701 Planz Rd, Bakersfield, CA 93304
Property image
Property image
FOR SALE
1.93 ACRES
Listed by Nathan Cardenas, Compass, (805) 657-9218

$5,290,000

  • 2 Beds
  • 1 Bath
  • 36,640 sqft (on 1.93 acres)

701 Planz Rd, Bakersfield, CA 93304

Est. Mortgage $32,837/mo*
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Home Highlights

Multi-Family
Built in 1983
1.93 acre lot
$144/sqft
Carport

Local Information

  • Map ViewExplore the area around 701 Planz Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.

Home Details for 701 Planz Rd

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1
Appliances & Utilities
Laundry: Inside
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoAccessibility: Parking
View
No View

Exterior Features

Exterior Home Features
Roof: Composition FlatPatio / Porch: BalconyFencing: SecurityExterior: BalconyNo Private Pool
Parking & Garage
Has a CarportNo GarageNo Attached GarageParking Spaces: 60Parking: Covered,Carport,On Site,Private
Pool
Pool: None
Frontage
Road Frontage: City StreetRoad Surface Type: PavedNot on Waterfront

Days on Market

Cumulative Days on Market: 144Days on Market: 180+

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood SidingAttached To Another Structure
Property Information
Not Included in Sale: Personal items.Parcel Number: 02521003001

Price & Status

Price
List Price: $5,290,000Price Per Sqft: $144

Active Status

MLS Status: Active

Location

Direction & Address
City: BakersfieldCommunity: Other

Agent Information

Listing Agent
Listing ID: V1-37768

Building

Building Area
Building Area: 36640 Square Feet

Community

Community Features: Biking, Curbs, Suburban, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS (Ventura & Pasadena-Foothills AORs)HOA Fee: No HOA Fee

Lot Information

Lot Area: 1.9278 Acres

Listing Info

Special Conditions: Standard

Offer

Contingencies: 1031 ExchangeListing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange

Business

Expense
Tenant Pays: Cable TV, Electricity, Gas

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: V1-37768Living Area Range Units: Square FeetUniversal Property Id: US-06029-N-02521003001-R-N

Additional Information

BikingCurbsSuburbanSidewalksSource Internet Entire Listing Display

Around this home

What Locals Say about Bakersfield

At least 3513 Trulia users voted on each feature.

