$4,950,000
701 Planz Road
Bakersfield, CA, 93304
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.
Property Details
Price:
$4,950,000
MLS #:
V1-37768
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Neighborhood:
bksfbakersfield
Listed Date:
Jul 23, 2026
Total Sq Ft:
36,640
Lot Size:
83,976 sqft / 1.93 acres (approx)
Year Built:
1983
Units:
40
Schools
Interior
Appliances
None
Cooling
Central Air
Heating
Central
Interior Features
Balcony
Laundry Features
Inside
Levels
Two
Exterior
Accessibility Features
Parking
Common Walls
2+ Common Walls
Community Features
Curbs, Biking, Suburban, Sidewalks
Construction Materials
Wood Siding
Exterior Features
Balcony
Fencing
Security
Parking Features
Covered, On Site, Carport, Private
Parking Spots
60
Parking Total
60
Roof
Composition, Flat
Spa Features
None
Stories
2
View
None
Financial
Maintenance Fee
$15,473
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Map
Current real estate data for Multi Family in Bakersfield as of Oct 19, 2026
42
Multi Family Listed
96
Avg DOM
$725,923
Avg List Price
Community
- Address701 Planz Road Bakersfield CA
- SubdivisionOther
- CityBakersfield
- CountyKern
- Zip Code93304
Subdivisions in Bakersfield
Similar Listings Nearby
Property Summary
- Located in the Other subdivision, 701 Planz Road Bakersfield CA is a Multi Family for sale in Bakersfield, CA, 93304. It is listed for $4,950,000 To schedule a showing of MLS#v1-37768 at 701 Planz Road in Bakersfield, CA, contact your James Outland agent at 8057482262.
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 701 Planz Road
Bakersfield, CA