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1040 Delacy, Martinez, California 94553, Martinez, 94553 - bed, bath

1040 Delacy, Martinez, California 94553 home-pic-0
ACTIVE$1,200,000
1040 Delacy, Martinez, California 94553
0Bed
0Bath
Sqft
8,062Lot
Year Built
2007
Close
-
List price
$1.2M
Original List price
$12M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41117710
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(63th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).

This fantastic tri-level duplex offers exceptional passive income, featuring three well-maintained units, each occupied by reliable long-term tenants. Located in a safe neighborhood with a high-performing school district, this property is ideal for both seasoned and first-time investors.The home combines craftsman-style street appeal with an oversized lot and a spacious backyard. Each unit includes its own kitchen, laundry area, and private entrance, providing convenience and privacy for tenants. Two side-yard decks and newly updated front fencing further enhance the property’s charm and functionality. With strong rental demand and quality construction, this is a high-value investment opportunity you won’t want to miss.

Nearby schools

6/10
John Muir Elementary School
Public,•K-5•0.7mi
8/10
Morello Park Elementary School
Public,•K-5•0.9mi
3/10
Las Juntas Elementary School
Public,•K-5•1.1mi
4/10
Martinez Junior High School
Public,•6-8•1.3mi
7/10
Alhambra Senior High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
11/19/25
Price Change
$1,200,000-90.0%
11/18/25
Listing
$12,000,000
08/27/21
Sold
$852,000
03/14/07
Sold
$278,000
Condition Rating
Good
Built in 2007, this property is 17 years old, aligning with the 'Good' condition criteria. The units appear well-maintained and move-in ready. Kitchens feature functional stainless steel appliances, though the cabinet color, backsplash, and lighting fixtures present a slightly dated aesthetic. Bathrooms are clean and functional but basic in style. Hardwood/laminate flooring is consistent throughout. There are no immediate signs of major repairs or deferred maintenance, indicating a well-kept property.
Pros & Cons

Pros

High Income Potential & Occupancy: Features three well-maintained units with reliable long-term tenants, offering exceptional passive income and investment stability.
Desirable Location & School District: Located in a safe neighborhood with a high-performing school district, enhancing tenant appeal and long-term property value.
Modern Construction & Quality: Built in 2007 with quality construction, suggesting lower immediate maintenance needs and adherence to modern building standards.
Self-Contained Units: Each unit includes its own kitchen, laundry area, and private entrance, maximizing tenant convenience, privacy, and retention.
Generous Outdoor Space: Benefits from an oversized lot, spacious backyard, two side-yard decks, and newly updated front fencing, adding to curb appeal and tenant amenities.

Cons

Significant Price History Discrepancy: The initial listing price of $12,000,000, drastically reduced to $1,200,000, indicates a major data entry error or a highly questionable initial valuation that requires clarification.
Inconsistent Unit Count/Property Type: The description states 'three well-maintained units' and 'tri-level duplex,' while the `sub_type` is 'Duplex,' creating ambiguity regarding the actual number of income-generating units.
Listing Data Errors: The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), indicating potential data entry inaccuracies in the listing that could affect perceived reliability.

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