721 5Th StOakland, CA 94607

Property Details for 721 5Th St

Year built

1957

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

1,084 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1-115-13-14

APU

11151314

Description

This exceptional mixed-use property in Oakland, CA, offers a compelling investment opportunity. The complex comprises three buildings totaling 2,900-3,000 square feet, situated on two parcels (APN 1-115-1 & 1-115-2) at 721-745 5th Street, 94607. Built in 1906 (745 5th St.) and 1957 (741 5th St.), the property boasts a rich history and unique character, featuring stained-glass windows, hardwood floors, and wood built-ins. Currently operating at 100% occupancy, the complex generates a strong NOI of $74,817, resulting in a 5.34% cap rate. The income stream is anchored by Angel Cakes Bakery and a residential apartment at 745 5th Street, both under renewed leases. 721 5th Street houses a community non-profit with a flexible lease, presenting value-add potential for future income growth. The property is offered for sale at $1,400,000 and presents a unique opportunity for both investors seeking a stable, high-yield asset and owner-users looking to establish or expand their business in a vibrant Oakland location. The property is available for purchase as a whole or potentially separately. Detailed financial information is available upon request.

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8006

Longitude

-122.282

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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