New Multifamily Units in Cathedral
68550 Grove Street, Cathedral City, CA 92234
MULTI_FAMILY - Cathedral City, CA
Type:Apartment
Property size:
19,868 SFLot size:
0.68 AcresPrice / SF:
$551/SF- Added:
- Nov 5, 2025
- Days on Market:
- 191
- Last Refresh:
- May 15 at 2:06 pm
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
- Bedroom 11, Bedroom 5, Bedroom 4, Bathroom 22, Bathroom 13, Bathroom 32, Bedroom 8, Bedroom 21, Bathroom 3, Bedroom 10, Bathroom 10, Bathroom 19, Bathroom 20, Bedroom 24, Bathroom 27, Bathroom 28, Bedroom 3, Bathroom 15, Bathroom 29, Bathroom 37, Bathroom 14, Bedroom 23, Bedroom 22, Bathroom 17, Bathroom 35, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bathroom 21, Bedroom 20, Bathroom 42, Bathroom 40, Bedroom 9, Bedroom 12, Bathroom 18, Bathroom 26, Bedroom 15, Bathroom 6, Bathroom 5, Bathroom 9, Bedroom 14, Bedroom 2, Bedroom 16, Bathroom 11, Bathroom 12, Bathroom 43, Bathroom 34, Bedroom 19, Bathroom 31, Bathroom 36, Bathroom 25, Bathroom 30, Bathroom 8, Bathroom 23, Bathroom 1, Bedroom 13, Bathroom 24, Bedroom 6, Bathroom 16, Bedroom 18, Bathroom 33, Bathroom 7, Bathroom 39, Bathroom 38, Bedroom 17, Bathroom 41
- Parking
- 39
- Parking features
- Assigned, Guest, 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
Listing agent Ethan Mezrahi License #02088186 (760) 799-6344
Listing office Real Brokerage Technologies 8030 La Mesa Blvd., #502, San Diego, CA (619) 663-8680
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.
HighLights
- 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.
- Proximity to the newly opened Agua Caliente Casino, creating over 500 new jobs and entertainment options.
- New retail development nearby, including Starbucks, Chipotle, Farmer Boys, and Circle K.
- Estimated completion in Q1 2026.
Overview
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
Location Insight
- Map
- Local Demand
- City
- Cathedral City
- County
- Riverside
- State
- California
- Longitude
- -116.465826
- Latitude
- 33.779455
Nearby Similar for Sale
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.
