- 2 Beds
- 1 Bath
- 1.93 Acres
- 7 DOM
701 Planz Road
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.
Essential Information
- MLS® #V1-37768
- Price$5,290,000
- Bedrooms2
- Bathrooms1.00
- Acres1.93
- Year Built1983
- TypeResidential Income
- StatusActive
Community Information
- Address701 Planz Road
- AreaBKSF - Bakersfield
- SubdivisionOther
- CityBakersfield
- CountyKern
- Zip Code93304
Amenities
- Parking Spaces60
- ViewNone
- PoolNone
Parking
Covered, Carport, On Site, Private
Garages
Covered, Carport, On Site, Private
Interior
- Interior FeaturesBalcony
- HeatingCentral
- CoolingCentral Air
- FireplacesNone
- # of Stories2
- StoriesTwo
Exterior
- ExteriorWood Siding
- Exterior FeaturesBalcony
- RoofComposition, Flat
- ConstructionWood Siding
Additional Information
- Date ListedJune 30th, 2026
- Days on Market7
- ZoningR-3
Listing Details
- AgentNathan Cardenas
- OfficeCompass
Nathan Cardenas, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of July 29th, 2026 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.