Listed by Matthew Modica, Long Dragon Realty Group, Inc., (626) 757-6611
537 Cloverleaf Dr
Monrovia, CA 91016
12 Beds
5,073 sqft (on 19.85 acres)
12 Beds
5,073 sqft
(on 19.85 acres)
Local Information
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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.
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
$651
Listed
180+ days ago
Home Details for 537 Cloverleaf Dr
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Beds & Baths Number of Bedrooms: 12 |
Appliances & Utilities Laundry: None |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Number of Stories: 2Entry Location: Ground Level |
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Exterior Home Features No Private Pool |
Parking & Garage No Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Unknown |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 176Days on Market: 180+ |
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Year Built Year Built: 1916 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Quadruplex |
Building Not a New ConstructionNot Attached PropertyHas Additional Parcels |
Property Information Parcel Number: 8503001029Additional Parcels Description: 8503002008 |
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Price List Price: $3,300,000Price Per Sqft: $651 |
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MLS Status: Active |
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Direction & Address City: Monrovia |
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Listing Agent Listing ID: AR25241101 |
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Building Area Building Area: 5073 Square Feet |
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Community Features: Biking, HikingNot Senior Community |
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Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
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Lot Area: 19.8525 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, 1031 Exchange |
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No Rent Control |
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Mls Number: AR25241101Living Area Range Units: Square FeetAttribution Contact: 774-218-8941Common Interest: NoneUniversal Property Id: US-06037-N-8503001029-R-N |
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BikingHikingSource Internet Entire Listing Display |
Last check for updates: about 20 hours ago
Listing Provided by: Matthew Modica DRE #02159930, (774) 218-8941
Long Dragon Realty Group, Inc.
Originating MLS: California Regional MLS
Foreclosure Information
Foreclosure Information
8/1/2053 Foreclosure auction The owner of this property has been served a Notice of Default Foreclosure Auction |
8/1/2053 Home in default $2,649,653 The owner of this property has been served a Notice of Default |
10/30/2006 Previous Sale $3,100,000 The home last sold for $3,100,000 |
Legal Details
Foreclosure Type Non-Judicial |
Recorded Notice of Default on 08/01/2053 Notice of Default on 08/01/2053 |
Parcel Number 8503001029 |
Price History for 537 Cloverleaf Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 04/11/2026 | $3,300,000 | PriceChange | CRMLS #AR25241101 |
| 04/09/2026 | $3,500,000 | PriceChange | CRMLS #AR25241101 |
| 10/16/2025 | $3,980,000 | Listed For Sale | CRMLS #AR25241101 |
| 08/25/2023 | ListingRemoved | Zillow Rentals | |
| 07/26/2023 | $4,200 | Listed For Rent | Zillow Rentals |
| 02/08/2021 | ListingRemoved | Zillow Rental Manager | |
| 12/01/2020 | $3,811 | Listed For Rent | Agent Provided |
| 10/05/2018 | $1,999,000 | ListingRemoved | Agent Provided |
| 05/05/2016 | $1,999,000 | PriceChange | Agent Provided |
| 12/15/2015 | $3,990,000 | Listed For Sale | Agent Provided |
| 07/10/2014 | $3,988,000 | ListingRemoved | Agent Provided |
| 03/11/2011 | $2,700 | ListingRemoved | Agent Provided |
| 02/18/2011 | $2,700 | Listed For Rent | Agent Provided |
| 01/06/2011 | $3,988,888 | ListingRemoved | Agent Provided |
| 07/25/2010 | $3,988,888 | Listed For Sale | Agent Provided |
| 02/18/2009 | $3,999,000 | ListingRemoved | Agent Provided |
| 11/08/2008 | $3,999,000 | Listed For Sale | Agent Provided |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $21,743 |
| Assessment | $1,607,727 |
Home facts updated by county records
Comparable Sales for 537 Cloverleaf Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.79 | Multi-Family Home | $1,459,000 | 03/23/26 | 5 | 3 | 1,995 | |
1.23 | Multi-Family Home | $1,685,385 | 03/27/26 | 8 | 4 | 4,284 | |
1.37 | Multi-Family Home | $2,100,000 | 07/23/25 | 15 | 10 | 5,676 | |
1.16 | Multi-Family Home | $1,067,000 | 02/04/26 | 4 | 2 | 2,284 | |
1.20 | Multi-Family Home | $1,100,000 | 05/20/25 | 4 | 3 | 2,234 | |
1.20 | Multi-Family Home | $1,050,000 | 08/18/25 | 4 | 3 | 2,000 | |
1.29 | Multi-Family Home | $1,550,000 | 01/30/26 | 4 | 3 | 1,964 | |
1.76 | Multi-Family Home | $1,940,000 | 02/19/26 | 8 | 5 | 4,857 |
Assigned Schools
These are the assigned schools for 537 Cloverleaf Dr.
- Clifton Middle School
- 7-8
- Public
- 634 Students
7/10GreatSchools RatingParent Rating AverageClifton was an amazing experience for me and has been for my kids. I was treasurer of my class and loved my time so much I went back to chaperone 8. Years of leadership conferences and hetwaways. My kids love it even more. The demographics are off I sit in front of the school e wry day and I love here a 1 bedroom is 2,300 a month. Home is up to 4,500-7,000 this whole lower class kids doing not as well is B.s everyone is struggle everyone should be on the demographic. They have a great multicultural staff and no one is getting left behind due to color. Please verify the raw numbers you get before you go posting them as facts on the internet.Parent Review3y ago - Mayflower Elementary School
- K-6
- Public
- 524 Students
10/10GreatSchools RatingParent Rating AverageAs a family, we had a fabulous experience at Mayflower. The staff was outstanding. The PTA was very welcoming. Our kids have fond memories and are still friends with kids from Mayflower.Parent Review8mo ago - Monrovia High School
- 9-12
- Public
- 1455 Students
7/10GreatSchools RatingParent Rating AverageParents are informed with weekly activities happening at school. I like how I can view my child's progress in school.Parent Review6y ago 
Check out schools near 537 Cloverleaf Dr.
What Locals Say about Monrovia
At least 409 Trulia users voted on each feature.
92 % Say it's dog friendly
83 % Say it's walkable to restaurants
83 % Say there are sidewalks
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
37 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
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
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, Monrovia, CA 91016 is a 12 bedroom, 5,073 sqft multi-family built in 1916. This property is currently available for sale and was listed by CRMLS on Oct 16, 2025. The MLS # for this home is MLS# AR25241101.