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24 Beds
43 Baths
19,868 sqft

$10,950,000

68550 Grove ST, Cathedral City CA, 92234

Price per sqft$551.14
Built in2025
Property size19,868 sqft
Property typeMulti-family

Overview

Active

Listed Nov 5, 2025

Updated 4 weeks ago

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.

$72,851/mo

Est. mortgage payment based on a $10,950,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
219138249DA

Interior Features

Bedrooms
24
Bathrooms
43
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.68 Acres

Other Property Details

Garage
Yes
View
Yes

Listed by Ethan Mezrahi with Real Brokerage Technologies
Listing Contact: (760) 799-6344 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Luca Volpe | CA DRE# 02037333 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/15/2026

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