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Listed by Compass, Nathan Cardenas, Michael Springer Listing Contact: (805) 657-9218

$5,290,000

701 Planz RD, Bakersfield CA, 93304

Price per sqftN/A
Built in1983
Property typeMulti-family

Overview

Active

Listed Jul 23, 2026

Updated 9 days ago

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.

$35,195/mo

Est. mortgage payment based on a $5,290,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRV1-37768

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.93 Acres
MLS provider logo

Listed by Compass, Nathan Cardenas DRE:02050368, Michael Springer
Listing Contact: (805) 657-9218 

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Data last updated 1:37 PM UTC, 9/28/2026

 

 

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