Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$5,290,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 701 Planz Rd

General

  • Price: $5,290,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: V1-37768
  • Updated: 7/22/2026
  • Days on Market: 5 days
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Balcony
  • Fireplace(s): None
  • Appliances: None

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Balcony

Parking

  • Parking Features: Covered, On-Site, Carport, Private
  • Parking: Covered, On-Site, Carport, Private

Location

  • Area: BKSF - Bakersfield
  • County: Kern
  • Development Name: BKSF - Bakersfield
  • Driving Directions: On Corner of Planz rd and Raider Dr

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • # Water Meters: 40
  • # Gas Meters: 40
  • # Electric Meters: 40

Structural Information

  • Roof: Composition, Flat
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 36,640
  • Year Built: 1983

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 1.9278
  • Lot Size (Sq. Ft.): 83,976
  • Lot Size Source: Public Records
  • Zoning: R-3

Financial Considerations

  • Price Per Sq. Ft.: $144.38

Disclosures and Reports

  • Exclusions: Personal items.

Listed by Compass, Nathan Cardenas and Compass, Michael Springer

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agents

— 701 Planz Rd —

  • Nathan Cardenas

    Compass

  • Michael Springer

    Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 701 Planz Rd

School Districts:Bakersfield City Elementary School District, Kern Union High School District
NameGradesDistance
Frank West Elementary School
2400 Benton Street, Bakersfield, CA 93304
K-51.1 mi
Curran Middle School
1116 Lymric Way, Bakersfield, CA 93309
6-82.5 mi
South High School, Bakersfield, CA
1101 Planz Road, Bakersfield, CA 93304
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 701 Planz Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/22/2026
Listed
$5,290,000
151.9%
MLS
11/05/2003
Sold
$2,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 701 Planz Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,579
4%
$1,137,418
2%
2023
$17,853
—
$1,115,117
2%
2023
$17,853
22%
$1,093,253
30%
2022
$14,662
5%
$840,000
—
2021
$13,989
1%
$840,000
—
2020
$13,791
—
$840,000
—
2019
$13,784
—
$840,000
—
2018
$13,726
-1%
$840,000
—
2017
$13,894
99%
$840,000
180%
2016
$6,997
-41%
$300,000
-59%
2015
$11,802
2%
$725,000
—
2014
$11,626
-2%
$725,000
—
2013
$11,822
—
$725,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 701 Planz Rd

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass, Nathan Cardenas and Compass, Michael Springer

Just Listed near 701 Planz Rd

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

140 Langford, Arvin, CA 93203 - Photo 1 Just Listed
$365,000

140 Langford  Arvin, CA 93203

  • Single Family
  • Active
  • Updated 8 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,131
    Sq. Ft.
9634 Maple Ter Ln, Shafter, CA 93263 - Photo 1 Just Listed
$399,900

9634 Maple Ter Ln  Shafter, CA 93263

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,654
    Sq. Ft.
0 Rowlee Rd, Wasco, CA 93280 - Photo 1 Just Listed
$17,000

0 Rowlee Rd  Wasco, CA 93280

  • Lots/Land
  • Active
  • Updated 3 days ago
  • 1
    Acres

Price Reduced near 701 Planz Rd

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

732 Sammy Wy, Shafter, CA 93263 - Photo 1 Price Reduced
-$10,102 (-2.35%)
$419,888

732 Sammy Wy  Shafter, CA 93263

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,667
    Sq. Ft.
704 Sammy Wy, Shafter, CA 93263 - Photo 1 Price Reduced
-$10,102 (-2.35%)
$419,888

704 Sammy Wy  Shafter, CA 93263

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,667
    Sq. Ft.
275 Piute Meadows Rd, Caliente, CA 93518 - Photo 1 Price Reduced
-$3,000 (-4.41%)
$64,999

275 Piute Meadows Rd  Caliente, CA 93518

  • Lots/Land
  • Active
  • Updated 4 days ago
  • 20.27
    Acres

701 Planz Road, Bakersfield, CA 93304 (MLS# V1-37768) is a Multi-Family property with 40 units containing 0 bedrooms and 0 full bathrooms. 701 Planz Road is currently listed for $5,290,000 and was received on July 23, 2026. Want to learn more about 701 Planz Road? Do you have questions about finding other Multi-Family real estate for sale in Bakersfield? You can browse all Bakersfield real estate or contact a Coldwell Banker agent to request more information.

Tour this property