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.
For sale
Listed by: Compass • Nathan Cardenas • 805-657-9218
$5,290,000
701 Planz Rd, Bakersfield, CA 93304
2beds
1baths
36,640sqft
Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$144/sqft
$-- HOA
What's special
- 177 days |
- 290 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Nathan Cardenas DRE #02050368 805-657-9218,
Compass,
Michael Springer DRE #01265333 310-745-8569,
Compass
Source: CRMLS,MLS#: V1-37768
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Balcony
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 36,640
- Total interior livable area: 36,640 sqft
Property
Parking
- Total spaces: 60
- Parking features: Covered, Carport, On Site, Private
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Fencing: Security
Lot
- Size: 1.93 Acres
Details
- Parcel number: 02521003001
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding
- Roof: Composition,Flat
Condition
- Year built: 1983
Community & HOA
Community
- Features: Biking, Curbs, Suburban, Sidewalks
- Subdivision: Other
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $144/sqft
- Date on market: 7/23/2026
- Cumulative days on market: 177 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Exclusions: Personal items.
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,557/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Listed for sale | $5,290,000$144/sqft |
Source:  CRMLS #V1-37768 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 93304
Nearby schools
GreatSchools rating
- 4/10Frank West Elementary SchoolGrades: K-5Distance: 1.1 mi
- 2/10Curran Middle SchoolGrades: 6-8Distance: 2.4 mi
- 4/10South High SchoolGrades: 9-12Distance: 0.1 mi
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