701 Planz Road Bakersfield, CA $ 5,290,000
701 Planz Road
$ 5,290,000
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701 Planz Road

Bakersfield, CA, 93304
$ 5,290,000
Baths1.0 Sq 36,640

Monthly Estimate*

$ 33,402

Listed by Compass
701 Planz Road, Bakersfield, CA 93304 - Image 1
701 Planz Road, Bakersfield, CA 93304 - Image 2
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701 Planz Road, Bakersfield, CA 93304 - Image 4
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701 Planz Road, Bakersfield, CA 93304 - Image 9
701 Planz Road, Bakersfield, CA 93304 - Image 10
Studio

Multi-Family Home for sale in Bakersfield, CA

for $5,290,000 with 1 full bath. This 36,640 square foot home was built in 1983 on a lot size of 1.9278.

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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Multi-Family Active

Price

$ 5,290,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.9278

Year Built

1983

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

V137768

Days on Market

40

Features
General
Heating Central
Cooling Central Air
Roof Composition Flat
Zoning R-3
HOA Fee 0
Garage Spaces 0
Patio/Porch Features Balcony
Pool Features None
Construction Materials Wood Siding
Exclusions Personal items.
Year Built 1983
Tenant Pays Cable TV Electricity Gas
View None
Stories Count 2
Levels Two
Gross Income 545352
Community Features Biking Curbs Suburban Sidewalks
Accessibility Parking
County Kern
Net Operating Income 394391
Operating Expense 150961
Insurance Expense 27600
Property Type Residential Income
Contingency 1031 Exchange
MaintenanceExpense 15473
Subdivision Name Other
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions On Corner of Planz rd and Raider Dr
City Bakersfield
Senior Community Y/N false
Number Of Units Total 40
MLS Area BKSF - Bakersfield
Lot Size Units Square Feet
Lot Size Square Feet 83976
Carport Y/N true
Number of Units Leased 36
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 2218
Trash Expense 11670
Water Sewer Expense 13293
Rent Control Y/N true
Standard Status Active
Year Built Source Public Records
Tax Lot 3 4
Cap Rate 7.5
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Interior
Interior Amenities Balcony
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Total Baths 0
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Exterior
Exterior Amenities Balcony
Fencing Security
Parking Features Covered Carport On Site Private
Total Parking 60
Lot Size Area 83976
Number of Buildings 10
Spa false
Building Area Total 36640
Lot Size Acres 1.9278
Road Surface Type Paved
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 40
Number of Separate Gas Meters 40
Number of Separate Electric Meters 40
Road Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

nathan@nathansellssocal.com

Email

Affordability Calculator

$33,402
Per Month
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Monthly Principal & Interest
$33,402
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Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2026$5,290,000 Listed Price

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701 Planz Road, Bakersfield, CA, 93304 is a Multi-Family Home for sale at $5,290,000 with 36,640 sqft and a lot size of 1.9278. 701 Planz Road is a studio with 1.0 baths and was built in 1983. The property's zip code is 93304 which is in Bakersfield, CA