701 Planz Road, Bakersfield, CA 93304

Bakersfield
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
701 Planz Road,Bakersfield, CA 93304
$4,950,000
  • 2 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: nathan cardenas
Office: compass
MLS#:V1-37768
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,950,000

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

  • Listing ID #:V1-37768
  • Added:91 day(s) ago
  • Updated:October 22, 2026 at 02:05 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1

Heating and cooling

  • Cooling:Central Forced Air

Structure and exterior

  • Roof:Composition
  • Construction Materials:Wood
  • Levels:2 Story

Finances and disclosures

  • Price:$4,950,000
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