537 Cloverleaf Dr, Monrovia, CA 91016

Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
537 Cloverleaf Dr,Monrovia, CA 91016
$3,980,000
  • - Beds
  • - Baths
  • 5,073 sq. ft.
  • Multi-family
  • Active
Listed by:matthew modica
Office:long dragon realty group, inc.
MLS#:AR25241101
Source:CRMLS

Price summary

  • Price:$3,980,000
  • Price per sq. ft.:$784.55

About this home

This prime Monrovia foothill offering presents a rare opportunity to acquire both a quality income-producing property and a high-potential development site in one. Currently generating steady rental income with a ~3% CAP rate, the property offers substantial room for improvement and future upside. It’s ideal for investors who wish to maintain income while advancing subdivision or redevelopment plans, minimizing carrying costs during the entitlement process. The portfolio comprises two contiguous parcels: 537 Cloverleaf Dr. (APN: 8503-001-029) — approximately 4.88 acres with a 2,683 SF dwelling AND 539 Cloverleaf Dr. (APN: 8503-002-008) — approximately 14.97 acres with a 2,390 SF dwelling Together, the combined 19.85-acre property provides utilities on site. According to recent surveyor analysis, there is potential for 6 to 8 luxury single-family home lots. The optimal layout would likely include six primary lots, while two additional lots could be achieved with more complex

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Home facts

  • Year built:1916
  • Listing ID #:AR25241101
  • Added:6 day(s) ago
  • Updated:October 23, 2025 at 01:47 PM

Rooms and interior

  • Living area:5,073 sq. ft.

Structure and exterior

  • Year built:1916
  • Building area:5,073 sq. ft.
  • Lot area:19.85 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$3,980,000
  • Price per sq. ft.:$784.55
Based on information from California Regional Multiple Listing Service, Inc. as of October 23, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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