537 Cloverleaf Dr, Monrovia, CA 91016
537 Cloverleaf Dr, Monrovia, CA 91016
537 Cloverleaf Dr, Monrovia, CA 91016
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$3,300,000
Est. payment /mo
19.85 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25241292

Lot Size 19.853 Acres

Property Sub-Type Lots/Land

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

Direction Monrovia, CA

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 8503001029

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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MLS Router / San Diego MLS
Listed by Matthew Modica, DRE#02159930 Long Dragon Realty Group, Inc. 

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537 Cloverleaf Dr