701 Planz Road, Bakersfield, CA 93304

Bakersfield
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
701 Planz Road,Bakersfield, CA 93304
$5,290,000
  • - Beds
  • - Baths
  • 36,640 sq. ft.
  • Multi-family
  • Active
Listed by: nathan cardenas, michael springer
Office: compass805-284-0881
MLS#:V1-37768
Source:CRMLS

Price summary

  • Price:$5,290,000
  • Price per sq. ft.:$144.38

About this home

701 Planz Road, 'Cedarvale Apartments' presents a rare opportunity to acquire a well located garden style multifamily asset in the Bakersfield market. This offering comprises ten fourplex buildings across two parcels for a total of 40 units, providing meaningful scale within a single transaction.The property features a uniform unit mix of two bedroom and one bathroom floor plans with tile/wood floors and granite countertops, which simplifies operations and supports consistent underwriting across the portfolio. Major capital improvements completed within the past eight years include full roof and HVAC replacements across all units. In place rents remain meaningfully below market, representing a clear path to revenue growth through increasing leases up to market rates.701 Planz Road is well suited for investors seeking to establish or expand a position in the Bakersfield multifamily market.

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Home facts

  • Year built:1983
  • Subdivision & Development:Other
  • Listing ID #:V1-37768
  • Added:13 day(s) ago
  • Updated:August 05, 2026 at 11:03 AM

Rooms and interior

  • Living area:36,640 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Flat
  • Year built:1983
  • Building area:36,640 sq. ft.
  • Lot area:1.93 Acres
  • Construction Materials:Wood Siding
  • Levels:2 Story

Finances and disclosures

  • Price:$5,290,000
  • Price per sq. ft.:$144.38

Features and amenities

  • Laundry features:Inside
  • Amenities:Balcony

Parking

  • Total parking spaces:60
  • Parking description:Carport, Covered, On Site, Private
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