745 5th Street
Historic Gingerbread duplex, now with cupcakes!
Marketing description
A rare opportunity to acquire a stabilized mixed-use asset in Oakland's Jack London Improvement District, anchored by one of the Bay Area's most recognized community institutions — Angel Cakes Bakery, a worker-owned cooperative featured in the SF Chronicle, Eater SF, KRON4, ABC7, and SF Gate.
The Property
Originally part of the iconic Gingerbread House Creole restaurant complex, this historic two-unit building retains its original character throughout — stained glass windows, hardwood floors, and wood built-ins — recently repainted in its signature bright pink. The ground-floor commercial space is fully leased to Angel Cakes Bakery with three years remaining on the current lease and a 60-month extension option. The upstairs two-bedroom, one-bathroom residential unit is occupied by a long-term tenant. Both units are fully occupied.
Investment Highlights
- Gross annual income: $48,000
- NOI: $30,736 estimated*
- Long-term commercial lease with 60-month extension option
- Scheduled rent increases through 2028
- Iconic, regionally recognized tenant with devoted Bay Area following
- Historic building with distinctive architectural character (and it's pink!)
- Steps from Jack London Square, ferry terminal, and Amtrak station
- Immediate I-880 freeway access
The Opportunity
Stable rent roll and a tenant whose community legacy ensures long-term occupancy, this asset offers a compelling story that simply cannot be replicated in the Jack London Development District.
Information deemed reliable but not guaranteed. Buyer to verify all figures independently. Listed by Alliance Bay Realty DRE #01889236.
Investment highlights
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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