68550 Grove Street, Cathedral City, CA 92234
Local realty services provided by:CENTURY 21 Synergia Realty
68550 Grove Street,Cathedral City, CA 92234
$10,950,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ethan mezrahi, erik christianson
Office: real brokerage technologies
MLS#:219138249DA
Source:CRMLS
Price summary
- Price:$10,950,000
About this home
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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Home facts
- Year built:2025
- Listing ID #:219138249DA
- Added:133 day(s) ago
- Updated:March 19, 2026 at 10:36 AM
Rooms and interior
- Flooring:Vinyl
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:2025
- Lot area:0.68 Acres
Finances and disclosures
- Price:$10,950,000
Parking
- Total parking spaces:39
- Parking description:Assigned, Garage, Garage Door Opener, Guest
- Garage:Yes
- Garage spaces:20
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