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Listed by Andrea West • Alliance Bay Realty Off: 415-328-0065
$565,000
Est. payment /mo
1,260 SqFt
Active
745 5Th St Oakland, CA 94607
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $448
Subdivision Jack London Sq.
MLS Listing ID 41137442
HOA Y/N No
Year Built 1906
Lot Size 900 Sqft
Property Sub-Type Duplex
Source BAY EAST
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.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Hardwood
Fireplace No
Building
Lot Description Corner Lot
Water Public
Others
Special Listing Condition Standard
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