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For sale
    • Listed by: Compass • Nathan Cardenas
    $5,290,000

    701 Planz Rd, Bakersfield, CA 93304

    --beds
    --baths
    36,640sqft
    : 
    $36,637/mo
    Get pre-qualified
    Multi Family
    Built in 1983
    -- sqft lot
    $2,839,200 Zestimate®
    $144/sqft
    $-- HOA

    What's special

    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.
    150 days
    |
    52
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nathan Cardenas DRE #02050368 805-657-9218,

    Compass,

    Michael Springer DRE #01265333 310-745-8569,

    Compass

    Source: CRMLS,MLS#: V1-37768MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Inside
      Features
      • Balcony
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 36,640
      • Total interior livable area: 36,640 sqft

      Property

      Parking
      • Total spaces: 60
      • Parking features: Covered, Carport, On Site, Private
      • Has carport: Yes
      Accessibility
      • Accessibility features: Parking
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Balcony
      • Exterior features: Balcony
      • Pool features: None
      • Spa features: None
      • Fencing: Security
      • Has view: Yes
      • View description: None
      Lot
      • Size: 1.93 Acres
      Details
      • Parcel number: 02521003001
      • Zoning: R-3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Wood Siding
      • Roof: Composition,Flat
      Condition
      • Year built: 1983

      Community & HOA

      Community
      • Features: Biking, Curbs, Suburban, Sidewalks
      • Subdivision: Other
      Location
      • Region: Bakersfield

      Financial & listing details

      • Price per square foot: $144/sqft
      • Date on market: 7/23/2026
      • Cumulative days on market: 150 days
      • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
      • Exclusions: Personal items.
      • Tenant pays: Cable TV, Electricity, Gas
      • Road surface type: Paved

        Estimated market value

        $2,839,200

        $2.04M - $3.95M

        $1,456/mo

        Price history

        DateEventPrice
        7/23/2026Listed for sale$5,290,000$144/sqft
        Source: CRMLS #V1-37768 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 93304

        Getting around

        52 / 100
        Somewhat Walkable
        32 / 100
        Some Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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