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Jeffrey Walker

jeffrey@walkerpropertygroupca.com +1(949) 903-3731

$ 4,950,000

Est. payment | -/mo

1.93 Acres Lot

Save

$ 4,950,000

Est. payment | -/mo

Save

1.93 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-37768

HOA Y/N No

Year Built 1983

Lot Size 1.928 Acres

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

Area Bksf - Bakersfield

Zoning R-3

Interior

Interior Features Balcony

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Exterior Feature Balcony

Parking Features Covered, Carport, On Site, Private

Fence Security

Pool None

Community Features Biking, Curbs, Suburban, Sidewalks

View Y/N No

View None

Roof Type Composition,Flat

Accessibility Parking

Porch Balcony

Total Parking Spaces 60

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Nathan Cardenas Compass #02050368

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

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701 Planz RD Bakersfield, CA 93304