Bakersfield, CA 93304 701 Planz Road
$5,600,000
11 more
Presented By: William Gordon with Watson Realty; gordon@gordonteamrealty.com
SQFT • 36,640
Year Built • 1983
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; gordon@gordonteamrealty.com
Interior Features for 701 Planz Road
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, Inside
Total Stories2
General for 701 Planz Road
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Building NameCedarvale Apartments
Business TypeMultiTenant
Cap Rate8.18
Carport Spaces37.0
Carport Y/NYes
CityBakersfield
Community FeaturesGated
Construction MaterialsStucco
CoolingCentralAir
CountyKern
Current UseMultiFamily
DirectionsLocated in SE Bakersfield off of Planz Rd and S. Chester Ave near South High School.
ElectricStandard
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
MLS AreaBKSF - Bakersfield
MobileHomeRemainsYNNo
Net Operating Income457846.0
New ConstructionNo
Number of Units Leased40
Occupancy TypeTenant
Open Parking Spaces36.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Structure TypeMultiFamily
Year Built1983
ZoningR-3, R-2
Exterior for 701 Planz Road
Building Area Total36640.0
Crops Included Y/NNo
FencingSecurity, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentyOneToTwentyFiveUnitsAcre
Lot Size Area1.93
Number of Buildings10
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking73.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
