1012 Contra Costa Dr, El Cerrito, California 94530, El Cerrito, 94530 - 4 bed, 3 bath
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El Cerrito, California 94530
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well below the $1,027,172 Fair Market Value by 3%. This valuation gap offers $32,172 in Instant Equity for buyers. Featuring Panoramic Bay Views and a 4-bedroom, 3-bathroom layout, the home requires significant structural work, reflected in its Condition Rating of 5. This is a complex, value-add project ideal for Fix-and-Flip Investors or Contractors capable of managing extensive foundation repairs to unlock the property's full hillside potential.
Property is extensive renovation needed.
Built in 1951 and explicitly described as a fixer requiring significant foundation repairs, indicating major structural defects. The kitchen is heavily dated with 1970s-era blue tile and worn cabinetry, and the roof shows signs of significant age and wear in aerial views.
Situated in the desirable El Cerrito Hills, this property offers expansive views of the San Francisco Bay, significantly increasing its long-term value and aesthetic appeal.
Priced competitively for nearly 2,400 square feet, this home presents a rare opportunity for investors or contractors to build substantial equity through a comprehensive renovation in a high-demand market.
The multi-level floor plan featuring 4 bedrooms and 3 bathrooms provides a versatile footprint that can accommodate various living arrangements or modern design preferences.
The property requires critical foundation repairs, which entails significant upfront costs and specialized engineering work before cosmetic improvements can begin.
As a full fixer-upper, the home is likely ineligible for traditional financing and requires a buyer with significant liquid capital for both the purchase and total rehabilitation.
Fixer with Foundation repairs needed. Value driven El Cerrito Hills opportunity with significant upside for the right buyer. Located in the desirable hills above El Cerrito, this multi level hillside property offers a flexible layout, great bay views. El Cerrito is known for its relative affordability compared to surrounding Bay Area markets while offering convenient access to Oakland, San Francisco, BART, and Interstate 80. The El Cerrito Hills provide proximity to open space, trails, and outdoor recreation while remaining close to town amenities and regional employment centers. A rare opportunity to acquire a hillside property with bay views
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 2,396 | 1,613 | 82% |
| Lot Size | 7,841 | 5,500 | 75% |
| Price | $995.0K | $1.20M | 28% |
| Price per sq ft | $415 | $793 | 2% |
| Built year | 1951 | 1947 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 108 | 2% |
May 29, 2026
$995,000
Initial Listing