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701 Planz Road, Bakersfield, CA 93304

Bakersfield
Local realty services provided by:CENTURY 21 Discovery
701 Planz Road,Bakersfield, CA 93304
$4,950,000
  • - 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:$4,950,000
  • Price per sq. ft.:$135.1

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:91 day(s) ago
  • Updated:October 22, 2026 at 11:17 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:$4,950,000
  • Price per sq. ft.:$135.1

Features and amenities

  • Laundry features:Inside
  • Amenities:Balcony

Parking

  • Total parking spaces:60
  • Parking description:Carport, Covered, On Site, Private
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Stephanie Goedl

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