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  • 701 Planz Road

701 Planz Road, Bakersfield, CA 93304

$4,950,000 Approx. USD 0 beds, 0 baths

Reduced by $340,000 on 10/9/2026
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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Nathan Cardenas | nathan@nathansellssocal.com
Lic#: 02050368
Broker: Courtesy of Compass
Phone: (805) 657-9218

Co Listing Agent


Michael Springer | Springer@compass.com
Lic#: 01265333
Broker: Courtesy of Compass
Phone: (310) 745-8569

Agent 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# V1-37768
List price is $4,950,000 Reduced by $340,000 on 10/9/2026
Price: $4,950,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1983
2 stories
1.93 acres
Lot size: 1.9278
Subdivision: Other
County: Kern
Zoning: R-3
Construction: Wood Siding
Interior features: Balcony
Exterior features: Balcony
Parking description: Covered,Carport,On Site,Private
Heating/cooling: Central Air
Heating description: Central
MLS area: BKSF - Bakersfield

Last Updated: 10/9/2026

 Days On Market (DOM): 81

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This listing belongs to the BKSF - Bakersfield MLS area

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Lat/Long: 35.324572, -119.010540.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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