68550 Grove ST new Save Request In-Person Tour Request Virtual Tour
Cathedral City,CA 92234
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