745 5Th St, Oakland, CA 94607
745 5Th St, Oakland, CA 94607
745 5Th St, Oakland, CA 94607
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$565,000
Est. payment /mo
901 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Jack London Sq.

MLS Listing ID 41137442

HOA Y/N No

Year Built 1906

Lot Size 901 Sqft

Property Sub-Type Duplex

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

Flooring Wood

Fireplace No

Exterior

Parking Features None

Roof Type Shingle

Building

Lot Description Corner Lot

Others

Tax ID 11151

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Listed by Andrea West Alliance Bay Realty #01889236

NEARBY SCHOOL & BUSINESS

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