Properties

Cathedral City, CA 92234 68550 Grove Street

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Presented By: Ethan Mezrahi with Real Brokerage Technologies;
  • MLS# 219138249DA
  • 11/05/2025
  • Get pre-approved
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  • Garage • 20

Home Details

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.
Presented By: Ethan Mezrahi with Real Brokerage Technologies;

Interior Features for 68550 Grove Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Total Stories3

General for 68550 Grove Street

Carport Spaces
CityCathedral City
CountyRiverside
DirectionsCross Streets: Grove Street & Cathedral Canyon Drive
Garage Spaces20
Garage Y/NYes
HOA Fee$
HeatingForced Air
Land Lease Y/NNo
LevelsThree Or More
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet29621
Lot Size UnitsSquare Feet
MLS Area336 - Cathedral City South
New ConstructionYes
Number Of Units Total19
Open Parking Spaces19
PostalCityCATHEDRAL CITY
Property Attached Y/NYes
Property TypeResidential Income
Rent Control Y/NNo
Security FeaturesFire Detection System, Fire Sprinkler System, Smoke Detector(s)
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameCathedral City Cove
ViewMountain(s), Panoramic
Year Built2025
Year Built SourceBuilder

Exterior for 68550 Grove Street

Lot Size Acres0.68
Lot Size Area29621
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters19
Number of Separate Gas Meters0
Number of Separate Water Meters1
Parking FeaturesAssigned, Garage, Garage Door Opener, Guest
Private PoolNo
SpaNo
Total Parking39

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $10,950,000
MLS#219138249DA
List Date 11/05/2025
Property Type Multi-Family
Phone 888.795.6274
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