537 Cloverleaf Dr
Monrovia, CA 91016
2
Bed
0
Bath
5,073Sqft
864,776Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Unknown
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Building Information
Year Built: 1916 Building Area Total: 5,073 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 19.8525 -
Lot Size Source: Owner Lot Size Square Feet: 864776
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Listing Price Information
Original List Price: 3,980,000 Listing Contract Date: 2025-10-13 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 8503001029
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Other Property Info
Source Listing Status: Active Source Neighborhood: 639 - Monrovia Directions: Monrovia, CA Source Property Type: Residential Income Area: 639 - Monrovia Property SubType: Quadruplex -
Building and Construction
Property Age: 110 Common Walls: No Common Walls Structure Type: Quadruplex Year Built Source: Other Entry Level: 1 Entry Location: Ground Level
At $784.55 per sq.ft.,this listing is priced below average compared to other multifamily from Monrovia.
The average multifamily price in Monrovia is $498412.86 with avg. price / sq.ft of $2844.68.
The average multifamily price in Los Angeles County is $540257.14 with avg. price / sq.ft of $3659.00.
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 136 Madeline, Monrovia, CA, 91016 | $1,898,000 | 6 | 7.5 | 3,678 | 3,678 SqFt |
| 223 N Mountain, Monrovia, CA, 91016 | $999,000 | 4 | 2 | 1,656 | 1,656 SqFt |
| 526 E Olive Avenue #A, Monrovia, CA, 91016 | $1,350,000 | 4 | 2 | 1,601 | 1,601 SqFt |
| 228 Oaks Avenue, Monrovia, CA, 91016 | $1,500,000 | 3 | 2 | 2,076 | 2,076 SqFt |
| 709 S Magnolia, Monrovia, CA, 91016 | $1,200,000 | 4 | 3 | 1,909 | 1,909 SqFt |
| 2451 Graydon Avenue, Monrovia, CA, 91016 | $1,488,000 | 6 | 5 | 2,684 | 2,684 SqFt |
| 2451 Graydon Avenue, Monrovia, CA, 91016 | $1,488,000 | 6 | 2.5 | 2,684 | 2,684 SqFt |
| 924 W Colorado Boulevard, Monrovia, CA, 91016 | $1,038,000 | 4 | 3 | 1,705 | 1,705 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 04/06/2026 @ 23:29
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