316 E 2nd St., Benicia, CA 94510, Benicia, 94510 - 3 bed, 3 bath
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Benicia, CA 94510
This Strong Value Opportunity is a 3-bedroom condominium listed at $618,000—positioned well below the $574,768 Fair Market Value by -7%. Featuring a Fair Condition Rating with original 1980s finishes, the property offers significant potential for cosmetic modernization. Residents enjoy a prime waterfront location with Carquinez and Downtown views, plus a private deck and patio. While the $775 HOA fee warrants consideration, the proximity to top-rated schools makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 316 E 2nd St. Subject | $618,000* List Price | 3 | 3 | 1,439 | $399 | - |
A 225 E 2nd Street Sold | $649,000 List Price | 3 | 3 | 1,544 | 0.0 mi | |
B 225 E 2nd Street Sold | $698,000 List Price | 3 | 3 | 1,544 | 0.0 mi | |
C 332 E 2nd Street Sold | $775,000 List Price | 2 | 3 | 1,409 | 0.0 mi | |
D 1781 Lindo Street Sold | $565,000 | 2 | 2 | 1,311 | $431 | 1.0 mi |
E 485 E 5th Street Sold | $600,000 | 3 | 3 | 1,434 | $418 | 0.4 mi |
F 377 E 2nd Street Active | $699,950 List Price | 3 | 3 | 1,544 | $453 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1984 (40 years old) and appears to be in largely original condition. Interior photos show dated 1980s-style parquet flooring and mirrored walls. The presence of a portable AC unit in the bedroom suggests the central HVAC system may be dated, inadequate, or non-existent. While the home is functional and well-maintained, it exceeds the 20-year threshold for 'Fair' and requires cosmetic and system updates to meet modern standards.
Situated just steps from Benicia's marina, scenic walking paths, and historic downtown, the property offers an unparalleled lifestyle with immediate access to dining, shopping, and recreation.
The home features a rare combination of water, mountain, and park views, including the Carquinez Strait and downtown Benicia, significantly increasing its market appeal and aesthetic value.
With a 3-bedroom, 3-bathroom configuration across 1,439 square feet, the property provides a versatile and generous living space that is highly desirable for families or professionals.
The monthly HOA fee of $775 is relatively high, which may impact the overall affordability for buyers and increase the long-term carrying costs of the property.
Built in 1984, the property may require updates to its original systems or interior finishes to compete with more modern residential developments in the area.
Open House July 11-12@1-4 PM. Resort like feel. Just steps from Benicia's waterfront, marina, scenic walking paths, and vibrant historic downtown, you'll enjoy easy access to local restaurants, boutiques, parks, and community events. Views of courtyards from the home.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,439 | - |
| Lot Size | 1,320 | - |
| Price | $618.0K | $507.1K |
| Price per sq ft | $429 | $419 |
| Built year | 1984 | 0 |
| HOA | $775 | $0 |
| Days on market | 13 | 112 |
Jul 9, 2026
$618,000
Initial Listing
Apr 6, 2010
$325,000
Public Record