Bakery Building 745 5th St 1,260 SF 100% Leased Retail Building Oakland, CA 94607 $565,000 ($448.41/SF) 5.44% Cap Rate

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.