$10,950,000
68550 Grove ST
Cathedral City, CA, 92234
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.
Property Details
Price:
$10,950,000
MLS #:
219138249DA
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
Cathedral City Cove
Neighborhood:
336cathedralcitysouth
Listed Date:
Jan 16, 2026
Lot Size:
29,621 sqft / 0.68 acres (approx)
Year Built:
2025
Schools
Interior
Flooring
VINY
Heating
FA
Levels
C
Exterior
Garage Spaces
20
New Construction YN
1
Parking Spots
39
Parking Total
39
Security Features
FSDS, FS
View
MT, PA
Financial
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Courtesy of Real Brokerage Technologies. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 68550 Grove ST
Cathedral City, CA
