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68550 Grove Street, Cathedral City, CA 92234
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68550 Grove Street
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  • MLS#: 219138249DA ( )
  • Street Address: 68550 Grove Street
  • Viewed: 3
  • Price: $11,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 0
  • Days On Market: 2
  • Additional Information
  • County: RIVERSIDE
  • City: Cathedral City
  • Zipcode: 92234
  • Subdivision: Cathedral City Cove
  • Provided by: Real Brokerage Technologies
  • Contact: Ethan Ethan
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Country
  1. US
Flooring
  1. Vinyl
Garage Spaces
  1. 20.00
Heating
  1. Forced Air
Levels
  1. Three Or More
Number Of Separate Electric Meters
  1. 19
Parcel Number
  1. 687195013
Parking Features
  1. Assigned
  2. Garage Door Opener
  3. Guest
Security Features
  1. Fire Sprinkler System
  2. Fire and Smoke Detection System
Sourcesystemkey
  1. 20251105171339388672000000:CDAR
Subdivision Name Other
  1. Cathedral City Cove
Uncovered Spaces
  1. 19.00
View
  1. Mountain(s)
  2. Panoramic
Year Built
  1. 2025
Year Built Source
  1. Builder