Jasper 19 MF Units Under Construction OZ Zone | 68548 Grove St
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Jasper 19 MF Units Under Construction OZ Zone 68548 Grove St
19 Unit Block of Flats For Sale Cathedral City, CA 92234
Investment Highlights
- RARE PRIME INFILL PROPERTY IN DOWNTOWN CATHEDRAL CITY
- NEAR NEW AMPHITHEATRE, NEW RETAIL (UNDER CONSTRUCTION), & NEW AGUA CALIENTE CASINO
- UNDER CONSTRUCTION – ESTIMATED COMPLETION Q4 2025/Q1 2026
Executive Summary
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.
“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.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 4 | £1,449 | 581 |
| 1+1.5 | 6 | £1,762 | 849 |
| 2+2.5 | 9 | £2,350 | 1,332 - 1,409 |
zoning
| Zoning Code | CPS |
| CPS |
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Jasper 19 MF Units Under Construction OZ Zone | 68548 Grove St
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