The shooting was reported at about 2 p.m. near the Ohlone Greenway between Lincoln and Stockton avenues and prompted the lockdown of two local schools, police said.
Police said the two victims, both males in their late teens, were taken to a hospital to be treated for gunshot wounds. One of the victims' wounds appeared to be superficial, while the other was taken to surgery, police Capt. Mike Regan said.
Multiple suspects fled the area, heading east on Stockton Avenue.
As officers responded to the shooting, El Cerrito High School and Fairmount Elementary School were locked down. Police determined that the suspects had left the area and the lockdowns were lifted within an hour.
The Ohlone Greenway between Eureka and Stockton avenues remained closed this evening and was expected to remain close for several hours, Regan said.