701 Planz Road Bakersfield, CA ^$ 5,600,000

701 Planz Road

^$ 5,600,000

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Recently Listed

701 Planz Road

Bakersfield, CA, 93304

^$ 5,600,000

Bedrooms-- Baths-- Sq 36,640

Monthly Estimate*

^$ 34,937

Listed by Watson Realty

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Commercial Property for sale in Bakersfield, CA

for $5,600,000. This 36,640 square foot building was built in 1983.

The Cedarvale Apartment complex (built in 1983) features 40 two bed, one bath units contained within 10 buildings in an attractive setting surrounded by mature trees & lawns. All roofs were replaced in 2019 & new A/C units were installed on all buildings. Each building has two ground floor units & two second floor units w/balconies. Each unit has granite countertops & hard surface tile/wood flooring throughout (no carpet in any unit). The property is gated & located adjacent to South High school w/easy access to Highway 99 which now links up to the Westside Parkway providing quick commutes to most areas of Bakersfield. There's plenty of parking with 73 spaces, 37 of which are covered. Bakersfield continues to grow as a top destination for affordable housing & business friendly policies throughout Central & Southern California. This property consists of two separate APNs: 025-210-03, 025-210-04 w/a combined building square footage of 36,640 sf.

Commercial Active

Price

^$ 5,600,000

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1983

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

V1-28933

Days on Market

266

Features

General

Heating Central

Cooling Central Air

Roof Composition

Zoning R-3 R-2

HOA Fee 0

Security Features Gated Community

Construction Materials Stucco

Year Built 1983

Electric Standard

Property Subtype Multi Family

Current Use Multi-Family

Business Type Multi-Tenant

Community Features Gated

Building Name Cedarvale Apartments

County Kern

Net Operating Income 457846

Property Type Commercial Sale

Special Listing Conditions Standard

Status Active

Directions Located in SE Bakersfield off of Planz Rd and S. Chester Ave near South High School.

City Bakersfield

Open Parking Spaces 36

MLS Area BKSF - Bakersfield

Carport Spaces 37

Carport Y/N 1

Number of Units Leased 40

Listing Terms 1031 Exchange

Structure Type Multi Family

Building Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Property Sub Type Additional Multi Family

Cap Rate 8.18

Interior

Total Stories 2

Air Conditioning Y/N 1

Heating Y/N 1

Laundry Features Electric Dryer Hookup Inside

Total Baths 0

Exterior

Fencing Security Wrought Iron

Lot Features 21-25 Units/Acre

Water Source Public

Total Parking 73

Lot Size Area 1.93

Number of Buildings 10

Building Area Total 36640

* Excluded Features

List By

Watson Realty

Broker

gordon@gordonteamrealty.com

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$34,937

Per Month

Monthly Principal & Interest: $34,937
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Bakersfield, CA

Average List Price ^$1,542,706

Percent of Sale Price 72%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/28/2025	$5,600,000		Listed Price

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701 Planz Road, Bakersfield, CA, 93304 is a Commercial Property for sale at $5,600,000 with 36,640 sqft. 701 Planz Road was built in 1983. The property's zip code is 93304 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/17/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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701 Planz Road

Commercial Property for sale in Bakersfield, CA

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