537 Cloverleaf Dr #29, Monrovia, CA 91016
FOR SALE
19.85 ACRES
Listed by Matthew Modica, Long Dragon Realty Group, Inc., (626) 757-6611

537 Cloverleaf Dr #29
Monrovia, CA 91016

    $3,300,000

    Original price: $3,500,000
    Est. Mortgage $19,782/mo*
    Get Pre-Qualified

    $3,300,000

    Original price: $3,500,000
    Est. Mortgage $19,782/mo*
    Get Pre-Qualified
    (on 19.85 acres)

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

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

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for 537 Cloverleaf Dr #29

    Interior Features

    View
    Has a ViewView: Mountain(s)

    Exterior Features

    Frontage
    Not on Waterfront
    Water & Sewer
    Sewer: Unknown
    Surface & Elevation
    Elevation Units: Feet

    Days on Market

    Cumulative Days on Market: 235Days on Market: 180+

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Not a New ConstructionHas Additional Parcels
    Property Information
    Parcel Number: 8503001029Additional Parcels Description: 8503002008

    Price & Status

    Price
    List Price: $3,300,000

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: Monrovia

    Agent Information

    Listing Agent
    Listing ID: AR25241292

    Community

    Community Features: Biking, HikingNot Senior Community

    HOA

    Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

    Lot Information

    Lot Area: 19.8525 Acres

    Listing Info

    Special Conditions: Standard

    Offer

    Listing Terms: Cash, Cash to New Loan, 1031 Exchange

    Miscellaneous

    Mls Number: AR25241292Living Area Range Units: Square FeetAttribution Contact: 774-218-8941Common Interest: NoneUniversal Property Id: US-06037-N-8503001029-R-N

    Additional Information

    BikingHikingSource Internet Entire Listing Display
    Last check for updates: about 2 hours ago
    Listing Provided by: Matthew Modica DRE #02159930, (774) 218-8941
    Long Dragon Realty Group, Inc.
    Originating MLS: California Regional MLS
    Source: CRMLS, MLS#AR25241292
    Also Listed on CRMLS.

    Market trends in Monrovia

    Last updated May 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    63
    5    MoM

    Price History for 537 Cloverleaf Dr #29

    DatePriceEventSource
    04/10/2026$3,300,000PriceChange
    CRMLS #AR25241292
    04/09/2026$3,500,000PriceChange
    CRMLS #AR25241292
    10/16/2025$3,980,000Listed For SaleCRMLS #AR25241292

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    Comparable Sales for 537 Cloverleaf Dr #29

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    Norumbega Dr, Monrovia, CA
    1.23
    Lot/Land
    $5,000
    03/26/26
    -
    -
    19 W Foothill Blvd #78, Arcadia, CA
    1.53
    Lot/Land
    $1,600,000
    11/17/25
    -
    -
    181 E Alegria Ave #33, Sierra Madre, CA
    2.27
    Lot/Land
    $1,815,000
    07/11/25
    -
    -
    89 E Orange Grove Ave, Sierra Madre, CA
    2.36
    Lot/Land
    $1,650,000
    03/11/26
    -
    -
    69 E Orange Grove Ave, Sierra Madre, CA
    2.37
    Lot/Land
    $1,650,000
    03/11/26
    -
    -
    514-518 Fairview Ave, Arcadia, CA
    3.29
    Lot/Land
    $10,500,000
    08/28/25
    -
    -
    3835 Startouch Dr #66, Pasadena, CA
    3.51
    Lot/Land
    $782,000
    08/25/25
    -
    -

    Nearby homes

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    Assigned Schools

    These are the assigned schools for 537 Cloverleaf Dr #29.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Monrovia

    At least 409 Trulia users voted on each feature.

