Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Listed by Compass, Nathan Cardenas, Listing Contact: 805-657-9218 
2 Beds
1 Bath

$5,290,000

701 Planz Road, Bakersfield CA, 93304

Property typeMulti-family

Overview

Active

Listed Jul 23, 2026

Updated Aug 11

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
V1-37768

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Basement
No

Exterior Features

Lot Size
1.93 Acres

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. 

© 2026 San Diego Multiple Listing Service. All rights reserved. 

Data last updated 6:29 AM UTC, 8/11/2026

   

 

Website advertised by Pitch Real Estate , DRE 413941

Powered by Luxury Presence