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Residential Income - 701 Planz Road, Bakersfield, CA

$4,950,000

701 Planz Road, Bakersfield, CA

MLS# V1-37768

701 Planz Road, Bakersfield, CA 93304 - $4,950,000 · Multi-Family Home for Sale, photo 1 701 Planz Road, Bakersfield, CA 93304 - $4,950,000 · Multi-Family Home for Sale, photo 2 701 Planz Road, Bakersfield, CA 93304 - $4,950,000 · Multi-Family Home for Sale, photo 3 701 Planz Road, Bakersfield, CA 93304 - $4,950,000 · Multi-Family Home for Sale, photo 4 701 Planz Road, Bakersfield, CA 93304 - $4,950,000 · Multi-Family Home for Sale, photo 5
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Description

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.

Property details

Year built
1983
Property type
Residential Income
Lot size
83,976 sqft

Location

701 Planz Road • Bakersfield, CA 93304

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Listing Agent

Nathan Cardenas

DRE #: 02050368

Brokerage: Compass

Michael Springer

Co-Listing Agent

DRE #: 01265333

Brokerage: Compass

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CRMLS

MLS# V1-37768

Listed: 7/22/2026 11:03 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/12/2026 3:25 PM. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Compass

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715