CA > Cathedral City > Cathedral City Cove
Cathedral City, CA 92234,68550 Grove ST
Cathedral City, CA 92234,68550 Grove ST
Cathedral City, CA 92234,68550 Grove ST
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Ron Taibi

Ron Taibi

+1(661) 212-1135
$11,950,000
Est. payment /mo
24 Beds
43 Baths
19,868 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 19,868 sqft

Price per Sqft $601

Subdivision Cathedral City Cove

MLS Listing ID 219138249DA

Bedrooms 24

Full Baths 28

Half Baths 15

Construction Status New Construction

Year Built 2025

Lot Size 0.680 Acres

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Riverside

Area Cathedral City South

Interior

Heating Forced Air

Cooling Air Conditioning

Flooring Vinyl

Exterior

Parking Features Assigned, Door Opener, Parking for Guests

Garage Spaces 39.0

View Y/N Yes

View Mountains, Panoramic

Building

Story 3

Sewer In Connected and Paid

Level or Stories Three Or More

Construction Status New Construction

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Ron Taibi

Ron Taibi

+1(661) 212-1135

Agent | License ID: 01240158

Agent License ID: 01240158

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