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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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68550 Grove Street Cathedral City, CA 92234
$10,950,000 0 beds, 0 baths
0 sqft
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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
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: 3/13/2026

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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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Listing Agent: Ethan Mezrahi
Co Listing Agent: Erik Christianson
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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