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About This Home
This 24-bedroom, 36-bathroom multi-family at 68550 Grove Street in Cathedral City, CA is listed for $10,950,000 ($551 per sqft). Built in 2025, the home offers 19,868 sqft of living space on a 0.68 acres lot.
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.
Key Features
- Built in 2025
- 0.68 acre lot
- 3 stories
- 39 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$58,563/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
68550 Grove Street
Cathedral City, CA 92234
Cathedral City Cove
Property Details
Flooring
Parking
Heating
Questions & Answers
This 24-bedroom, 36-bathroom multi-family at 68550 Grove Street is listed at $10,950,000 ($551/sqft). The estimated monthly payment is $47,450 based on 20% down at 6.5% interest.
Key features include: Built in 2025, 0.68 acre lot, 3 stories, 39 parking spaces.
This property is listed by Ethan Mezrahi and can be reached at 7607996344 or ethanmezrahi@gmail.com.