68550 Grove Street, Cathedral City, CA 92234

Local realty services provided by:ERA North Orange County Real Estate
68550 Grove Street,Cathedral City, CA 92234
$11,950,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ethan mezrahi, erik christianson
Office: real brokerage technologies
MLS#:219138249DA
Source:CRMLS

Price summary

  • Price:$11,950,000

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:47 day(s) ago
  • Updated:December 19, 2025 at 02:27 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:2025
  • Lot area:0.68 Acres

Finances and disclosures

  • Price:$11,950,000
Based on information from California Regional Multiple Listing Service, Inc. as of December 23, 2025 . 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. 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, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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