745 5th St, Oakland, CA 94607
- $565,000
- 1,260
- SqFt
- List Price
- $565,000
- Status
- ACTIVE
- Year Built
- 1906
- MLS#
- 41137442
- Living Area
- 1,260
- Lot Size
- 900
- Type
- Multifamily
- Zip
- 94607
- city
- Oakland
- Neighborhood
- Jack London Sq.
Property Description
A rare opportunity to acquire a piece of Oakland history in the heart of the Jack London District. This iconic mixed-use building is home to Angel Cakes Bakery, a beloved Bay Area institution and worker-owned cooperative that draws loyal customers from across the region for their famous and delicious cupcakes and cakes. Originally part of the storied Gingerbread House Creole restaurant complex, the building retains its original character: stained glass windows, hardwood floors, and wood built-ins; plus, recently repainted in its signature bright pink. The property features a ground-floor commercial space with a long-term bakery tenant and an upstairs two-bedroom, one-bathroom residential unit, both fully occupied. Combined gross income of $48,000 annually supports a strong cap rate for an incoming investor. Ideally situated just blocks from Jack London Square, the ferry terminal, the Amtrak station, and with immediate freeway access to I-880, the building offers the connectivity and character that defines this evolving Oakland corridor.
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Additional Information
- Lot Description
- Corner Lot
- Flooring
- Hardwood
- Heating
- Wall Furnace
- Cooling
- No Air Conditioning
- Exterior
- Wood
- Roof
- Composition Shingles
- Garageparking
- None
- Water Sewer
- Public
- Building Type
- Duplex
- Acres
- 0.02
Mortgage Calculator
Listing courtesy of Andrea West from Alliance Bay Realty. 415-328-0065
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