2048 E 3rd Street, Benicia, CA 94510, Benicia, 94510 - 3 bed, 2 bath
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Benicia, CA 94510
This property presents a Prime Investment Opportunity with a List Price of $915,000—positioned well below the $943,416 Fair Market Value by 3%. This valuation gap offers $28,416 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant value-add potential through the detached garage’s ADU conversion capability and scenic water views. While the historic infrastructure requires maintenance, the property’s prime location near downtown Benicia makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2048 E 3rd Street Subject | $899,000* List Price | 3 | 2 | 2,510 | $367 | - |
A 648 E J Street Sold | $885,000 | 4 | 3 | 2,145 | $413 | 0.8 mi |
B 153 Incline Place Sold | $953,000 | 3 | 3 | 2,371 | $402 | 0.5 mi |
C 345 E O Street Sold | $749,000 List Price | 4 | 3 | 1,985 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1890 with visible updates to flooring and countertops, but the kitchen remains dated with older oak cabinetry and white appliances (likely 20+ years old). Exterior wood structures, including the deck and pergola, show significant weathering and require maintenance/refinishing.
The detached garage features existing plumbing, offering a significant value-add opportunity for conversion into an Accessory Dwelling Unit (ADU), guest house, or a professional-grade workshop.
The oversized upstairs loft provides beautiful water views, adding a premium aesthetic element and enhancing the overall desirability of the interior living space.
Ideally situated near charming downtown Benicia and Hwy 780, the property offers a rare combination of a serene, park-like setting with immediate access to local amenities and commuting routes.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2510, other record living area = 1910.
Built in 1890, the property's age may necessitate higher ongoing maintenance costs or updates to vintage systems to meet modern efficiency standards.
The home is nestled above street level, which may present accessibility challenges or require navigating stairs to reach the main entrance and outdoor living areas.
Benicia Beauty! Nestled above street level in a serene park-like setting, this gorgeous home offers exceptional outdoor living with fenced yard and a private hot tub retreat. Featuring 3 bedrooms and 2 baths, the home boasts an oversized upstairs loft room with beautiful water views, full bed and bath on main level, A detached garage with plumbing provides endless possibilities for a workshop, ADU, or additional living space. Conveniently located near Hwy 780 and charming downtown Benicia. Truly an amazing place to call home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 2,510 | 2,069.5 | 73% |
| Lot Size | 6,970 | 9,008.5 | 25% |
| Price | $899.0K | $860.0K | 59% |
| Price per sq ft | $358 | $411 | 32% |
| Built year | 1890 | 1980 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 202 | 2% |
Jun 4, 2026
$899,000
$915,000
-2% Price Drop
Initial Listing
May 19, 2026
$915,000
Initial Listing
Mar 28, 2018
$640,000
Public Record