  • 85 % Say there are sidewalks

  • 83 % Say car is needed

  • 81 % Say yards are well-kept

  • 81 % Say parking is easy

  • 74 % Say it's dog friendly

  • 73 % Say there's holiday spirit

  • 66 % Say kids play outside

  • 57 % Say it's quiet

  • 55 % Say streets are well-lit

  • 54 % Say people would walk alone at night

  • 52 % Say it's walkable to grocery stores

  • 51 % Say they plan to stay for at least 5 years

  • 48 % Say it's walkable to restaurants

  • 47 % Say neighbors are friendly

  • 26 % Say there's wildlife

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Yes is a friendly neighborhood, homeless occasionally! But neighbors take care of neighbors!!"
    0
    Flag
  • Yajairaamor
    "I love my neighborhood"
    0
    Flag
  • Missjessrn
    "People drive 60 mph up and down our streets. We would benefit from speed bumps. "
    0
    Flag
  • Shauna.searchkern
    "I’ve lived here for 5 years. I love it! My neighbor is amazing and I have had really no issues… there a bit of traffic in the alley way and some sketchy people that walk back there but over all it’s a great place to live!"
    0
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  • Trulia User
    "55 and older neighborhood. Super quiet. No cars on the street everybody super friendly. Always have activities going on at the clubhouse. Nice pool and spa with Pickleball courts and a putting green."
    0
    Flag
  • Tamandsam2013
    "I don’t really know much about my neighbors. Never had any problems. It’s not my ideal area, but I love my house."
    0
    Flag
  • Davinder S.
    "This is a nice and comfortable residential area. The streets have sidewalks, parking is easy, and many yards are well-kept. It feels family-friendly, dog-friendly, and peaceful, with kids playing outside and neighbors taking care of their homes. Overall, it seems like a good place to live and stay long-term."
    1
    Flag
  • John Doe
    "Everyone speeds in these neighborhoods, very little neighborhood lighting , no speed bumps and homeless dogs and people are a problem. I hope the city can fix these issues. "
    1
    Flag
  • Robersonk16
    "It's beautiful with all the trees it's tucked away from main street traffic. The neighbors are very friendly and look out for each other "
    1
    Flag
  • Jessicagrogan82
    "I see people walking their dogs all around my neighborhood. There are also multiple dog parks in the area."
    0
    Flag
  • Stetsonpl
    "There’s a nice pocket park with trash recepticles and doggie waste bags. Our neighborhood is quiet with no through traffic."
    0
    Flag
  • Diego Pelayo
    "There are several feral dogs all over the neighborhood, is not a safe place to walk with your dog or have a pet, there is dog poop all over the sidewalks either "
    1
    Flag
  • Lucas_chambers
    "From 4th of July water wars to the holiday parades. This community is highly active with engagements all year long."
    0
    Flag
  • joseph fuentes
    "Fast and easy. Freeways are not normally packed. There’s is tho cops with radar ready to give out tickets "
    0
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  • Tqhf2bbdzs
    "There is a small park with grass they can go to. The neighborhood goes in a loop. Perfect for walking the dogs. "
    0
    Flag
  • John Doe
    "Safe Halloween, and lots of family activities held by city of Bakersfield and kern county. I’ve lived in Los Angeles county before I bought a home here in Bakersfield, and Bakersfield is hands down way better than Los Angeles County "
    1
    Flag
  • Danielbarba214
    "Always be alert and keep good communication with your family members and friends and around the neighborhood "
    0
    Flag
  • Natalee Miller
    "I like that my neighbors are quiet and mind their own business. It makes me feel secure knowing i won’t have to have a small talk convo with some random person. "
    1
    Flag
  • Susanna Escobar
    " Most of all neighbors have lived here for more than 20 years and we pretty much look out for each other schools are pretty close "
    2
    Flag
  • Bowler70
    "We have some things for seniors to get interested in at our club house. They have a library for the seniors and other events there for them."
    1
    Flag
  • Dlbrown261
    "Many community events including weekly water aerobics classes at the pool, weekly crafting classes and wood shop and monthly dinners."
    0
    Flag
  • Mattclough72
    "Good people, quality houses. I love how much o feel at home. I love Halloween and Christmas I love to be loved and I love to live here in the comfort of the neighborhood."
    0
    Flag
  • Cid Alarid
    "I dont commute anymore I amretired from the workforce - i moved from los angeles to live here so therefore I dont commute- but if i did drive in bakersfield-the drive would be fine and traffic free"
    0
    Flag
  • Alma Castro
    "I have not attended any community events in my area. I do not know if any events that happen around my area"
    0
    Flag
  • Aazusana
    "I see most of the homes decorated for the holidays and children riding bikes. Very quiet, clean, maintained yards and trimmed trees. I feel safe and happy here. "
    0
    Flag
  • John Meadows
    "Becoming less and less safe. Do not open your door to anyone you do not know. You need an alarm system and dogs."
    12
    Flag
  • Miguelcejaa91
    "This neighborhood is very quiet but the neighbors are nosy. Most don’t even acknowledge you when you wave or they act like they don’t see you."
    10
    Flag
  • Trulia User
    "this is such a good neighborhood. clean yards, children playing, people walking their dogs. it's just a good atmosphere. lot's of trees. just beautiful. "
    2
    Flag
  • Trulia User
    "It’s dog friendly with a lot of dog owners. There are multiple dog parks nearby within a couple of miles away. There are also many different walkways and routes to walk your dog and keep things interesting for walking your dogs. "
    5
    Flag
  • Trulia User
    "the commute is fantastic very good and convenient . and clean environment rapid and neighborhood friendly "
    2
    Flag
  • Trulia User
    "it's a tight knit community. family first. people look out for one another. everyone is friendly and mindful of one another "
    0
    Flag
  • Trulia User
    "Good place to live and raise a family if you wanna go out for the weekend this is the place downtown has so much to do "
    0
    Flag
  • Trulia User
    "it's a beautiful quiet neighborhood, even the kids outside playing are generally Peaceful. "
    0
    Flag
  • Trulia User
    "almost everyone owns a dog and a motorcycle;) u see alot of dog walking and lots of dog grooming and dog washing areas available "
    2
    Flag
  • Trulia User
    "nothing... it is a pet friendly community. most pet owners are responsible and respectful. a lot ok kids too!"
    1
    Flag
  • Trulia User
    "Like it because there’s lots of other pet owners in the area. It’s also very quiet here, even with a busy street nearby."
    1
    Flag
  • Trulia User
    "my neighborhood is nice. and seems to be a safe haven for crime. very nice neighbors. clean, safe, close to everything. Great Schools etc. "
    0
    Flag
  • Trulia User
    "very nice neighborhood. We are happy and feeling safe. Great schools and close to everything in Bakersfield."
    0
    Flag
  • Trulia User
    "nice, safe ,not in the night. I like it. I have lived here for 12 years nothing bad has happened to me. beautiful place I will say."
    0
    Flag
  • Trulia User
    "Love the neighborhood looking to buy a house with my family with a pool and a great location with great schools and shopping centers "
    1
    Flag

