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$11,950,000
65 Days On Site

68550 Grove Street
Cathedral City, CA 92234

For Sale|Residential Income|Active
0
Beds
0
Total Baths
2025
Built
Subdivision:
Cathedral City Cove
County:
Riverside
Listed by Ethan Mezrahi of Real Brokerage Technologies [email protected]
68550 Grove Street68550 Grove Street68550 Grove Street68550 Grove Street
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Mortgage Calculator

Monthly Payment (Est.)

$54,521
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$11,950,000
Days On Site 
65 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.68 Acres
Year Built 
2025
MLS® Number 
219138249DA
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.68
Garage 
Yes
Garage Spaces 
20
Land Lease 
No
Levels 
Three Or More
Number Of Stories 
3
Parking 
AssignedGarageGarage Door OpenerGuest
Parking Spaces 
39
Property Condition 
New Construction
Security 
Fire Sprinkler SystemSmoke Detector(s)
Special Circumstances 
Standard
Interior Features
Cooling 
Flooring 
Vinyl
Heating 
Forced Air
Den 
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Exterior Features
View 
Mountain(s)Panoramic
Waterview 
Mountain(s)Panoramic
Community Features
Financing Terms Available 
Cash1031 Exchange
MLS Area 
336 - Cathedral City South


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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