68550 Grove ST, Cathedral City, CA 92234
68550 Grove ST, Cathedral City, CA 92234
68550 Grove ST, Cathedral City, CA 92234
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$10,950,000
Est. payment /mo
0.68 Acres Lot
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Cathedral City Cove

MLS Listing ID 219138249DA

HOA Y/N No

Year Built 2025

Lot Size 0.680 Acres

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

Flooring Vinyl

Fireplace No

Exterior

Parking Features Assigned, Garage, Garage Door Opener, Guest

Garage Spaces 20.0

Garage Description 20.0

View Y/N Yes

View Mountain(s), Panoramic

Total Parking Spaces 39

Private Pool No

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 687195013

Security Features Fire Detection System,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Ethan Mezrahi Real Brokerage Technologies #02088186

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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68550 Grove ST

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