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    68550 Grove Street Cathedral City, CA 92234

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    Claim this Listing
    For Sale
    $10,950,000

    MULTI_FAMILY - Cathedral City, CA

    Type:Apartment
    Property size:
    19,868 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $551/SF
    Added:
    Nov 5, 2025
    Days on Market:
    179
    Last Refresh:
    May 3 at 10:06 am

    Property Features for 68550 Grove Street

    General Information

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

    Listing agent Ethan Mezrahi License #02088186

    Listing office Real Brokerage Technologies 8030 La Mesa Blvd., #502, San Diego, CA

    Listing date Nov 5, 2025

    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.


    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

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Building Supply

    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 Street 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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