Yell Acquires Rental Apartment Property in Seijo, Setagaya Ward
Yell has acquired “Seijo Shimada Mansion,” a rental apartment property in Seijo 6-chome, Setagaya Ward, Tokyo, from Horikawa Sangyo. The property is a 15-unit apartment building located a three-minute walk from Seijogakuen-mae Station on the Odakyu Odawara Line. It is a three-story reinforced concrete building.
Completed in February 1997, the property has a Gross Floor Area of approximately 168 tsubo (approx. 5,978 sq. ft.). Seijogakuen-mae Station is an express stop on the Odakyu Line, offering strong access toward Shinjuku, and the area around the station has a concentration of retail facilities. At the same time, the surrounding area offers a quiet residential environment centered on low-rise housing. The area is well known as one of Tokyo’s leading residential neighborhoods and is expected to see stable rental demand.
Buyer Yell is a real estate company headquartered in Akasaka, Minato Ward. In addition to real estate sales, leasing and property management, the company also operates a real estate specified joint enterprise business. Seller Horikawa Sangyo is an energy company founded in 1948 whose core business is LP gas. It also operates a real estate business.
Average asking rents for rental apartment properties within a five-minute walk of Seijogakuen-mae Station had remained stable at around JPY 11,000 per tsubo from 2019 to 2022, but the upward trend became clearer from 2023 onward. As of 2026, asking rents have reached the JPY 12,000 to JPY 13,000 per tsubo range（according to research by the editorial team based on estie Residential Research）.
Key Facts
Property Name: Seijo Shimada Mansion
Buyer: Yell Co., Ltd.
Seller: Horikawa Sangyo Co., Ltd.
Location: 6-16-12 Seijo, Setagaya Ward, Tokyo
Nearest Station: Three-minute walk from Seijogakuen-mae Station on the Odakyu Odawara Line
Completion: February 1997
Number of Floors: 3F
Structure: Reinforced concrete
Area: Gross Floor Area of approximately 168 tsubo (approx. 5,978 sq. ft.)
Total Units: 15