537 Cloverleaf Dr

$3,980,000
Price
2
Beds
—
Baths
5,073 Sq. Ft.
$785 / Sq. Ft.
5,073
Sq. Ft.
$785
per Sq. Ft.

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...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.

Property Details for 537 Cloverleaf Drive

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Detached
Lot Size Source
Seller
Living Area
5073
Assessor Parcel Number
8503-001-029
Property Attached YN
false
LISTING UPDATED: 10/17/2025 09:09 AM

Property Details for 537 Cloverleaf Drive

StatusActive
MLS #AR25241101
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1916
Lot Size19.85 AC / 864,776 SF
CountyLos Angeles County

Location

Listing Courtesy of Long Dragon Realty Group, Inc., Matthew Modica, DRE #02159930
Add your commute

Building Information for 537 Cloverleaf Drive

Stories2Residences-Year Built1916Building Size-Lot Size19.85 AC / 864,776 SF

Payment Calculator

$21,479 per month

30 year fixed, 6.28% Interest

Principal and Interest

$19,667

Property Taxes

$1,812

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 537 Cloverleaf Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $180,000
  • Gross Scheduled Income: $180,000
  • Net Operating Income: $120,000
  • Cap Rate: 3.08
Expense Details
  • Operating Expense: $60,000
  • Fuel Expense: $1
  • Electric Expense: $1
  • Insurance Expense: $10,000
  • Professional Management Expense: $1
  • Trash Expense: $1
  • Water Sewer Expense: $1
  • Total Expenses: $1
Tax / Assessment Info
  • Tax Tract Number: 4303
  • CFD/Mello-Roos Fee: $1,077
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Biking, Hiking
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Ground Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 8503002008
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $180,000
  • Unit Type Total Rent: $180,000
  • Unit Type Pro Forma: 180000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6

Property History for 537 Cloverleaf Drive

DateEvent & SourcePriceAppreciation
Oct 16, 2025

Listed (Active)

CRMLS #AR25241101

$3,980,000—
Oct 16, 2025

Listed (Active)

CRMLS #AR25241292

$3,980,000—
Oct 13, 2025

Listed (Active)

SDMLS #AR25241101

$3,980,000—
Oct 13, 2025

Listed (Active)

SDMLS #AR25241292

$3,980,000—
Oct 13, 2025

Listed (Active)

CLAW #AR25241101MR

$3,980,000—
Oct 13, 2025

Listed (Active)

CLAW #AR25241292MR

$3,980,000—
Jun 16, 2025

Expired

CRMLS #AR25026992

—
Jun 16, 2025

Expired

CRMLS #AR25026904

—
Jun 15, 2025

Expired

SDMLS #AR25026992

$4,800,000—
Jun 15, 2025

Expired

SDMLS #AR25026904

$4,800,000—
Jun 15, 2025

Expired

CLAW #AR25026992MR

$4,800,000—
Jun 15, 2025

Expired

CLAW #AR25026904MR

$4,800,000—
Apr 11, 2025

Price Change

CRMLS #AR25026992

$4,800,000—
Apr 11, 2025

Price Change

CRMLS #AR25026904

$4,800,000—
Mar 7, 2025

Price Change

CLAW #AR25026992MR

$5,413,000—
Mar 7, 2025

Price Change

CLAW #AR25026904MR

$5,413,000—
Mar 7, 2025

Price Change

CRMLS #AR25026992

$5,413,000—
Mar 7, 2025

Price Change

CRMLS #AR25026904

$5,413,000—
Feb 5, 2025

Listed (Active)

CRMLS #AR25026992

$5,613,000—
Feb 5, 2025

Listed (Active)

CRMLS #AR25026904

$5,613,000—
Feb 4, 2025

Listed (Active)

CLAW #AR25026992MR

$5,613,000—
Feb 4, 2025

Listed (Active)

SDMLS #AR25026904

$5,613,000—
Feb 4, 2025

Listed (Active)

SDMLS #AR25026992

$5,613,000—
Feb 4, 2025

Listed (Active)

