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  • 68550 Grove Street

68550 Grove Street, Cathedral City, CA 92234

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

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Photo of Susan Einemo

Susan Einemo REALTOR® - Sales Associate 858-717-3763 m
858-717-3763 o
Lic#: 01464003
NRDS ID: 196528752
susaneee@hotmail.com Text Me
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Lic#: 01464003
NRDS ID: 196528752
susaneee@hotmail.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
 San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


Ethan Mezrahi | ethanmezrahi@gmail.com
Lic#: 02088186
Broker: Courtesy of Real Brokerage Technologies
Phone: (760) 799-6344

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
Subdivision: Cathedral City Cove
County: Riverside
Parking description: Assigned,Garage,Garage Door Opener,Guest
Heating description: Forced Air
MLS area: 336 - Cathedral City South

Last Updated: 6/11/2026

 Days On Market (DOM): 232

 Find more Cathedral City homes and real estate

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This listing belongs to the 336 - Cathedral City South MLS area

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Lat/Long: 33.779455, -116.465826.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Susan Einemo

Susan Einemo REALTOR® - Sales Associate 858-717-3763 m
858-717-3763 o
Lic#: 01464003
NRDS ID: 196528752
susaneee@hotmail.com Text Me
Call My Cell
Call My Office
Lic#: 01464003
NRDS ID: 196528752
susaneee@hotmail.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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