701 Planz Road, Bakersfield, CA — listing photo 1
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FOR SALE

701 Planz Road

Bakersfield, CA 93304
83,976 Lot Sq Ft
Built 1983
$4,950,000
Price ReducedWas $5,290,000 — $4,950,000 (-$340,000)

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1983
Lot size
1.93 acres
Parking
60 spaces
Stories
2
Days on market
82
Cumulative days on market
226
MLS status
Active
Zoning
R-3

Features & Amenities

Interior

  • Balcony

Parking

  • Covered
  • Carport
  • On Site
  • Private

Pool

  • None

Exterior

  • Balcony

Community, Schools & Utilities

Community

Subdivision
Other
View
None

Utilities

Heating
Central
Cooling
CentralAir
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Location & Neighborhood

701 Planz Road

Bakersfield, CA 93304

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Frequently Asked Questions About 701 Planz Road

Property type: Residential Income

The current asking price is $4,950,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 701 Planz Road. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1983. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Bakersfield, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Bakersfield property.
The MLS currently reports the property as Active. It has been listed for 82 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Nathan Cardenas
MLS ID: V159050502

Available property

$4,950,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.