537 Cloverleaf Dr, Monrovia, CA 91016

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Glen Henderson

[email protected] +1(619) 889-7646

$3,980,000

Est. payment - /mo

2 Beds

19.85 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25241101

Bedrooms 2

Lot Size 19.853 Acres

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Exchange

Property Type Res Income 2-4 Units

Property 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. Its 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 Monrovias hillside neighborhoods and just minutes from Old Town Monrovia, schools, and major transportation corridors, this property blends immediate income stability with long-term development potentiala rare combination in one of the San Gabriel Valleys most desirable submarkets. All provided information should be confirmed by any interested parties.

Location

State CA

County Los Angeles

Zoning Other

Direction Monrovia, CA

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 8503001029

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by Matthew Modica Long Dragon Realty Group, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

537 Cloverleaf Dr Monrovia, CA 91016

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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