- $12M Price
- .68 Acres
- 5 DOM
68550 Grove Street
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.
Essential Information
- MLS® #219138249DA
- Price$11,950,000
- Bathrooms0.00
- Acres0.68
- Year Built2025
- TypeResidential Income
- StatusActive
Community Information
- Address68550 Grove Street
- Area336 - Cathedral City South
- SubdivisionCathedral City Cove
- CityCathedral City
- CountyRiverside
- Zip Code92234
Amenities
- Parking Spaces39
- # of Garages20
- ViewMountain(s), Panoramic
Parking
Assigned, Garage, Garage Door Opener, Guest
Garages
Assigned, Garage, Garage Door Opener, Guest
Interior
- InteriorVinyl
- HeatingForced Air
- # of Stories3
- StoriesThree Or More
Additional Information
- Date ListedNovember 5th, 2025
- Days on Market5
Listing Details
- AgentEthan Mezrahi
- OfficeReal Brokerage Technologies
Ethan Mezrahi, Real Brokerage Technologies.
Based on information from California Regional Multiple Listing Service, Inc. as of November 11th, 2025 at 2:56pm PST. 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.