537 Cloverleaf Dr Monrovia, CA 91016
Estimated payment $22,613/month
Highlights
- 19.85 Acre Lot
- No HOA
- Hiking Trails
- Mayflower Elementary School Rated A
About This Home
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 Agent
Long Dragon Realty Group, Inc. Brokerage Phone: 774-218-8941 License #02159930 Listed on: 10/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,376
Year Built
- Built in 1916
Lot Details
- 19.85 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
- 8503002008
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2 Bedrooms
- 5,073 Sq Ft Home
- 2-Story Property
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 29
- Tax Tract Number 4303
- Assessor Parcel Number 8503001029
- $1,077 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Buildings
- 6 Units
Recreation
- Hiking Trails
- Bike Trail
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $10,000
- Professional Management Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- Operating Expense $1
- Gross Income $180,000
- Net Operating Income $120,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,376 | $1,607,727 | $1,473,760 | $133,967 |
| 2024 | $21,376 | $1,576,204 | $1,444,863 | $131,341 |
| 2023 | $20,842 | $1,545,299 | $1,416,533 | $128,766 |
| 2022 | $20,240 | $1,515,000 | $1,388,758 | $126,242 |
| 2021 | $19,851 | $1,485,295 | $1,361,528 | $123,767 |
| 2020 | $19,238 | $1,470,066 | $1,347,568 | $122,498 |
| 2019 | $18,897 | $1,441,243 | $1,321,146 | $120,097 |
| 2018 | $18,457 | $1,412,985 | $1,295,242 | $117,743 |
| 2016 | $17,761 | $1,358,120 | $1,244,948 | $113,172 |
| 2015 | $17,374 | $1,337,721 | $1,226,248 | $111,473 |
| 2014 | $17,238 | $1,311,518 | $1,202,228 | $109,290 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2025 10/16/25 | For Sale | $3,980,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Wfg Title Company Of Ca | |
| Grant Deed | $3,100,000 | Equity Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | Title Land Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $800,000 | New Conventional | |
| Previous Owner | $780,000 | Purchase Money Mortgage | |
| Previous Owner | $90,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25241101
APN: 8503-001-029
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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