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68550 Grove Street Cathedral City, CA $ 11,950,000
68550 Grove Street
$ 11,950,000
New Construction
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68550 Grove Street

Cathedral City, CA, 92234
$ 11,950,000
Baths0.0

Monthly Estimate*

$ 74,552

Listed by Real Brokerage Technologies
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Studio

Multi-Family Home for sale in Cathedral City, CA

for $11,950,000. This home was built in 2025 on a lot size of 0.68.

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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Multi-Family Active

Price

$ 11,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.68

Year Built

2025

Town/City

Cathedral City

County/Region

Riverside

MLS | Web ID

219138249DA

Days on Market

34

Features
General
Heating Forced Air
HOA Fee 0
Garage Spaces 20
Security Features Fire Detection System Fire Sprinkler System Smoke Detector(s)
Year Built 2025
View Mountain(s) Panoramic
Levels Three Or More
County Riverside
New Construction 1
Property Type Residential Income
Subdivision Name Cathedral City Cove
Garage Y/N 1
Special Listing Conditions Standard
Status Active
Directions Cross Streets: Grove Street & Cathedral Canyon Drive
City Cathedral City
Senior Community Y/N 0
Open Parking Spaces 19
Number Of Units Total 19
MLS Area 336 - Cathedral City South
Lot Size Units Square Feet
Lot Size Square Feet 29621
Carport Spaces 0
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N 1
Land Lease Y/N 0
Rent Control Y/N 0
Standard Status Active
Year Built Source Builder
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Interior
Flooring Vinyl
Total Stories 3
Air Conditioning Y/N 1
Heating Y/N 1
Fireplace Y/N 0
Total Baths 0
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Exterior
Parking Features Assigned Garage Garage Door Opener Guest
Total Parking 39
Lot Size Area 29621
Number of Buildings 1
Spa 0
Lot Size Acres 0.68
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 0
Number of Separate Electric Meters 19
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* Excluded Features
List By
Real Brokerage Technologies

Broker

ethanmezrahi@gmail.com

Email

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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/25/2025$11,950,000 Listed Price

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68550 Grove Street, Cathedral City, CA, 92234 is a Multi-Family Home for sale at $11,950,000 with a lot size of 0.68. 68550 Grove Street is a studio with 0.0 baths and was built in 2025. The property's zip code is 92234 which is in Cathedral City, CA