Active

537 Cloverleaf Dr

Monrovia, CA 91016

$3,980,000 $16,779/Mo

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Overview

864,776

Sqft(Lot)

Description

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 surve yor 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 grading and retaining solutions. Set amid the natural beauty of Monrovia’s hillside neighborhoods and just minutes from Old Town Monrovia, schools, and major transportation corridors, this property blends immediate income stability with long-term development potential—a rare combination in one of the San Gabriel Valley’s most desirable submarkets. All provided information should be confirmed by any interested parties.

Property Details

Property Type : Land

Price : $3,980,000

AD Id : 67837298

MLS Id : AR25241292

Lot Size : 864,776 Sqft(Lot)

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Unknown

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 19.8525
Lot Size Source: Owner Lot Size Square Feet: 864776

Listing Price Information

Original List Price: 3,980,000 Listing Contract Date: 2025-10-13
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8503001029

Other Property Info

Source Listing Status: Active Source Neighborhood: 639 - Monrovia Directions: Monrovia, CA Zoning: MORF Source Property Type: Land Area: 639 - Monrovia

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
549 Norumbega Drive, Monrovia, CA, 91016	$699,000	--	--	--	100,501 Sqft(Lot)
976 Ridgeside, Monrovia, CA, 91016	$685,000	--	--	--	8,376 Sqft(Lot)

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537 Cloverle..,
Monrovia, CA, 91016

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976 Ridgeside,
Monrovia, CA, 91016

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549 Norumbeg..,
Monrovia, CA, 91016

100,501

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ByOwner last updated this listing 04/06/2026 @ 23:29

MLS: AR25241292 LISTED BY: Matthew Modica, Long Dragon Realty Group, Inc. 626-757-6611 SOURCE: CRMLS