701 Planz Rd

Bakersfield, CA 93304

$5,600,000
Price
—
Beds
—
Baths
36,640 Sq. Ft.
$153 / Sq. Ft.
36,640
Sq. Ft.
$153
per Sq. Ft.
01
02
03
04
05
06
07
08
09
10
11
12

Description

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...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.
  1. Listed by William Gordon • DRE #01854520 • Brokerage DRE #00782354 • Watson Realty • gordon@gordonteamrealty.com

Property Details for 701 Planz Road

Parking Spaces Total
73
Business Type
Multi-Tenant
Building Area Total
36640
Building Area Units
Square Feet
Stories Total
2
Association Fee
$.00
Zoning
R-3, R-2
Parcel Number
02521003
LISTING UPDATED: 03/30/2025 03:53 AM

Property Details for 701 Planz Road

StatusActive
MLS #V1-28933
Days on Market272
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1983
Lot Size1.93 AC / 84,070 SF
CountyKern County

Location

Listing Courtesy of Watson Realty
Add your commute

Building Information for 701 Planz Road

Stories2Residences-Year Built1983Building Size-Lot Size1.93 AC / 84,070 SF

Payment Calculator

$27,672 per month

30 year fixed, 6.28% Interest

Principal and Interest

$27,672

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 Planz Road

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $566,604
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $457,846
  • Cap Rate: 8.18
Expense Details
  • Total Expenses: $108,758
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Electric Dryer Hookup
  • Cooling: Central Air
  • Heating: Central
Exterior Features
  • Security Features: Gated Community
  • Construction Materials: Stucco
  • Roof: Composition
  • Fence: Yes
  • Fencing: Security, Wrought Iron
  • Structure Type: Multi Family
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 21-25 Units/Acre
  • Current Use: Multi-Family
  • Land Use: Multi-Family
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 36
  • Carport Spaces: 37
Property / Structure Info
  • Building Name: Cedarvale Apartments
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit Information
  • Number Of Units Leased: 40
  • Number Of Buildings: 10

Property History for 701 Planz Road

DateEvent & SourcePriceAppreciation
Mar 27, 2025

Listed (Active)

CRMLS #V1-28933

$5,600,000—
DateEvent & SourcePrice
03/27/2025

Listed (Active)

CRMLS #V1-28933

$5,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 701 Planz Road

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Frank West Elementary School
Public - K to 5
Curran Middle School
Public - 6 to 8
South High School
Public - 9 to 12
Dr. Martin Luther King, Jr. Elementary
Public - K to 6
Rating
School
Distance
Frank West Elementary School
PublicK to 5

Curran Middle School
Public6 to 8

South High School
Public9 to 12

Dr. Martin Luther King, Jr. Elementary
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 701 Planz Road, Bakersfield, CA 93304

701 Planz Road is a multi-family home for sale in Bakersfield, CA 93304. This property was listed for sale on March 27, 2025 by Watson Realty, it's currently listed at $5,600,000. This listing's school districts are Bakersfield City School District, Kern Union High School District. Nearby schools include Frank West Elementary School, Curran Middle School and South High School. 701 Planz Road is a 0-bed, 0-bath, 36,640 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Watson Realty

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.