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Listing provided courtesy of Real Brokerage Technologies- MLS# 219138249MLS Provider

68550 Grove StreetCathedral City, CA 92234

Multi-Family · 24 Beds · 28 Full Baths · 15 Half Baths · 19,868 Sq. ft.
$10,950,000 Active

68550 Grove Street Overview

Time on Site:
236 days
Visits:
3

The Jasper is a one-of-a-kind opportunity to acquire 19 Multi-Family Units (currently under construction and estimated to be completed in Q1 2026) with an infill downtown location in fast-growing Cathedral City, which is currently experiencing a major development renaissance. This well-located property is off of the main arterial road ''Hwy. 111/East Palm Canyon Drive'' and is nearby the newly constructed and opened ''Agua Caliente Casino'' which created over 500 new jobs, with over 500 new slot/gaming machines & table games, and several new restaurants. Additional new retail is under construction to the east including Starbucks, Chipotle, Farmer Boys, and Circle K. This project is truly a prime pedestrian-oriented development. Furthermore, The Jasper is located within the state's Qualified Opportunity Zone (rare for superior locations like this), which can allow for significant capital gains tax savings for qualified investors.

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68550 Grove Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 19,868
  • Price/Sq.ft. $551

Details

General

Building Information

  • New Construction: true
  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 336 - Cathedral City South
  • Subdivision Name: Cathedral City Cove
  • Walk Score: 0

General Information

  • Disclosures: None
  • Listing Terms: 1031 Exchange,Cash,Cash to New Loan
  • Parcel Number: 687195013
  • Property Condition: New Construction
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 20.0

Beds/Baths

  • Bathrooms Full: 28
  • Bathrooms Half: 15
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 43
  • Bedrooms Total: 24

Building Interior

  • Building Area Total: 19868.0

General Information

  • Fireplace: false
  • Flooring: Vinyl
  • Levels: Three Or More
  • Living Area: 19868.0
  • Security Features: Fire Alarm,Fire Sprinkler System
  • Spa: false
  • Stories Total: 3

Exterior

Parking Information

  • Parking Features: Assigned,Garage Door Opener,Guest,Total Uncovered/Assigned Spaces
  • Parking Total: 39.0

Lot Information

  • Lot Size Area: 29621.0
  • Lot Size Source: Assessor
  • Number Of Buildings: 1

Waterfront/View

    General Information

    • Pool Private: false
    • Sewer: In, Connected and Paid

    68550 Grove Street Neighborhood

    Cathedral City

    Cathedral City is nestled between Palm Springs and Rancho Mirage and features several golf resorts, a shopping and entertainment district, and public works of art, which are found throughout the city, making it a unique place to vist and call home.

    About Cathedral City

    Community

    92234 (CATHEDRAL CITY) Demographics

    41
    Median Age
    3,428
    Population Density (per sq. mile)
    31%
    College Educated
    $50,350
    Estimated Median Income
    12,146
    Estimated Total Home Owners
    7,570
    Estimated Total Renters
    62% / 38%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    68550 Grove Street Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    68550 Grove Street Market Data

    Based on the last 30 days in this zip code

    $526,227
    Average List Price
    $313
    Average Price per Square Foot
    81
    Properties Sold
    106
    Average Days on Market
    604
    Properties for Sale
    Calculations provided by Reliance Network

    68550 Grove Street History

    Date Event Value Agent
    1/16/2026Source: CRMLS Price Reduction
    $10,950,000 -8.4%
    1/16/2026Source: California Desert MLS Price Reduction
    $10,950,000 -8.4%
    11/5/2025Source: CRMLS Added to Database
    November 05, 2025
    11/5/2025Source: California Desert MLS Added to Database
    November 05, 2025
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