$11,950,000

68550 Grove Street, Cathedral City, CA 92234

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2025
  • Property Lot Size Icon0.68acre lot
  • Property Parking Icon 20 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

The Jasper is a one-of-a-kind opportunity to acquire 19 Multi-Family Units (currently under construction and estimated to be completed in Q1 2026) with an infill downtown location in fast-growing Cathedral City, which is currently experiencing a major development renaissance. This well-located property is off of the main arterial road ''Hwy. 111/East Palm Canyon Drive'' and is nearby the newly constructed and opened ''Agua Caliente Casino'' which created over 500 new jobs, with over 500 new slot/gaming machines & table games, and several new restaurants. Additional new retail is under construction to the east including Starbucks, Chipotle, Farmer Boys, and Circle K. This project is truly a prime pedestrian-oriented development. Furthermore, The Jasper is located within the state's Qualified Opportunity Zone (rare for superior locations like this), which can allow for significant capital gains tax savings for qualified investors.

Listing Status:
Active
Date Added:
November 5, 2025 at 06:00AM
Listing Office:
Real Brokerage Technologies : (619) 663-8680
Listing Agent:
Ethan Mezrahi : (760) 799-6344
MLS ID:
219138249DA
  • Flooring: Vinyl
  • A/C:
  • Heating: Forced Air
  • Parking: AssignedGarageGarage Door OpenerGuestParking spaces: 39
  • General: 3
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_CDAR
  • County: Riverside
  • Zoning: 687195013
  • View: Mountain(s)PanoramicView
  • Source: CRMLS_CDAR

This listing courtesy of Ethan Mezrahi, Real Brokerage Technologies

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cathedral City Elementary School

69300 Converse Rd, Cathedral City, CA, 92234

Grades KG-5

1.10 miles away

N

Nellie N. Coffman Middle School

34603 Plumley Rd, Cathedral City, CA, 92234

Grades 6-8

1.50 miles away

C

Cathedral City High School

69250 Dinah Shore Dr, Cathedral City, CA, 92234

Grades 9-12

1.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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