Market trends in Bakersfield

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$398K
$1.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$237
$3MoM
Available listings
1425

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1405 White Ln, Bakersfield, CA
0.66
Multi-Family Home
$18,600,000
12/10/25
-
66,991
2905 S Chester Ave, Bakersfield, CA
0.25
Multi-Family Home
$405,000
01/02/26
-
3,148
2901 S Chester Ave, Bakersfield, CA
0.26
Multi-Family Home
$405,000
01/02/26
-
3,148
128 White Ln, Bakersfield, CA
0.56
Multi-Family Home
$1,575,000
03/27/26
-
6,208
1804 Hodges Avenue, Bakersfield, CA
1.17
Multi-Family Home
$405,000
07/17/26
5
2
1,823
919 Southgate Dr, Bakersfield, CA
0.75
Multi-Family Home
$480,000
12/15/25
-
2,400
2403 S I St, Bakersfield, CA
0.81
Multi-Family Home
$210,000
01/30/26
-
922
2109 Mahoney St, Bakersfield, CA
0.75
Multi-Family Home
$70,000
01/22/26
-
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3212 S P St, Bakersfield, CA 93304
0.10
$304,900
4
2
1,209
Off Market
3201 Parkland Ct, Bakersfield, CA 93304
0.11
$274,950
3
2
1,227
Recently Sold
3125 Parkland Ct, Bakersfield, CA 93304
0.13
$310,000
3
2
1,227
Off Market
3116 S P St, Bakersfield, CA 93304
0.14
$289,600
3
1
1,013
Off Market
709 Idlewood Ct, Bakersfield, CA 93304
0.08
$335,600
2
2
1,291
Off Market
913 Meredith Dr, Bakersfield, CA 93304
0.16
$305,500
3
1
1,234
Off Market
3403 Leslie Ln, Bakersfield, CA 93304
0.11
$44,100
1
1
-
Off Market
919 Beryl Dr, Bakersfield, CA 93304
0.20
$310,000
4
2
1,491
Off Market
3000 S Chester Ave #7, Bakersfield, CA 93304
0.19
$110,600
3
2
1,440
Off Market
3000 S Chester Ave #12, Bakersfield, CA 93304
0.19
$100,600
3
2
-
Off Market
3000 S Chester Ave #14, Bakersfield, CA 93304
0.19
$120,000
3
2
3,335
Recently Sold

Price and Tax history

DateEventPrice
Jul 23, 2026
Source: CRMLS #V1-37768
Listed For Sale
$5,290,000

LGBTQ Local Legal Protections

Nathan Cardenas, Compass
Agent Phone: (805) 657-9218
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-09 11:26:56 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Frequently asked questions about 701 Planz Rd

  • What is the estimated monthly payment for 701 Planz Rd?
    Based on a $5,290,000 list price with 20% down at today's rates, the estimated monthly payment for 701 Planz Rd in Bakersfield, CA is approximately $33,749 (about $28,164 principal & interest, $5,510 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 701 Planz Rd compare to homes in Bakersfield?
    701 Planz Rd in Bakersfield, CA is listed at $5,290,000, about 1228% above the $398K median sale price in Bakersfield.
  • What do residents say about Bakersfield?
    Residents describe Bakersfield, CA as pedestrian-friendly, well-kept, and easy to park in. See homes for sale in Bakersfield, CA.
  • What are the closest schools to 701 Planz Rd?
    The closest schools to 701 Planz Rd in Bakersfield, CA are Curran Middle School (rated 2/10), Frank West Elementary School (rated 4/10), South High School (rated 4/10).
  • Does 701 Planz Rd have air conditioning?
    Yes, 701 Planz Rd in Bakersfield, CA has air conditioning.
  • Does 701 Planz Rd have laundry facilities?
    Yes, 701 Planz Rd in Bakersfield, CA has laundry facilities.
701 Planz Rd, Bakersfield, CA 93304 is a 2 bedroom, 1 bathroom, 36,640 sqft multi-family built in 1983. This property is currently available for sale and was listed by CRMLS on Jul 23, 2026. The MLS # for this home is MLS# V1-37768.