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Investment Highlights

  • The property is designated as a High Resource Area on the 2026 CTCAC/HCD Opportunity Map.
  • The City may consider a reduced land purchase price for qualifying affordable housing proposals.
  • The site is located within an established residential neighborhood with existing infrastructure and community services.
  • Zoning includes a Housing Opportunity Site Overlay supporting residential development objectives.
  • Development standards permit up to three stories in height and a maximum density of 30 dwelling units per acre.
  • Downtown Benicia and the historic waterfront are located approximately one mile from the property.

Executive Summary

The City of Benicia wishes to engage a qualified developer to design, build, finance, operate, and maintain a housing project.
The proposed development must include a minimum of 9 units, at least 4 of which should be affordable to moderate income households pursuant to the City’s Housing Element.
Preference will be given to proposals with greater affordability.
The City desires to transfer fee simple title of the Project Site and will not consider a ground lease deal structure.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Subsidized
Total Lot Size 0.43 AC
Zoning RS with HOS Overlay
Parcel Number 0089-074-030

1 Lot Available

Lot

Lot Size 0.43 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
  • Listing ID: 41282521

  • Date on Market: 7/14/2026

  • Last Updated:

  • Address: East I Street, Benicia, CA 94510

Contact the Sale Advisor

East I Street - APN 0089-074-030

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