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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.
Property Type(s):
Residential Income
| Last Updated | 1/16/2026 | Tract | Cathedral City Cove |
|---|---|---|---|
| Year Built | 2025 | Community | 336 - Cathedral City South |
| Garage Spaces | 20.0 | County | Riverside |
Price History
| Prior to Jan 16, '26 | $11,950,000 |
|---|---|
| Jan 16, '26 - Today | $10,950,000 |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 336 - Cathedral City South |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 0.68 acre(s) |
| LOT DIMENSIONS | 29621 |
| PARKING | Assigned, Garage, Garage Door Opener, Guest |
| STORIES | 3+ |
| SUBDIVISION | Cathedral City Cove |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Panoramic |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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