323-240-9219

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537 Cloverleaf Dr, Monrovia, CA 91016

$3,300,000 Approx. USD 0 beds, 0 baths

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Photo of Rebecca Alvarado

Marketed By Rebecca Alvarado REALTOR® - Broker Associate 323-240-9219 m
323-685-1131 o
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
Phone: 626-440-5100
Fax: 626-568-8120

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Listing Agent

Matthew Modica | matt.modica@longdragonrealty.com
Lic#: 02159930
Broker: Courtesy of Long Dragon Realty Group, Inc.
Phone: 626-757-6611

Agent Remarks

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 San Gabriel Valley’s most desirable submarkets. All provided information should be confirmed by any interested parties.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# AR25241292

List price is $3,300,000 Reduced by $200,000 on 4/11/2026

Price: $3,300,000

HOA Fee is $0.00

Beds: 0

Baths: 0

19.85 acres

Lot size: 19.8525

County: Los Angeles

Zoning: MORF

Lot description: SixteenToTwentyUnitsAcre

MLS area: 639 - Monrovia

Last Updated: 6/11/2026

Days On Market (DOM): 248

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This listing belongs to the 639 - Monrovia MLS area

Lat/Long: 34.162468, -118.009776.
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Source: CRM. Also Available in AR26130871,

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Previous Listing

Photo of Rebecca Alvarado

Rebecca Alvarado REALTOR® - Broker Associate 323-240-9219 m
323-685-1131 o
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com
Pasadena Office
540 South Lake Ave
Pasadena, CA 91101