701 Planz

Bakersfield, CA, 93304

For Sale $5,290,000

1.93acres

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.

Shen Schulz (310) 980-8809shen@shenrealty.com Contact AgentRequest Tour

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Listed by:

with Compass

(805) 284-0881

701 Planz is a Residential Income property located in Bakersfield, California, featuring a 1.928 acre lot, MLS #V1-37768.

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Data last modified: 2026-07-23 01:05:44