CA > Cathedral City > Cathedral City Cove
Cathedral City, CA 92234,68550 Grove ST
Cathedral City, CA 92234,68550 Grove ST
Cathedral City, CA 92234,68550 Grove ST
19
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$11,950,000
Est. payment /mo
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24 Beds
43 Baths
19,868 SqFt
New

68550 Grove ST Cathedral City, CA 92234

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Gwendolyn Thomas

Gwendolyn Thomas

+1(702) 265-5005

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 19,868 sqft

Price per Sqft $601

Subdivision Cathedral City Cove

MLS Listing ID 219138249

Bedrooms 24

Full Baths 28

Half Baths 15

HOA Y/N No

Year Built 2025

Lot Size 0.680 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Riverside

Area 336 - Cathedral City South

Interior

Heating Forced Air

Cooling Air Conditioning

Fireplace false

Exterior

Garage Spaces 20.0

View Y/N true

View Mountain(s), Panoramic

Private Pool No

Building

Story 3

Entry Level Three Or More

Sewer In, Connected and Paid

Level or Stories Three Or More

Others

Senior Community No

Acceptable Financing 1031 Exchange, Cash, Cash to New Loan

Listing Terms 1031 Exchange, Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Real Brokerage Technologies

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Gwendolyn Thomas

Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

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68550 Grove ST