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$5,600,000

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701 Planz RD Bakersfield, CA 93304

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-28933

HOA Y/N No

Year Built 1983

Property Sub-Type Multi Family

Property Description

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.

Location

State CA

County Kern

Area Bksf - Bakersfield

Zoning R-3, R-2

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Electric Dryer Hookup, Inside

Exterior

Carport Spaces 37

Fence Security, Wrought Iron

Community Features Gated

Roof Type Composition

Present Use Multi-Family

Total Parking Spaces 73

Building

Lot Description 21-25 Units/Acre

Dwelling Type Multi Family

Story 2

Water Public

Others

Tax ID 02521003

Security Features Gated Community

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by William Gordon Watson Realty gordon@gordonteamrealty.com

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