[Assessed 113.5%] Apartment building in Chigasaki, Kanagawa — 18 min from Chigasaki Sta.

A wooden apartment building in Higashikaigan-minami 2-chome, Chigasaki, Kanagawa, an 18-minute walk from Chigasaki Station on the JR Tokaido Line (about 0.9 km in a straight line). Shinagawa is about 50 minutes from Chigasaki Station by the Tokaido Line. Measured in a straight line from the listing's map coordinates to OpenStreetMap locations, a Lawson convenience store is about 150 m away, the Lasca Chigasaki station building about 900 m, a 24-hour Maxvalu Express supermarket about 1.1 km, Plenty's Parlor cafe about 360 m and DIG IN SANDWICH about 390 m.

The two-storey wooden building was completed in June 2024 and has six 1K units (32.56-33.18 m² each, separate bath and toilet) with a total floor area of 196.64 m². The land is 239.21 m² (registered area, freehold, residential land) in a Category 1 low-rise residential zone and quasi-fire-prevention district, with a 50% building coverage ratio, 100% floor area ratio and a 100 m² minimum lot size. Features include an auto-lock entrance, video intercom, delivery lockers, bathroom dryers and bidet toilets. The building is tenanted, with projected full-occupancy income of 5.76 million yen a year (6.00% gross yield). The lot faces a public road (4.0 m) to the northwest and a private road (2.8 m) to the west, with a private-road portion of 3.20 m². ⚠️ The listing does not state whether a share of the private road or consent for passage and excavation is included, and if the 2.8 m private road is a Article 42-2 road under the Building Standards Act, a setback will be required.

We used 295,000 yen/m² (leasehold ratio D) from the fiscal 2026 route price map, the most common value on the local streets of Higashikaigan-minami 2-chome. The same route was 250,000 yen in 2024 and 275,000 yen in 2025, a rise of about 18% over two years. The land is valued on an effective area of 236.01 m² after deducting the 3.20 m² private-road portion, and with the remaining value of the two-year-old wooden building the assessed ratio is 113.5%. Without the deduction it is 114.5%; using the 280,000 yen band near the lot gives 109.8%, and even the lowest band in the district (275,000 yen) gives 108.6%.

We reviewed every listing photo: the exterior and floor plan on Kenbiya and ten photos from another listing of the same building on Rakumachi (Works Co., Ltd.). On the northwest public road side, the gate and mailboxes are level with the road, with no step or stairs at the frontage. The site is flat, the side boundaries are block walls about 0.6-1.2 m high, the neighbouring ground appears roughly level with the site, and no retaining walls or slopes are visible. It is a corner lot with roads on two sides, not a flag-shaped lot, and the building stands detached with gaps on both sides. ⚠️ The boundary behind the camera position of the rear photo and the boundary along the western private road are not shown head-on, so any height difference there is unconfirmed. ⚠️ The Kenbiya listing was registered on 23 September 2026, but the same property appears 19 times on Rakumachi, the oldest registered on 14 July 2025, so it has been on the market for about 14 months.