701 Planz Road, Bakersfield, CA 93304, Bakersfield, 93304 - 0 bed, 0 bath
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701 Planz Road
Bakersfield, CA 93304
ACTIVE
CONDITION: GOOD
0Beds
0Baths
36,640Sq Ft
83,976Lot Size
Property Price
LIST PRICE$5,290,000
SUMMARY
Analysis of 701 Planz Road, Bakersfield, CA 93304 is currently available with a list price of $5,290,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1983, the property has undergone significant capital improvements within the last 8 years, including full roof and HVAC replacements. Interior updates such as granite countertops and tile/wood flooring indicate a well-maintained, move-in ready condition consistent with a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Scale & Uniformity
The offering includes 40 units across ten fourplexes with a uniform 2-bedroom, 1-bathroom layout, which simplifies property management and streamlines operational underwriting.
- Major Capital Improvements
The property features recent high-ticket upgrades, including full roof and HVAC replacements across all units within the last eight years, reducing immediate capital expenditure needs.
- Value-Add Revenue Potential
With in-place rents currently performing meaningfully below market rates, there is a clear opportunity for investors to drive revenue growth through strategic lease-ups.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =83976, other record lot size in square feet = 6098.
- Limited Unit Diversity
The exclusive 2-bedroom, 1-bathroom unit mix may limit the property's appeal to a broader tenant demographic, such as individuals seeking studios or larger families needing three bedrooms.
- Asset Age
Built in 1983, the property may require ongoing cosmetic modernization and preventative maintenance to remain competitive against newer multifamily developments in the Bakersfield market.
About 701 Planz Road
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.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1983
- Lot Size
- 83,976 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 36,640 | 3,255.25 |
| Lot Size | 83,976 | 9,020 |
| Price | $5.29M | $503.0K |
| Price per sq ft | $144 | $185 |
| Built year | 1983 | 1968 |
| HOA | $0 | $0 |
| Days on market | 71 | 83 |
Pricing History
Listed for Sale
Jun 30, 2026
$5,290,000
Initial Listing