640 E L St, Benicia, CA 94510, Benicia, 94510 - 3 bed, 1 bath
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640 E L St
Benicia, CA 94510
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,240Sq Ft
6,098Lot Size
Property Price
LIST PRICE$535,000
EST. MARKET VALUE
$586,386
8% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $535,000—positioned well below the $586,387 Fair Market Value by 8%. This valuation gap offers $51,387 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires updates to address deferred maintenance, yet offers significant upside through its deep backyard with alley access and Spanish-style architecture. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build value in historic Benicia.
Estimated Market Value
$586,386+$51,386 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Benicia.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 640 E L St Subject 3 bd · 1 ba · 1,240 sqft · $473 | $535,000* List Price | 3 | 1 | 1,240 | $473 | - |
A 324 Military Sold 3 bd · 2 ba · 1,112 sqft · $540 · 0.4 mi | $600,000 | 3 | 2 | 1,112 | $540 | 0.4 mi |
B 324 Military Sold 3 bd · 2 ba · 1,112 sqft · $540 · 0.4 mi | $600,000 | 3 | 2 | 1,112 | $540 | 0.4 mi |
C 324 Military Pending 3 bd · 2 ba · 1,112 sqft · $531 · 0.4 mi | $590,000 List Price | 3 | 2 | 1,112 | $531 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1953 with no evidence of recent renovation, this property exceeds the 30-50 year threshold for rehab. Interior photos show significant wear and staining on hardwood floors, wall damage, and dated fixtures. The presence of a window AC unit suggests a lack of modern central HVAC systems, and the cracked driveway indicates deferred exterior maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Historic Location
Situated just minutes from downtown Benicia's shopping, waterfront dining, and art galleries, the property offers an exceptional lifestyle and high walkability.
- RV and Boat Accessibility
The deep backyard features rare direct alley access, providing a significant advantage for homeowners needing secure, off-street parking for large recreational vehicles.
- Unique Architectural Character
The Spanish-style design with an adobe-inspired entrance and expansive great room provides a distinct aesthetic and an inviting atmosphere for entertaining.
CONSRISKS & DEFICIENCIES
- Single Bathroom Limitation
The residence contains only one bathroom, which may be a significant drawback for families or buyers accustomed to multi-bath configurations.
- Non-Traditional Bedroom Layout
The conversion of the third bedroom into a formal dining area requires a buyer to either accept a two-bedroom layout or invest in reverting the space back to a private sleeping area.
About 640 E L St
Welcome to 640 East L Street in historic Benicia! This charming Spanish-style home features an authentic adobe-inspired entrance, front patio, and warm Southwestern tones. The expansive great room stretches the entire length of the home from the front door to the back deck, creating an ideal layout for entertaining. Tax records show 3 bedrooms, but a prior conversion turned one space into a formal dining area off the kitchen (easily used as a home office or converted back). A huge bonus is the deep backyard with direct alley access, perfect for secure RV or boat parking. The unbeatable location is just minutes from bustling downtown shopping, premier waterfront dining, art galleries, a certified farmers' market, and convenient commute routes. Don't miss this incredible opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.6 |
| Square foot | 1,240 | 1,961.824 |
| Lot Size | 6,098 | 7,840.902 |
| Price | $535.0K | $874.1K |
| Price per sq ft | $431 | $435 |
| Built year | 1953 | 1980 |
| HOA | $0 | $185 |
| Days on market | 20 | 46 |
Pricing History
Listed for Sale
Oct 5, 2026
$535,000
Initial Listing