118 Ramona Ave, El Cerrito, California 94530, El Cerrito, 94530 - 3 bed, 2 bath
Loading property details...
El Cerrito, California 94530
This 1947 bungalow is a High-Potential Investment Opportunity, listed at $798,000—positioned well below the $836,273 Fair Market Value by 4%. This valuation gap provides $38,273 in Instant Equity. Currently holding a Fair Condition Rating, the home features refinished hardwood floors and a private backyard patio, with clear upside through cosmetic modernization of the kitchen and systems. Located in a highly walkable district (Walk Score 87) near Harding Elementary, it is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 Ramona Ave Subject | $798,000* List Price | 3 | 2 | 1,125 | $743 | - |
A 618 Liberty St Sold | $685,000 | 2 | 1 | 833 | $822 | 0.8 mi |
B 620 Elm St Active | $745,000 List Price | 2 | 1 | 850 | $876 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1947 bungalow that presents well due to recent cosmetic improvements, including fresh interior paint and refinished hardwood floors. However, it falls into the 'fair' category as it retains dated elements, such as the older-style built-in cabinetry in the dining area and a kitchen that, while functional, lacks a modern renovation. The listing explicitly highlights the 'opportunity to personalize and update,' confirming that the home's primary systems and core rooms show signs of age and have not been extensively renovated within the last 15 years.
Boasting a Walk Score of 87, the property is ideally situated near Colusa Circle, El Cerrito Plaza, BART, and local favorites like Fat Apple’s and the Kensington Farmers’ Market.
The single-level layout features a primary bedroom with French doors opening directly to a private, fenced backyard and patio, perfect for quiet retreats or entertaining.
The home features freshly painted interiors and newly refinished hardwood floors in the living and dining areas, providing a clean and refreshed aesthetic for new owners.
As a trust sale with an explicit mention of the opportunity to personalize, the property likely requires significant updates to the kitchen, bathrooms, or systems to meet contemporary standards.
With only 1,125 square feet of living space on a 3,200 square foot lot, the home and yard may feel constrained for buyers seeking larger rooms or significant expansion potential.
Delightful single-level3 bedrooms/2 bathrooms bungalow. This home features a functional floor plan with seamless indoor-outdoor flow. A French door from the primary bedroom opens directly to the fenced backyard and patio, creating a peaceful retreat, an ideal setting for morning coffee, quiet evenings, or entertaining. The home has wood flooring throughout, with recently refinished floors in the living and dining rooms. The interior has been freshly painted (March 2026). The attached garage provides interior access to the kitchen and was used as an art studio by the seller.* Ideally located in the desirable St. Jerome’s/Fat Apple’s neighborhood, the property is just minutes from Colusa Circle, local restaurants, shopping, Semifreddi’s Bakery, and the Kensington Farmers’ Market. Additional nearby amenities include Solano Avenue, Memorial Park, and El Cerrito Plaza and BART, contributing to a Walk Score® of 87. This property presents a fantastic opportunity to personalize and update while enjoying an exceptional location. This is a trust sale. *Buyer to investigate.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,125 | 1,532 | 28% |
| Lot Size | 3,200 | 5,000 | 8% |
| Price | $798.0K | $1.15M | 13% |
| Price per sq ft | $709 | $765 | 41% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 173 | 3% |
Mar 25, 2026
$798,000
Initial Listing