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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

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.
More about this property
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