CLAW #AR25026904MR

$5,613,000—
Sep 30, 2022

Expired

CRMLS #WS21217623

$6,000,000—
Sep 29, 2022

Expired

SDMLS #WS21217623

—
Sep 29, 2022

Expired

CLAW #WS21217623MR

$6,000,000—
Oct 6, 2021

Listed (Active)

SDMLS #WS21217623

$6,000,000—
Oct 6, 2021

Listed (Active)

CLAW #WS21217623MR

$6,000,000—
Oct 6, 2021

Listed (Active)

CRMLS #WS21217623

$6,000,000—
Sep 29, 2021

Listed (Active)

SDMLS #WS21217623

$6,000,000—
Oct 5, 2018

Expired

CRMLS #AR17070949

$1,999,000—
Oct 4, 2018

Expired

CLAW #AR17070949MR

—
Apr 4, 2017

Listed (Active)

CLAW #AR17070949MR

$1,999,000—
Apr 4, 2017

Listed (Active)

CRMLS #AR17070949

$1,999,000—
Apr 2, 2017

Expired

CRMLS #AR16094647

$1,999,000—
Apr 2, 2017

Expired

CRMLS #AR16094647

$1,999,000—
Apr 1, 2017

Expired

CLAW #AR16094647MR

—
May 4, 2016

Listed (Active)

CLAW #AR16094647MR

$1,999,000—
May 4, 2016

Listed (Active)

CRMLS #AR16094647

$1,999,000—
Apr 13, 2016

Withdrawn / Cancelled

CRMLS #WS15262281

$3,990,000—
Apr 13, 2016

Withdrawn / Cancelled

SDMLS #WS15262281

—
Apr 13, 2016

Withdrawn / Cancelled

CLAW #WS15262281MR

—
Dec 15, 2015

Listed (Active)

SDMLS #WS15262281

$3,990,000—
Oct 28, 2015

Listed (Active)

CLAW #WS15262281MR

$3,990,000—
Oct 28, 2015

Listed (Active)

CRMLS #WS15262281

$3,990,000—
Aug 19, 2014

Withdrawn / Cancelled

CRMLS #AR14121657

$3,988,000—
Aug 19, 2014

Withdrawn / Cancelled

CLAW #AR14121657MR

—
Jun 10, 2014

Listed (Active)

CRMLS #AR14121657

$3,988,000—
Jun 10, 2014

Listed (Active)

CLAW #AR14121657MR

$3,988,000—
Jun 4, 2014

Expired

CRMLS #AR14023541

—
Jun 3, 2014

Expired

CLAW #AR14023541MR

—
Feb 4, 2014

Withdrawn / Cancelled

CRMLS #AR14023542

$3,988,000—
Feb 3, 2014

Listed (Active)

CLAW #AR14023541MR

$3,988,000—
Feb 3, 2014

Listed (Active)

CRMLS #AR14023542

$3,988,000—
Feb 3, 2014

Listed (Active)

CRMLS #AR14023541

$3,988,000—
Dec 19, 2012

Expired

CRMLS #S188205

$2,500,000—
Jan 1, 2011

Expired

CRMLS #W10077070

$3,988,888—
Jan 1, 2011

Expired

CLAW #W10077070MR

—
Jul 19, 2010

Listed (Active)

CLAW #W10077070MR

$3,988,888—
Jul 19, 2010

Listed (Active)

CRMLS #W10077070

$3,988,888—
Feb 2, 2009

Expired

CRMLS #A08157789

$3,999,000—
Feb 2, 2009

Expired

CRMLS #A08157800

$3,999,000—
Feb 2, 2009

Expired

CLAW #A08157800MR

—
Feb 2, 2009

Expired

CLAW #A08157789MR

—
Nov 6, 2008

Listed (Active)

CRMLS #A08157800

$3,999,000—
Nov 6, 2008

Listed (Active)

CRMLS #A08157789

$3,999,000—
Nov 6, 2008

Listed (Active)

CLAW #A08157800MR

$3,999,000—
Nov 6, 2008

Listed (Active)

CLAW #A08157789MR

$3,999,000—
Sep 6, 2007

Expired

CRMLS #A07083236

$4,990,000—
Sep 6, 2007

Expired

CLAW #A07083236MR

—
Jun 6, 2007

Listed (Active)

