68550 Grove Street, Cathedral City, CA 92234

$10,950,000 Approx. USD 0 beds, 0 baths

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Brochure

Photo of Valerie Tuck

Marketed By Valerie Tuck REALTOR® - Sales Associate 858-353-3377 m
858-353-3377 o
Lic#: 01947055
NRDS ID: 196559249
valerietuckhomes@gmail.com La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275

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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 219138249DA

List price is $10,950,000 Reduced by $1,000,000 on 1/16/2026

Price: $10,950,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 2025

0.68 acres

Lot size: 0.6800