$5,290,000

Multi Family In Bakersfield

  • 2 Beds
  • 1 Baths
  • 1.93 Ac lot
  • Updated: July 23
  • 1
    Views for last 30 days
  • Source:
    San Diego MLS  MLS#V1-37768

About the Property

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 fl
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 [hidden information] Planz Road is well suited for investors seeking to establish or expand a position in the Bakersfield multifamily market.
  • Property type

    Other

  • Floors

    2

Features

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701 Planz Road, Bakersfield, California, United States View on Google Maps
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Compass - Santa Barbara

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Compass - Santa Barbara
California, United States
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2025
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Compass - Santa Barbara
Santa Barbara, California, United States
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Last updated
July 23
First listed
Jul 23
Listing reference
V1-37768
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