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Garrick Yan

garrick@garrickyan.com +1(510) 999-8008

Listed by Matthew Modica • Long Dragon Realty Group, Inc.

$ 3,980,000

Est. payment -/mo

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537 Cloverleaf Dr Monrovia, CA 91016

864,776 SqFt

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 864,776 sqft

Price per Sqft $4

MLS Listing ID CRAR25241292

HOA Y/N No

Lot Size 19.853 Acres

Property Sub-Type Unimproved Land

Source Datashare California Regional

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

Location

State CA

County Los Angeles

Interior

Fireplace No

Exterior

View Mountain(s)

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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