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Jasper 19 MF Units Under Construction OZ Zone 68550 Grove Street 19 Unit Apartment Building For Sale Cathedral City, CA 92234

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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 MARCH 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 March of 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.

Jasper 19 Units Downtown Cathedral City Flyer (Q4-2025)

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$845,090	$42.54
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$845,090	$42.54
Taxes	-	-
Operating Expenses	$591,563	$29.77
Total Expenses	$591,563	$29.77
Net Operating Income	-	-

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual	$845,090
Annual Per SF	$42.54

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$845,090
Annual Per SF	$42.54

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	$591,563
Annual Per SF	$29.77

Total Expenses (CAD)
Annual	$591,563
Annual Per SF	$29.77

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

PROPERTY FACTS

Sale Type	Investment	Construction Status	Under Construction
No. Units	19	Building Size	19,868 SF
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment	Year Built	2026
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B	Parcel Numbers	Multiple 687-196-002 687-196-003
Lot Size	0.06 AC
Zoning	CPS

Sale Type	Investment
No. Units	19
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.06 AC
Construction Status	Under Construction
Building Size	19,868 SF
No. Stories	3
Year Built	2026
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CPS
Parcel Numbers	Multiple 687-196-002 687-196-003