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.
36,640 Sq Ft
1.9278 Private Acres Lot Size
investment
Built in 1983
MLS/Listing ID V1-37768
2 Stories
40 Units
Security
Balcony
Cooling - Central Air
Construction - Wood Siding
Community - Biking
Community - Curbs
Community - Sidewalks
Community - Suburban
Parking
Flat
Composition
Parking - Carport
Parking - Covered
Parking - On Site
Parking - Private
Inside
TOTAL MONTHLY COST
US$0
US$0
US$0