721 5th St Oakland, CA 94607
- Turn key restaurants
- 1,084 SF
- 0.12 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 721 5th St
- Year built
- 1957
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Property size
- 1,084 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.282
- Latitude
- 37.8006
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