CRMLS #A07083236

$4,990,000—
Jun 6, 2007

Listed (Active)

CLAW #A07083236MR

$4,990,000—
Oct 18, 2002

Expired

VCF #P0-22005489

$3,500,000—
Oct 18, 2002

Expired

CLAW #22005489IT

$3,500,000—
Jul 15, 2002

Listed (Active)

VCF #P0-22005489

$3,500,000—
Jul 15, 2002

Listed (Active)

CLAW #22005489IT

$3,500,000—
Jul 16, 2000

Expired

CLAW #S188205aMR

—
Jul 16, 1999

Listed (Active)

CLAW #S188205aMR

$2,500,000—
Jul 16, 1999

Listed (Active)

CRMLS #S188205

$2,500,000—
DateEvent & SourcePrice
10/16/2025

Listed (Active)

CRMLS #AR25241101

$3,980,000
10/16/2025

Listed (Active)

CRMLS #AR25241292

$3,980,000
10/13/2025

Listed (Active)

SDMLS #AR25241101

$3,980,000
10/13/2025

Listed (Active)

SDMLS #AR25241292

$3,980,000
10/13/2025

Listed (Active)

CLAW #AR25241101MR

$3,980,000
10/13/2025

Listed (Active)

CLAW #AR25241292MR

$3,980,000
06/16/2025

Expired

CRMLS #AR25026992

—
06/16/2025

Expired

CRMLS #AR25026904

—
06/15/2025

Expired

SDMLS #AR25026992

$4,800,000
06/15/2025

Expired

SDMLS #AR25026904

$4,800,000
06/15/2025

Expired

CLAW #AR25026992MR

$4,800,000
06/15/2025

Expired

CLAW #AR25026904MR

$4,800,000
04/11/2025

Price Change

CRMLS #AR25026992

$4,800,000
04/11/2025

Price Change

CRMLS #AR25026904

$4,800,000
03/07/2025

Price Change

CLAW #AR25026992MR

$5,413,000
03/07/2025

Price Change

CLAW #AR25026904MR

$5,413,000
03/07/2025

Price Change

CRMLS #AR25026992

$5,413,000
03/07/2025

Price Change

CRMLS #AR25026904

$5,413,000
02/05/2025

Listed (Active)

CRMLS #AR25026992

$5,613,000
02/05/2025

Listed (Active)

CRMLS #AR25026904

$5,613,000
02/04/2025

Listed (Active)

CLAW #AR25026992MR

$5,613,000
02/04/2025

Listed (Active)

SDMLS #AR25026904

$5,613,000
02/04/2025

Listed (Active)

SDMLS #AR25026992

$5,613,000
02/04/2025

Listed (Active)

CLAW #AR25026904MR

$5,613,000
09/30/2022

Expired

CRMLS #WS21217623

$6,000,000
09/29/2022

Expired

SDMLS #WS21217623

—
09/29/2022

Expired

CLAW #WS21217623MR

$6,000,000
10/06/2021

Listed (Active)

SDMLS #WS21217623

$6,000,000
10/06/2021

Listed (Active)

CLAW #WS21217623MR

$6,000,000
10/06/2021

Listed (Active)

CRMLS #WS21217623

$6,000,000
09/29/2021

Listed (Active)

SDMLS #WS21217623

$6,000,000
10/05/2018

Expired

CRMLS #AR17070949

$1,999,000
10/04/2018

Expired

CLAW #AR17070949MR

—
04/04/2017

Listed (Active)

CLAW #AR17070949MR

$1,999,000
04/04/2017

Listed (Active)

CRMLS #AR17070949

$1,999,000
04/02/2017

Expired

CRMLS #AR16094647

$1,999,000
04/02/2017

Expired

CRMLS #AR16094647

$1,999,000
04/01/2017

Expired

CLAW #AR16094647MR

—
05/04/2016

Listed (Active)

CLAW #AR16094647MR

$1,999,000
05/04/2016

Listed (Active)

CRMLS #AR16094647

$1,999,000
04/13/2016

Withdrawn / Cancelled

CRMLS #WS15262281

$3,990,000
04/13/2016

Withdrawn / Cancelled

SDMLS #WS15262281

—
04/13/2016

Withdrawn / Cancelled

CLAW #WS15262281MR

—
12/15/2015

Listed (Active)

