701 Planz Road
Bakersfield, CA 93304
2
Bed
1
Bath
83,976Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
BalconyRoof: Composition, FlatLaundry Features: Inside -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1983Building Area Total: 36640Construction Materials: WoodSidingStories: 2Patio And Porch Features: BalconyPool Features: NonePrivate Pool: NoView: None -
Exterior Features
Exterior Features: Balcony
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Lot Information
Main Square Feet: 83976 Lot Size Acres: 1.9278 Lot Size Source: PublicRecords Lot Size Square Feet: 83,976Property Information
Subdivision: Other Source Property Type: ResidentialIncome Levels: Two Property Age: 43
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Listing Price Information
Listing Price: $5290000Cash, CashToNewLoan, Conventional, Exchange1031
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Tax Information
Parcel Number: 02521003001 Tax Lot: 3,4
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Virtual Tour
Parking Information
Parking Total: 60 Covered, Carport, OnSite, Private
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Location Information
Direction: On Corner of Planz rd and Raider Dr
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| El Sereno Drive, Bakersfield, CA, 93304 | $297,770 | 2 | 2 | 1,019 | 1,019 SqFt |
| 905 Q Street, Bakersfield, CA, 93304 | $149,000 | 1 | 1 | 632 | 632 SqFt |
| 213 T Street, Bakersfield, CA, 93304 | $225,000 | 3 | 1 | 1,040 | 1,040 SqFt |
| 708 P Street, Bakersfield, CA, 93304 | $500,000 | 6 | -- | 2,160 | 2,160 SqFt |
| 1006 6th, Bakersfield, CA, 93304 | $259,000 | 2 | 1 | 645 | 645 SqFt |
| 99 O, Bakersfield, CA, 93304 | $465,000 | 3 | 2 | 1,608 | 1,608 SqFt |
| 514 L, Bakersfield, CA, 93304 | $200,000 | 2 | 1 | 892 | 892 SqFt |
| 1710 2nd, Bakersfield, CA, 93304 | $325,000 | 3 | 1 | 1,400 | 1,400 SqFt |
| 508 El Prado, Bakersfield, CA, 93304 | $254,800 | 2 | 1 | 992 | 992 SqFt |
| 2121 Park Way, Bakersfield, CA, 93304 | $299,999 | 2 | 2 | 1,161 | 1,161 SqFt |
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ByOwner last updated this listing 07/24/2026 @ 06:27
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