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68550 Grove Street

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Cathedral City, CA 92234

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.

1/19

68550 Grove Street

$11,950,000

  • 24 bedrooms
  • 28 baths
  • 19868 sq ft
  • MLS# : 219138249
  • Built in 2025

Nearby schools

  • Palm Springs Unified School District

    Actual schools may vary. We recommend verifying with the local school district, the school assignment and enrollment process.

    Map & directions

    Contact

    Ethan Mezrahi

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     By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Realtor.com (Move Sales, Inc.) about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to Realtor.com ’s Terms of Use and to Realtor.com ’s Privacy Policy regarding information relating to you. Msg/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list.
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