Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    68550 Grove St Cathedral City, CA 92234

    For Sale
    $11,950,000

    MULTI_FAMILY - Cathedral City, CA

    Type:Apartment
    Property size:
    19,868 SF
    Lot size:
    0.68 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 8 at 6:06 am

    Property Features for 68550 Grove St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 12, Bathroom 31, Bathroom 20, Bathroom 5, Bathroom 19, Bathroom 14, Bedroom 7, Bathroom 39, Bedroom 23, Bathroom 13, Bathroom 16, Bathroom 43, Bathroom 29, Bedroom 11, Bathroom 6, Bedroom 20, Bathroom 34, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 2, Bathroom 22, Bedroom 4, Bathroom 38, Bathroom 23, Bedroom 8, Bathroom 26, Bedroom 24, Bathroom 33, Bedroom 14, Bedroom 16, Bathroom 1, Bathroom 18, Bathroom 32, Bathroom 30, Bathroom 36, Bathroom 3, Bedroom 21, Bathroom 41, Bathroom 17, Bathroom 25, Bedroom 15, Bathroom 24, Bathroom 28, Bedroom 18, Bathroom 42, Bedroom 13, Bedroom 5, Bathroom 35, Bathroom 37, Bedroom 12, Bathroom 11, Bedroom 17, Bedroom 9, Bedroom 19, Bathroom 4, Bathroom 7, Bedroom 10, Bathroom 27, Bedroom 22, Bathroom 10, Bathroom 9, Bathroom 15, Bathroom 40, Bathroom 8, Bathroom 21, Bedroom 1
    Bedrooms
    24
    Bathrooms
    36
    APN
    687195013
    Parking
    39
    Parking features
    Open, Guest, Assigned
    Size
    19,868 SF
    Lot size
    0.68 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    2025
    Floors in Building
    3
    Number of units
    19
    Flooring type
    Vinyl

    Real Broker Technologies, Inc. (855) 450-0442 [email protected]

    Listing agent Ethan Mezrahi

    Listing date Nov 5, 2025

    MLS# 219138249 Listing URL

    Copyright © 2025 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Multifamily Units in Cathedral City

    The Jasper presents an opportunity to acquire 19 multifamily units currently under construction, with estimated completion in Q1 2026. The property is situated in a downtown location within Cathedral City, an area experiencing significant development. Located off Highway 111/East Palm Canyon Drive, the property is near the Agua Caliente Casino, which has introduced over 500 jobs and new gaming and dining options. Additional retail developments are under construction to the east, including Starbucks, Chipotle, Farmer Boys, and Circle K. The property is located within a Qualified Opportunity Zone. The property size is 19868 square feet on a lot of 0.68 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.465826
    Latitude
    33.779455

    Nearby Similar for Sale

    • New
      $565,000
      1,508 SF

      Upgraded Mid-Century Style Duplex

      Upgraded duplex with main house and guest house.
      68286 Grandview Ave, Cathedral City, CA 92234
      View Details
    • New
      $175,000
      Pending

      High-End Property in Cathedral City

      Luxury RV living with premium indoor and outdoor features.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $249,000
      0.05 Acres

      Turnkey RV Resort Opportunity

      Premium lot with luxury RV in sought-after resort community.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $110,000
      0.05 Acres

      Premium Corner Lot with RV

      Corner lot with RV, near golf course and amenities.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $95,000
      0.05 Acres

      Cathedral City Land For Sale

      RV-compliant land in Cathedral City, ready for upcoming season.
      69411 Ramon Rd, Cathedral City, CA 92234
      View Details
    • $1,299,900
      3,153 SF

      Iconic Firehouse in Downtown Cathedral

      Former firehouse suitable for creative offices, light industrial, or retail.
      36805 Cathedral Canyon Dr, Cathedral City, CA 92234
      View Details

    FAQs

    What type of property is this?
    Apartment building - 19 multifamily units under construction in downtown Cathedral City.
    Where is this apartment building located?
    The property is located at 68550 Grove St Cathedral City, CA.
    What is the asking price?
    The asking price for this property is $11,950,000.
    What are key features of this property?
    This property features: - Located in a Qualified Opportunity Zone, offering potential capital gains tax savings.; - Prime downtown infill location in fast-growing Cathedral City.; - 19 Multi-Family Units under construction, estimated completion in Q1 2026.
    (760) 799-6344
    Request Owner's contact information
    68550 Grove St Cathedral City, CA 92234
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    68550 Grove St
    Cathedral City, CA 92234
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    68550 Grove St Cathedral City, CA 92234
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.