    • 92 % Say it's dog friendly

    • 84 % Say there are sidewalks

    • 83 % Say it's walkable to restaurants

    • 80 % Say it's walkable to grocery stores

    • 80 % Say parking is easy

    • 74 % Say there's holiday spirit

    • 71 % Say yards are well-kept

    • 68 % Say people would walk alone at night

    • 67 % Say car is needed

    • 64 % Say streets are well-lit

    • 63 % Say there's wildlife

    • 62 % Say they plan to stay for at least 5 years

    • 61 % Say it's quiet

    • 60 % Say kids play outside

    • 55 % Say neighbors are friendly

    • 38 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Shesobudha
      "I live with my Parents, once again years ago, and as my body has Cancer, I am back again. Monrovia extremely, safe! Great schools side walks town center Historical homes, craftsman built and unique mixture of statues universalized people. Seriously you can find a home, buy it! Great investments Right out from the city of LA County"
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    • Shan Lin
      "I love living here , area is safe and very convenient , many restaurants, grocery stores, department stores and convenience stores. Love the old town Monrovia and the farmers market and very Friday night which is very family and kids friendly!"
      0
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    • Ccdoolittle
      "I commute or walking to stores Easy bus stops Necessary things are close and over for citizens is discounted "
      0
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    • Arlanna Jackson
      "Peaceful and quiet, friendly neighbors all the stores and food places are very convenient walking distance"
      0
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    • P222gnymdy
      "I have lived here for 4 years and have enjoyed every minute. Great downtown and always something going on. "
      0
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    • Vermillionm19
      "210 usually gets packed. So I have to leave a little earlier. Other than that it’s fine. Very smooth ride and easy to get around. "
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    • Y5bfkcccgs
      "I’ve worked in this area for years and loved it and only moved into this town this past year and it’s been a really peaceful neighborhood that feels super safe to live in! "
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    • Pescadi123
      "Privacy and people are pleasant. There are many restaurants and stores close. I feel safe and feel I can walk around with confidence. "
      0
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    • Christa Serrano
      "Cars tend to avoid stop signs and speed limits, keep your kids safe inside your yards if they play outside"
      1
      Flag
    • Miguel Cardenas
      "The neighborhood is nice and quiet. Sometimes too quiet. The parks are nice and clean. There are plenty of hiking trails and the downtown area is very oldtown feeling. "
      1
      Flag
    • Natedelrosario
      "There are a lot of dog owners here.. most of the owners are friendly and seem to have control of their dogs, no problems with aggressive dogs or out of control dogs.. they pick up after their dogs all the time "
      1
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    • Natedelrosario
      "Streets are safe And everyone looks out for one another .. there’s old town Monrovia down myrtle street that has Great shops and food "
      4
      Flag
    • Psdspeaks
      "Great schools! Wonderful parks and several grocery stores. The ppl are friendly and the community is safe. "
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    • Kimsamuels2005
      "It is convenient for me to get to my work. The gold line is easily accessible to take me to LA when I have a need."
      3
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    • Acnegrete2
      "Love the area, it is very family friendly. And also very quiet but lively at the same time. Great food, lots of parks, and the community has many events. "
      1
      Flag
    • Erin
      "I commute 20 minutes to work. With traffic, it can take up to 30 minutes max. Traffic around Monrovia is not bad. "
      1
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    • Veronica M.
      "There is a lovely new dog park opening soon. However some of the sidewalks in this neighborhood are grown over/covered in grass, so it can be tough walking if you don’t want to go into the street. "
      1
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    • Anon
      "Not every dog owner cleans up after their dog. It’s a consistent problem that people put up signs that tell them to not walk by their house "
      0
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    • Sam
      "They love their afternoon walks., sometimes you see neighbors walking the dog’s together., alway saying hi to others.. you feel welcome when you walk by them"
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    • Christinamassey
      "Very easy Frwy access, currently 15 min to work but normal commute time can be a problem with 40 min trips on the 210."
      4
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    • Susan L.
      "Great neighbors and community. Cannot speak to schools as my children went to private schools. People look out for one another. I LOVE living in Monrovia. Great cross-section of age groups."
      1
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    • Sherwin B.
      "Love Monrovia, it's a family oriented city and really safe for kids. You want to stay here forever"
      0
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    • Allison A.
      "I personally do not use public transportation however when I have it’s been clean and safe. The commute to downtown LA is very easy."
      2
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    • Aminarax626
      "I love Monrovia. It is a very homey city in the foothills with an extremely neighbourly feel. I absolutely love it! PLUS is is very racially integrated which is a huge plus. the type of neighborhood where everyone says hi to u when you're walking down the street."
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    • Kristenawunderlich
      "i see people walking their dogs all around. it is a very dog friendly town. with more than one dog park. it is a safe place to walk around with your dog. most people seem to have their dogs well trained. "
      1
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    • Jaylene
      "Dog owners would like to live here, but dogs are not allowed in some shops. "
      0
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    • Anu D. N.
      "Great parks and hiking trails Friendly neighbors But schools are Little lower than average. Food is great mostly American. Starting to get more diverse. Beautiful small town "
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    • Saldanaalain
      "Dogs on the loose. Dogs without their leashes is also something people in Monrovia would not like. They would like when dogs are friendly."
      1
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    • Marcjuregui
      "I love this city, its secure place to live, People are nice and the comuinite is really acting... the city is nice and clean and the parks are secure in clean."
      1
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    • Gwiin C.
      "There are great parks and schools in my neighborhood. Everyone is friendly and looks out for each other."
      0
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    • Kimberly G.
      "I work in Monrovia and this place is beautiful from morning to night. Most people are very friendly. "
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    • Kristenawunderlich
      "Farmers market every friday plus the city is constantly throwing events for all the holidays. Friendly quiet neighborhoods. Trees and animals everywhere with a beautiful view of the mountain top especially when it snows. "
      0
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    • Reina D.
      "Every holiday makes our community special. Myrtle always provides safe and fun events for our family. "
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    • Jessica M.
      "We have a street fair every Friday and the community holds a lot of special events for most holidays throughout the year"
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    • Melanie W.
      "Downtown events in general. Something nice is the summer concerts in the park. We also enjoy the Fourth of July celebration with fireworks. "
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    • Rogaskin
      "I love Monrovia, since we’ve been here we’ve felt nothing but welcomed. There’s a lot of places to eat & things to do with family & kids. "
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    • Tlt322
      " the neighbors are very friendly and helpful. very nice place to walk in. lots of places yo eat nearby. "
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    • Sarah S.
      "My neighborhood is walking distance to the metro and Lyfts are discounted by the city for public transportation around town "
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    • Tomhyatt
      "Yes we rock. Old town. Bars, movie theatre, hiking, accessible to freeway, friendly, animal friendly. Parks and rec library. We got it"
      0
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    • Lunayvette67
      "Street festival- all American city~ Good schools -good fire station- Downtown area with great parks and recreation"
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    LGBTQ Local Legal Protections

    Matthew Modica, Long Dragon Realty Group, Inc.
    Agent Phone: (774) 218-8941
    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. as of 2026-02-09 09:51:42 PST 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
    537 Cloverleaf Dr #29, Monrovia, CA 91016 is a lot/land. This property is currently available for sale and was listed by CRMLS on Oct 16, 2025. The MLS # for this home is MLS# AR25241292.