SDMLS #WS15262281

$3,990,000
10/28/2015

Listed (Active)

CLAW #WS15262281MR

$3,990,000
10/28/2015

Listed (Active)

CRMLS #WS15262281

$3,990,000
08/19/2014

Withdrawn / Cancelled

CRMLS #AR14121657

$3,988,000
08/19/2014

Withdrawn / Cancelled

CLAW #AR14121657MR

—
06/10/2014

Listed (Active)

CRMLS #AR14121657

$3,988,000
06/10/2014

Listed (Active)

CLAW #AR14121657MR

$3,988,000
06/04/2014

Expired

CRMLS #AR14023541

—
06/03/2014

Expired

CLAW #AR14023541MR

—
02/04/2014

Withdrawn / Cancelled

CRMLS #AR14023542

$3,988,000
02/03/2014

Listed (Active)

CLAW #AR14023541MR

$3,988,000
02/03/2014

Listed (Active)

CRMLS #AR14023542

$3,988,000
02/03/2014

Listed (Active)

CRMLS #AR14023541

$3,988,000
12/19/2012

Expired

CRMLS #S188205

$2,500,000
01/01/2011

Expired

CRMLS #W10077070

$3,988,888
01/01/2011

Expired

CLAW #W10077070MR

—
07/19/2010

Listed (Active)

CLAW #W10077070MR

$3,988,888
07/19/2010

Listed (Active)

CRMLS #W10077070

$3,988,888
02/02/2009

Expired

CRMLS #A08157789

$3,999,000
02/02/2009

Expired

CRMLS #A08157800

$3,999,000
02/02/2009

Expired

CLAW #A08157800MR

—
02/02/2009

Expired

CLAW #A08157789MR

—
11/06/2008

Listed (Active)

CRMLS #A08157800

$3,999,000
11/06/2008

Listed (Active)

CRMLS #A08157789

$3,999,000
11/06/2008

Listed (Active)

CLAW #A08157800MR

$3,999,000
11/06/2008

Listed (Active)

CLAW #A08157789MR

$3,999,000
09/06/2007

Expired

CRMLS #A07083236

$4,990,000
09/06/2007

Expired

CLAW #A07083236MR

—
06/06/2007

Listed (Active)

CRMLS #A07083236

$4,990,000
06/06/2007

Listed (Active)

CLAW #A07083236MR

$4,990,000
10/18/2002

Expired

VCF #P0-22005489

$3,500,000
10/18/2002

Expired

CLAW #22005489IT

$3,500,000
07/15/2002

Listed (Active)

VCF #P0-22005489

$3,500,000
07/15/2002

Listed (Active)

CLAW #22005489IT

$3,500,000
07/16/2000

Expired

CLAW #S188205aMR

—
07/16/1999

Listed (Active)

CLAW #S188205aMR

$2,500,000
07/16/1999

Listed (Active)

CRMLS #S188205

$2,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 537 Cloverleaf Drive

Taxable ValueLand$1,473,760Additions$133,967Total$1,607,727
Tax Record2025$21,743 ($1,812 / month)
Home Facts
Total Finished SqFt2,683 SqFtAbove Grade Finished SqFt2,683 SqFtLot Size212,535 SqFtStyleDuplexYear Built1916ZoningMORF*CountyLOS ANGELESAPN8503-001-029

Schools near 537 Cloverleaf Drive

This home is within Monrovia Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mayflower Elementary School
PublicK to 5

Clifton Middle School
Public6 to 8

Monrovia High School
Public9 to 12

Canyon Oaks High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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537 Cloverleaf Drive is a multi-family home for sale in Monrovia, CA 91016. This property was listed for sale on October 13, 2025 by Long Dragon Realty Group, Inc., it's currently listed at $3,980,000. This listing's school district is Monrovia Unified School District. Nearby schools include Mayflower Elementary School, Clifton Middle School and Monrovia High School. 537 Cloverleaf Drive is a 2-bed, 0-bath, 5,073 sqft multi-family home built in 1916.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long Dragon Realty Group, Inc., Matthew Modica, DRE #02159930

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.