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68550 Grove Street

Cathedral City CA 92234

24
43
39
19868 sq. ft.
29621 sq. ft.
Apartment
Currently for sale - view listing

Overview

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.

Features

24 bedrooms
43 bathrooms
39 carspaces
20 garage spaces
19868 sq. ft. floor area
29621 sq. ft. lot size
Apartment

Happy sellers in Cathedral City

<50%
Less than 50% of sellers in Cathedral City reported that their sale price either exceeded or met their price expectations.

Cathedral City stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Cathedral City over the last 12 months.

Local market activity for 24 bedroom apartments in Cathedral City

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