537 Cloverleaf Dr, Monrovia, CA 91016

Local realty services provided by:ERA Excel Realty
537 Cloverleaf Dr,Monrovia, CA 91016
$3,980,000
  • 19.85 Acres
  • Lots / Land
  • Active
Listed by: matthew modica
Office: long dragon realty group, inc.
MLS#:AR25241292
Source: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. 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

  • Listing ID #:AR25241292
  • Added:123 day(s) ago
  • Updated:February 17, 2026 at 11:40 AM

Structure and exterior

  • Lot area:19.85 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$3,980,000
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