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537 Cloverleaf Dr, Monrovia, CA 91016

Monrovia
Local realty services provided by:CENTURY 21 Valley 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:161 day(s) ago
  • Updated:March 23, 2026 at 10:42 AM

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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, 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 California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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