Bakersfield, CA 93304 701 Planz Road

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Presented By: William Gordon with Watson Realty - (805) 824-5454
  • I-Tech MLS - 227 - CA
  • MLS# V128933
  • 03/27/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • SQFT • 36,640

Home Details

The Cedarvale Apartment complex (built in 1983) features 40 two bed, one bath units contained within 10 buildings in an attractive setting surrounded by mature trees & lawns. All roofs were replaced in 2019 & new A/C units were installed on all buildings. Each building has two ground floor units & two second floor units w/balconies. Each unit has granite countertops & hard surface tile/wood flooring throughout (no carpet in any unit). The property is gated & located adjacent to South High school w/easy access to Highway 99 which now links up to the Westside Parkway providing quick commutes to most areas of Bakersfield. There's plenty of parking with 73 spaces, 37 of which are covered. Bakersfield continues to grow as a top destination for affordable housing & business friendly policies throughout Central & Southern California. This property consists of two separate APNs: 025-210-03, 025-210-04 w/a combined building square footage of 36,640 sf.
Presented By: William Gordon with Watson Realty - (805) 824-5454

Interior Features for 701 Planz Road

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Laundry FeaturesElectric Dryer Hookup, Inside
Total Stories2

General for 701 Planz Road

Adult Family HomesNone
Building Area UnitsSquare Feet
Building NameCedarvale Apartments
Business TypeMulti-Tenant
Cap Rate8.18
Carport Spaces37
Carport Y/NYes
CityBakersfield
Community FeaturesGated
Construction MaterialsStucco
CoolingCentral Air
CountyKern
Current UseMulti-Family
DirectionsLocated in SE Bakersfield off of Planz Rd and S. Chester Ave near South High School.
ElectricStandard
HOA Fee$
HeatingCentral
MLS AreaBKSF - Bakersfield
Net Operating Income457846
Number of Units Leased40
Occupancy TypeTenant
Open Parking Spaces36
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofComposition
Security FeaturesGated Community
Standard StatusActive
StatusActive
Structure TypeMulti Family
Year Built1983
ZoningR-3, R-2

Exterior for 701 Planz Road

Building Area Total36640
FencingSecurity, Wrought Iron
Lot Features21-25 Units/Acre
Lot Size Area1.93
Number of Buildings10
Total Parking73
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $5,600,000
MLS#V128933
List Date 03/27/2025
Property Type Commercial
Phone 714.742.6515
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