537 Cloverleaf Dr, Monrovia, CA 91016

• 5,073 sqft

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. 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 one of the

Listing Status:

Active

Date Added:

October 16, 2025 at 05:00AM

Listing Office:

Long Dragon Realty Group, Inc. : 626-757-6611

Listing Agent:

Matthew Modica : 774-218-8941

MLS ID:

CRAR25241101

Interior

• Laundry: No Hookups

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: 8503001029

Utilities

• Utilities: Other Water/Sewer
• Water: Other

This listing courtesy of Matthew Modica, Long Dragon Realty Group, Inc.