537 Cloverleaf Dr
Monrovia, CA 91016
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
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Lot Information
Main Square Feet: 864776 Lot Size Acres: 19.8525 Lot Size Source: Owner Lot Size Square Feet: 864,776 Lot Description: 16-20 Units/Acre
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Listing Price Information
Listing Price: $3300000Original Price: $3980000Cash, Cash to New Loan, 1031 Exchange
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Tax Information
Parcel Number: 8503001029 Tax Lot: 29
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Location Information
Direction: Monrovia, CA WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 549 Norumbega Drive, Monrovia, CA, 91016 | $699,000 | -- | -- | -- | 100,501 Sqft(Lot) |
| 976 Ridgeside, Monrovia, CA, 91016 | $685,000 | -- | -- | -- | 8,376 Sqft(Lot) |
| 307 #1 Melrose, Monrovia, CA, 91016 | $700,000 | -- | -- | -- | 6,890 Sqft(Lot) |
| 811 Crescent, Monrovia, CA, 91016 | $1,399,999 | -- | -- | -- | 82,062 Sqft(Lot) |
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ByOwner last updated this listing 07/22/2026 @ 04:05
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