---
listing_id: CRV1-37768
status: Active
price: 5290000
beds: 0
baths_full: 0
baths_half: 0
sqft_living: 
sqft_lot: 83976
lot_acres: 
year_built: 1983
property_type: Residential Income
property_subtype: Residential Income
address: "701 Planz Rd"
city: Bakersfield
state: CA
zip: 93304
county: "Kern County"
lat: 35.3241495
lng: -119.0101019
days_on_market: 0
hoa_fee: 
hoa_frequency: 
garage_spaces: 0
list_agent: "Nathan Cardenas"
list_office: "Compass"
list_agent_phone: "(805) 657-9218"
list_agent_license: 02050368
mls_source: CRMLS
modified: 2026-07-23
transaction_type: buy
---

Home | Kern County | Bakersfield | 93304 | 701 Planz Rd

701 Planz Rd, Bakersfield, CA 93304

MLS: CRV1-37768 | Status: | Price: $5,290,000
Beds/Baths: – / –
Property Type: Residential Income

Quick Facts

Beds Baths Sq Ft Sq Ft Lot Yr Built
– – – 83,976 1983

Remarks

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.

MLS Listing Information

Field Value
MLS # CRV1-37768
MLS Source California Regional MLS
Days on Site 0

Features

Interior Features

Feature Details
Kitchen None
Appliances Other
Cooling Central Forced Air
Heating Central Forced Air

Exterior Features

Feature Details
Roof Composition, Flat

Parking, School, and Other Information

Feature Details
Garage/Parking Carport, Common Parking Area, Covered Parking, Private / Exclusive, Garage: 0 Car(s)
HOA Fee $0

Contact Information

Nathan Cardenas
Compass
License #: 02050368
Phone: (805) 657-9218

Property Units

# Buildings # Leased Units # Total Units
10 36 –

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School Type Grades Distance Rating
South High School public 9-12 0.17 mi 4
Leo G. Pauly Elementary School public K-6 0.21 mi 4
Plantation Elementary School public K-5 0.42 mi 4
Planz Elementary School public K-5 0.93 mi 3
Greenfield Middle School public 6-8 1.11 mi 4
Frank West Elementary School public K-5 1.12 mi 4
Wayside Elementary School public K-6 1.13 mi 4
Greenfield Community School public K-8 1.23 mi 3
Casa Loma Elementary School public K-6 1.31 mi 4
Raffaello Palla Elementary School public K-5 1.32 mi 6
Amy B. Seibert Elementary School public K-6 1.43 mi 3
W. A. Kendrick Elementary School public K-5 1.47 mi 9
Sequoia Middle School public 7-8 1.65 mi 2
Fairview Elementary School public K-5 1.73 mi 7
Dr. Martin Luther King, Jr. Elementary public K-6 1.79 mi 2
Evergreen Elementary School public K-5 1.92 mi 4
Louise Sandrini Elementary School public K-6 2.24 mi 3
Fred L. Thompson Junior High School public 7-8 2.28 mi 3
Vista Continuation High School public 9-12 2.29 mi 2
Crescent Elementary public K-5 2.32 mi 3

Disclosures

©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of July 23, 2026. For the most current information, please contact Nathan Cardenas, (805) 657-9218.