537 Cloverleaf Dr, Monrovia, CA 91016

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

Price summary

  • Price:$3,980,000

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. Its 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 hillside...

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Home facts

  • Listing ID #:AR25241101
  • Added:159 day(s) ago
  • Updated:March 25, 2026 at 01:59 PM

Rooms and interior

  • Bedrooms:2

Finances and disclosures

  • Price:$3,980,000
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