Mixed-Use Building with
For Sale
$565,000
745 5Th St, Oakland, CA 94607
Residential Income, Oakland, CA
Property Size1,260 SF
Lot Size0.02 Acres
Price / SF$448.41
Days on Market93
Property Features for 745 5Th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Subdivision
Jack London Sq.
Lot features
Corner Lot
Directions
Exit 880 South at Broadway/Alameda and continue south to 5th St and Brush. Pink building on corner!
Standard status
Active
APN
11151
Size
1,260 SF
Lot size
0.02 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1906
Number of units
2
Flooring type
Hardwood
Building materials
Wood
Roof type
Composition
Listing Agency:
Alliance Bay Realty
(510) 742-6600
Listed By:
Andrea West · License #01889236
(415) 328-0065
Added: Jun 5
Changed: Sep 3
Last Checked: Sep 5 at 4:06PM
MLS# 41137442
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,260-square-foot mixed-use building, constructed in 1906, includes a ground-floor commercial space occupied by Angel Cakes Bakery and an upstairs two-bedroom, one-bathroom residential unit. Both components are fully occupied. Original interior details include stained glass windows, hardwood flooring, and wood built-ins, while the exterior has been repainted bright pink. Construction is wood with a composition roof, wall-furnace heating, and natural gas available.
The property is located at 745 5th St in Oakland’s Jack London District, with Jack London Square, the ferry terminal, and the Amtrak station described as just blocks away. Immediate freeway access to I-880 is also noted. Public water and public sewer serve the property.
The property is located at 745 5th St in Oakland’s Jack London District, with Jack London Square, the ferry terminal, and the Amtrak station described as just blocks away. Immediate freeway access to I-880 is also noted. Public water and public sewer serve the property.
Key Highlights
- 1,260‑square‑foot mixed‑use building at 745 5th St, Oakland, CA 94607
- Ground‑floor commercial space occupied by Angel Cakes Bakery
- Upstairs residential unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,876
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,520
$577.5K
Cap Rate 7%
$412,514
$412.5K
Cap Rate 9%
$320,844
$320.8K
Market Conditions
NOI Build-Up for 1,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.1K $34.20/SF
− Vacancy
−$1.8K −$1.46/SF
EGI
$41.3K $32.74/SF
− OpEx
−$12.4K −$9.82/SF
NOI
$28.9K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$577,520
Cap Rate 7%
$412,514
Cap Rate 9%
$320,844
Alternative Uses
Best Use
Multifamily LT 5
$412.5K
$361.0K – $481.3K
NOI $28,876 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$380.1K
$332.6K – $443.4K
NOI $26,605 @ 7.0% cap · market cap 4.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property combines street-level commercial space with an upstairs residential unit in Oakland’s Jack London District.
Where is this mixed-use property located?
The property is located at 745 5Th St Oakland, CA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,260‑square‑foot mixed‑use building at 745 5th St, Oakland, CA 94607; Ground‑floor commercial space occupied by Angel Cakes Bakery; Upstairs residential unit includes 2 bedrooms and 1 bathroom
