701 Planz Rd Bakersfield, CA 93304
Wible Orchard NeighborhoodEstimated payment $31,778/month
Highlights
- 1.93 Acre Lot
- Accessible Parking
- Bike Trail
- Balcony
- Central Heating and Cooling System
- Security Fence
About This Home
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
Home Type
- Multi-Family
Year Built
- Built in 1983
Lot Details
- 1.93 Acre Lot
- Two or More Common Walls
- Security Fence
Home Design
- Property Attached
- Flat Roof Shape
- Composition Roof
- Wood Siding
Interior Spaces
- 36,640 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 60 Parking Spaces
- Carport
- Parking Available
Additional Features
- Accessible Parking
- Balcony
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 3,4
- Assessor Parcel Number 02521003001
Community Details
Overview
- 10 Buildings
- 40 Units
Recreation
- Bike Trail
Building Details
- 36 Leased Units
- Rent Control
- 40 Separate Electric Meters
- 40 Separate Gas Meters
- 40 Separate Water Meters
- Electric Expense $2,218
- Gardener Expense $7,200
- Insurance Expense $27,600
- Maintenance Expense $15,473
- Professional Management Expense $12,000
- Trash Expense $11,670
- Water Sewer Expense $13,293
- Operating Expense $150,961
- Gross Income $545,352
- Net Operating Income $394,391
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $36,460 | $2,488,125 | $497,618 | $1,990,507 |
| 2024 | $36,460 | $2,439,339 | $487,861 | $1,951,478 |
| 2023 | $35,646 | $2,391,510 | $478,296 | $1,913,214 |
| 2022 | $21,992 | $1,260,000 | $210,000 | $1,050,000 |
| 2021 | $20,982 | $1,260,000 | $210,000 | $1,050,000 |
| 2020 | $20,685 | $1,260,000 | $210,000 | $1,050,000 |
| 2019 | $20,675 | $1,260,000 | $210,000 | $1,050,000 |
| 2018 | $20,588 | $1,260,000 | $210,000 | $1,050,000 |
| 2017 | $20,839 | $1,260,000 | $210,000 | $1,050,000 |
| 2016 | $19,551 | $1,260,000 | $210,000 | $1,050,000 |
| 2015 | $17,560 | $1,075,000 | $250,000 | $825,000 |
| 2014 | $17,298 | $1,075,000 | $250,000 | $825,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/23/2026 07/23/26 | For Sale | $5,290,000 | -- | $144 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Fidelity Title | |
| Warranty Deed | $1,975,000 | Fidelity Title | |
| Warranty Deed | -- | Fidelity Title | |
| Warranty Deed | -- | Fidelity Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,680,000 | No Value Available | |
| Previous Owner | $1,481,250 | No Value Available |
Source: Ventura County Regional Data Share
MLS Number: V1-37768
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