949-553-2020
68548 Grove St, Cathedral City, CA for Sale
Apartments - FOR SALE
1/9
null | Request Cap Rate

68548 Grove St
Cathedral City, CA 92234


HIGHLIGHTS

  • RARE PRIME INFILL PROPERTY IN DOWNTOWN CATHEDRAL CITY
  • UNDER CONSTRUCTION – ESTIMATED COMPLETION Q4 2025/Q1 2026
  • NEAR NEW AMPHITHEATRE, NEW RETAIL (UNDER CONSTRUCTION), & NEW AGUA CALIENTE CASINO

OVERVIEW

UNDER CONSTRUCTION - OPPORTUNITY ZONE! (POTENTIAL TAX SAVINGS)* “THE JASPER” is a one-of-a-kind opportunity to acquire 19 Multi-Family Units (currently under construction and estimated to be completed in Q4 2025/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-orient- ed development. Also, there is Potential Extra Storage/Garage Income. 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. *Buyer to verify tax savings within Opportunity Zone.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

19

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jasper 19 MF Units Under Construction OZ Zone

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CPS

APN/PARCEL ID

687-196-002,687-196-003

ASK ABOUT THIS PROPERTY

Erik ChristiansonThe Hoffman CompanyMore Info
949-553-2020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Erik ChristiansonThe Hoffman CompanyMore Info
949-553-2020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.