2 beds36,640 sqft$144/sqft
Est: $26,888/moGet pre-approved

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...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.
LISTING UPDATED: 07/22/2026 11:03 AM

Listing Agents

  1. Nathan Cardenas

    Nathan Cardenas

    Listing Agent

    Compass

    DRE #02050368

    P: (805)-657-9218

  2. Michael Springer

    Michael Springer

    Alternative Listing Agent

    Compass

    DRE #01265333

    P: (310)-745-8569

Property Details for 701 Planz Road

Status
MLS #
V1-37768
Days on Market
4
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1983
Lot Size
1.93 AC / 83,976 SF
View
None
Parking Spaces Total
60
Private Pool
No
Cooling Type
Central Air
Total Units
40.0
Lot Size Source
Public Records
Property Attached YN
true
Common Walls
2+ Common Walls
Building Area Total
36640
Stories Total
2
Fireplace
No
Spa
No
View
No
View
No
Association Fee
$.00
Zoning
R-3
Subdivision Name
Other
Subdivision Name Other
Southeast Bakersfield
Senior Community
No
Parcel Number
02521003001
Area
Bakersfield (BKSF)
Directions
On Corner of Planz rd and Raider Dr
Nathan Cardenas
Compass
P: 8056579218

Location

Add your commute

Building Information for 701 Planz Road

Stories2Residences-Year Built1983Building Size-Lot Size1.93 AC / 83,976 SF

Payment Calculator

$26,888 per month

30 year fixed, 6.55% Interest

Principal and Interest

$26,888

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 701 Planz Road

Rental Info
Rental Info
  • Tenant Pays: Gas, Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $545,352
  • Gross Scheduled Income: $545,352
  • Vacancy Allowance: 10
  • Vacancy Allowance Rate: 10
  • Gross Operating Income: $545,352
  • Net Operating Income: $394,391
  • Gross Multiplier: 9.7
  • Cap Rate: 7.5
Expense Details
  • Operating Expense: $150,961
  • Gardener Expense: $7,200
  • Electric Expense: $2,218
  • Insurance Expense: $27,600
  • Maintenance Expense: $15,473
  • Professional Management Expense: $12,000
  • Other Expense Description: 5,959
  • Trash Expense: $11,670
  • Water Sewer Expense: $13,293
  • Total Expenses: $150,961
Tax / Assessment Info
  • Tax Tract: 4411
  • Tax Lot: 3,4
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Biking, Suburban, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: None
  • Interior Features: Balcony
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Construction Materials: Wood Siding
  • Exterior Features: Balcony
  • Roof: Composition, Flat
  • Fence: Yes
  • Fencing: Security
  • Pool Features: None
  • Spa Features: None
Land/Lot Info
  • Land Lease: No
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Covered, On Site, Carport, Private
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $45,446
  • Unit Type Total Rent: $45,446
  • Unit Type Pro Forma: 51800
  • Unit Type Type: 1
  • Unit Type Description: YES
Unit Information
  • Number Of Units Leased: 36
  • Rent Controlled: Yes
  • Number Of Buildings: 10
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Separate Water Meters: 40

Property History for 701 Planz Road

DateEvent & SourcePriceAppreciation
Jul 23, 2026

Listed (Active)

CRMLS #V1-37768

$5,290,000
Jun 30, 2026

Listed (Active)

CLAW #V1-37768VC

$5,290,000
Jan 28, 2026

Expired

CRMLS #V1-28933

DateEvent & SourcePrice
07/23/2026

Listed (Active)

CRMLS #V1-37768

$5,290,000
06/30/2026

Listed (Active)

CLAW #V1-37768VC

$5,290,000
01/28/2026

Expired

CRMLS #V1-28933

For completeness, we 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
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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

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

701 Planz Road is a multi-family home for sale in Bakersfield, CA 93304. This property was listed for sale on July 23, 2026 by Compass, it's currently listed at $5,290,000. 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 2-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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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.