cho based on OpenStreetMap locations: the Royal Host Hiratsuka family restaurant in the same town is about 280 m away, the 7-Eleven Hiratsuka Toyohara convenience store about 270 m, and the OK Store Hiratsuka supermarket about 660 m.

The price is 64 million yen. The land is 225.02 m² (registered), freehold, with no private road burden listed. The building is a steel-framed reinforced concrete (SRC) structure with three floors above ground and one basement level, built in March 1994, with 491.33 m² of total floor area. It contains six units (five 3DK and one 1DK, 20.93-66.05 m² each) plus a basement garage (54.60 m², two cars). ⚠️ Although the building is sold as a whole, the Rakumachi listing notes "sectional ownership of all 7 units", meaning each unit is registered separately as a condominium unit (apparently six dwellings plus one garage section). The form of registration and the details of the land rights attached to the units need to be confirmed with the seller. The transaction is brokered, and the same property has also been listed on Rakumachi since December 2025.

Three units are under a master lease (sublease), two are rented, and one is vacant; one of the two parking spaces is rented. Ending the master lease reportedly requires a payment equal to six months' rent. The gross yield calculated from the full-occupancy income of 4.0132 million yen is 6.27%, but the remarks give an expected gross yield of about 5.98%; because they disagree, this article shows the lower 5.98%. The land is valued at the 2026 route price of 145,000 yen/m² (the most common value on Tateno-cho's local streets), giving an assessed ratio of about 131.8%. The street number is not disclosed, so the road the lot faces has not been identified, but any value in the town's local-street range (130,000-150,000 yen/m²) gives 126.6-133.6%. The floor area appears to include the 54.60 m² basement garage; excluding it, the ratio would be about 122.8%. The route price has risen from 135,000 yen in 2024 to 140,000 yen in 2025 and 145,000 yen in 2026.

⚠️ Only one low-resolution exterior photo was available. The road in front and the first floor are at about the same level, there is no retaining wall at the front, and the ground on the right-hand neighbor's side appears level. However, the level differences and any retaining walls at the rear and sides of the building, and the location of the basement garage entrance and the slope of its ramp, are not shown in the photo and have not been confirmed. Since the building has a basement, an on-site check or an inquiry to the broker is needed.