
Benicia, CA 94510
This Flexible Coastal Retreat represents a Strong Value Opportunity, listed at $1,395,000—positioned slightly above the $1,375,189 Fair Market Value. While not a discount play, the property’s Good Condition Rating and extensive 2006 infrastructure upgrades provide long-term stability. Featuring a versatile multi-unit layout, third-floor lookout with water views, and expansive garage capacity, this home offers rare utility for income generation or multi-generational living. Its prime location near the 9th Street Park and waterfront makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, high-utility coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 865 W I Street Subject | $1,395,000* List Price | 4 | 4 | 2,958 | $460 | - |
A 1428 Ohare Drive Sold | $1,100,000 List Price | 3 | 4 | 2,800 | 1.0 mi | |
B 440 W J Street Sold | $1,200,000 | 3 | 3 | 2,148 | $559 | 0.6 mi |
C 870 W J Street Active | $1,050,000 List Price | 4 | 3 | 2,328 | $451 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent an extensive renovation and expansion between 2004 and 2006, including all major systems (HVAC, electrical, plumbing, and foundation). While the kitchen and finishes are approximately 18 years old, they remain well-maintained, functional, and move-in ready, aligning with the 10-20 year criteria for 'Good' condition.
The property features a main residence, a studio-style space, and a permitted apartment, offering rare flexibility for multi-generational living, rental income, or a professional home-based business.
Situated just one house away from 9th Street Park, the beach, and the boat launch, the home provides immediate access to Benicia’s coastal lifestyle and recreational activities.
Extensively renovated in 2006 with a new foundation, plumbing, electrical, and HVAC, the home combines historic 1940s charm with the reliability and efficiency of modern construction.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The current configuration of separate living units and a spiral staircase may feel disjointed to buyers seeking a traditional, cohesive single-family flow.
Due to the large building footprint and extensive garage/parking facilities, the remaining outdoor garden and patio areas are relatively modest for a lot of this size.
Originally built in 1942 as a seaside vacation cottage welcoming visitors arriving by train and ferry to Benicia, this extraordinary property has been thoughtfully transformed into a flexible coastal retreat blending history, craftsmanship, privacy, and modern functionality. Extensively renovated and expanded beginning in 2004 with the collaboration of respected local contractor Laverty Construction and architect Steve McKee, the original residence was raised and reimagined to create multiple living possibilities for today's evolving lifestyles.  Currently configured upstairs is a two bedroom, two bath main residence with a spiral staircase leading up to private third floor lookout sanctuary with peaks of the Carquinez Strait. Downstairs offers a large studio-style space with full bath, kitchenette, and office area; previously used for exercise, dance, and therapy - is easily transformed to the third bedroom and family room for the main living area. The lower front of property features a comfortable permitted one (or two) bedroom apartment w/ attached garage, and private entrance. The flexible layout offers rare opportunities for multi-generational living, ADU, income potential, creative workspace, or conversion back to a larger single-family residence.  Located just one home from 9th Street Park, beach, and boat launchand only a short stroll to a beloved neighborhood restaurantthe setting captures the relaxed waterfront character that defines this treasured area of Benicia.  Major infrastructure improvements completed in 2006 include: complete foundation and plumbing, electrical, HVAC, windows, sewer, irrigation, roof, gutters, and driveways. Custom exterior details including handcrafted metal railings and IPA decking. Inside, repurposed redwood trim and doors from an 1890s farmhouse complement restored Douglas fir flooring, while cork, slate, tile, and commercial-grade carpeting add warmth and durability throughout. Double French doors open to serene garden, patio. Subtle nautical touches, include repurposed functional portholes, and quietly honor the property's coastal roots.  Completing the offering are both a one-car garage and oversized two-car garage with skylight opening; along with gated alley access providing flexible off-street parking (could accommodate RV) and secure enclosure of the rear and side yards. This exceptional residence speaks architectural character, everyday ease, and the best of California living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,958 | - |
| Lot Size | 6,098 | - |
| Price | $1.40M | $907.7K |
| Price per sq ft | $472 | $436 |
| Built year | 1942 | 0 |
| HOA | $0 | $0 |
| Days on market | 47 | 87 |
Jun 5, 2026
$1,395,000
Initial Listing
Oct 25, 2002
$225,000
Public Record