701 Planz Road, Bakersfield, CA 93304
701 Planz Road, Bakersfield, CA 93304
701 Planz Road, Bakersfield, CA 93304
10
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$5,290,000
Est. payment /mo
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2 Beds
1 Bath
1.93 Acres Lot
New

701 Planz Road Bakersfield, CA 93304

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Mike Acker

Mike Acker

+1(619) 454-0620

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-37768

Bedrooms 2

Lot Size 1.928 Acres

Property Sub-Type Res Income 2-4 Units

Property 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 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.

Location

State CA

County Kern

Zoning Public Rec

Direction On Corner of Planz rd and Raider Dr

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 02521003001

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by Nathan Cardenas, DRE#02050368 Compass 

NEARBY SCHOOL & BUSINESS

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Mike Acker

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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701 Planz Road

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