For Sale

Listed by Ethan Mezrahi from Real Brokerage Technologies

Source: California Regional Multiple Listing Service, Inc #219138249

68550 Grove Street, Cathedral City, CA, 92234

$10,950,000

24
43
39
19868 sq. ft.
29621 sq. ft.

Apartment

30+ days on the market

What's around 68550 Grove Street

About this property

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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