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.
Wible Orchard, located between Wible Road and Gosford Road, is a residential and suburban Bakersfield neighborhood with curving cul-de-sacs and pocket parks. The neighborhood’s energy concentrates around the Wible Road & Stockdale Highway corridor, where coffee counters, local eateries, and everyday services set a steady, lived-in rhythm. Housing trends toward late-20th-century ranch and two-story plans with wide driveways and mature street trees. The setting reads car-friendly, with broad arterials framing quieter interior streets. Nearby green space and multi-use paths shape an outdoors-forward routine. Retail clusters along Stockdale Highway keep errands contained without changing the calm tone on side streets.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Balconies on units
Two levels in building
Bedrooms
Typical unit example: 2 bedrooms (unit-level details shown)
Bathrooms
Typical unit example: 1 bathroom (unit-level details shown)
Kitchen
No appliances listed for units
Laundry & utility
Interior laundry available
Heating & cooling
Central heating (central furnace)
Central cooling
Exterior features
Security fencing around property
Balconies
Corner location (Planz Rd and Raider Dr)
Paved city street access; curb and sidewalk present
Suburban setting with biking access
Home design
Attached multi-unit property
Two-story buildings
R-3 zoning
Parking
Covered on-site parking with private carports
Total parking spaces: 60
Accessibility parking available
Security
Security fencing
Construction
Wood construction
Composition and flat roofs
Built year per public records
Utilities
Separate water, gas, and electric meters for units (40 each)
Tenants pay gas, cable TV and electricity
HOA & community
Community features include curbs, sidewalks and biking access
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Kern County
APN
02521003001
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 22, 2026.
R-2
Small Lot Single-Unit Dwelling Zone
The purpose of the R-2 zone is to provide land areas for the use and occupancy of single-unit dwellings with or without accessory dwelling units and duplex, triplex, and quadplex dwellings. It is the intent of this zone to promote and encourage single-unit and small multi-unit neighborhoods that provide a livable, walkable and sustainable residential environment. The residential density range for this zone is 6.1 to 13 dwelling units per net acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Office
Educational/school
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 105° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
33 unhealthy days expected this year, 37 days in 30 years
Provided by First Street
Historical weather
Bakersfield, CA • 93304
Average low and high temperatures (°F)
62
41
69
46
76
52
78
54
87
61
96
69
98
70
100
71
93
68
82
59
67
50
59
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 701 Planz Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More