Property Details
About this Property
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 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 o
MLS Listing Information
MLS #
CRAR25241101
MLS Source
California Regional MLS
Days on Site
20
Interior Features
Laundry
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 6 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
537 Cloverleaf Dr is a Residential Income in Monrovia, CA 91016. This – square foot property sits on a 864,776 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,980,000 and was built in 1916. This address can also be written as 537 Cloverleaf Dr, Monrovia, CA 91016.
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This listing information is up-to-date as of October 17, 2025. For the most current information, please contact Matthew Modica
