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68550 Grove St Cathedral City, CA 92234

Sponsored
For Sale
$10,950,000

MULTI_FAMILY - Cathedral City, CA

Type:Apartment
Property size:
19,868 SF
Lot size:
0.68 Acres
Days on Market:
13
Last Refresh:
Jan 28 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 36, Bathroom 3, Bedroom 16, Bedroom 18, Bedroom 7, Bathroom 16, Bedroom 24, Bedroom 6, Bathroom 12, Bathroom 42, Bathroom 19, Bathroom 2, Bathroom 28, Bathroom 35, Bathroom 33, Bathroom 31, Bathroom 26, Bathroom 9, Bathroom 21, Bathroom 15, Bedroom 4, Bedroom 17, Bedroom 5, Bedroom 11, Bathroom 20, Bathroom 1, Bedroom 15, Bathroom 38, Bathroom 29, Bedroom 3, Bedroom 22, Bathroom 22, Bathroom 7, Bathroom 41, Bathroom 18, Bathroom 11, Bedroom 20, Bathroom 17, Bathroom 10, Bathroom 25, Bedroom 19, Bathroom 34, Bedroom 2, Bathroom 39, Bathroom 8, Bedroom 10, Bedroom 21, Bathroom 4, Bedroom 1, Bathroom 27, Bathroom 32, Bathroom 37, Bathroom 23, Bathroom 43, Bathroom 40, Bedroom 9, Bathroom 13, Bathroom 24, Bedroom 12, Bedroom 23, Bedroom 13, Bathroom 5, Bedroom 8, Bathroom 14, Bedroom 14, Bathroom 30, Bathroom 6
Bedrooms
24
Bathrooms
36
APN
687195013
Parking
39
Parking features
Guest, Open, 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

We can help!

Listing Contact
Ethan Mezrahi

Real Broker Technologies, Inc. (855) 450-0442

Listing agent Ethan Mezrahi

Listing date Jan 16, 2026

MLS# 219138249 Listing URL

Copyright © 2026 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.

Learn more

Property Insight Report

Overview

New Multifamily Units in Cathedral City

The Jasper presents a unique opportunity to acquire 19 multifamily units currently under construction, with an estimated completion date in Q1 2026. The property is situated in an infill downtown location within the rapidly growing Cathedral City, an area undergoing significant development. Located off Highway 111/East Palm Canyon Drive, the property benefits from its proximity to the newly constructed Agua Caliente Casino, which has generated over 500 jobs and features over 500 slot/gaming machines and table games, along with several new restaurants. Additional retail developments are under construction to the east, including Starbucks, Chipotle, Farmer Boys, and Circle K, making this a pedestrian-oriented development. The Jasper is located within a Qualified Opportunity Zone, potentially offering capital gains tax savings for qualified investors. The property size is 19868 square feet, situated on a lot of approximately 0.68 acres in Riverside County.
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

FAQs

What type of property is this?
Apartment building - 19 multifamily units under construction, prime location, Q1 2026 completion.
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 $10,950,000.
What are key features of this property?
This property features: - 19 Multi-Family Units under construction in a fast-growing downtown Cathedral City location.; - Located within a Qualified Opportunity Zone, offering potential capital gains tax savings.; - Prime pedestrian-oriented development near Hwy. 111/East Palm Canyon Drive.
More about this property
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