701 Planz RD, Bakersfield, CA 93304
- $5,290,000
Listed by Nathan Cardenas, (805) 657-9218 from Compass
(If provided) CoList: Michael Springer from Compass
- List Price
- $5,290,000
- MLS#
- CRV1-37768
- Status
- ACTIVE
- Lot Size
- 83,976
- Listing Area
- Bksf - Bakersfield
- Year Built
- 1983
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.
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Additional Information
- Amenities
- Balcony/Patio
- Cooling System
- Central AC
- Garage Parking
- Carport, Covered Parking, Private / Exclusive, Common Parking Area
- Heating System
- Central Forced Air
- Laundry Facilities
- Other
- Lot Size
- 83,976
- Neighborhood
- Bksf - Bakersfield
- Pool Description
- 31, None
- Roof
- Flat / Low Pitch, Composition
- Unincorporated Yn
- Yes
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