$3,300,000
-$200,000537 Cloverleaf Dr, Monrovia CA 91016
Multi-Family (Fourplex)
Property type
232 days
On market
$651
Price per sqft
0 cars
Garage
1916
Year built
864,776 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Matthew Modica DRE #02159930, Long Dragon Realty Group, Inc.
Listing updated: Apr 10, 2026 at 11:59pm.
Last checked: Jun 5, 2026 at 06:31pm
Source: CRMLS #AR25241101
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 2 | 0 | — | $180,000 | $180,000 | $180,000 | Unfurnished |
# of Buildings: 6
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 6
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
18.3x
List Price / Annual Gross Rent
Cap Rate
3.08%
NOI / List Price
Gross Scheduled Income: $180,000
Operating Expense: $60,000
Net Operating Income: $120,000
Annual Operating Expenses
Electric: $1
Fuel: $1
Insurance: $10,000
Professional Management: $1
Trash: $1
Water / Sewer: $1
Interior
Laundry: None
Entry Location: Ground Level
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Unknown
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 8503001029
Additional Parcels: Yes
Tax Lot: 29
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Hiking
Nearby Schools
Nearby schools around the 537 Cloverleaf Dr, Monrovia, CA 91016. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,640,000
Total Interest
$3,367,174
Total Payment
$6,007,174
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$20,274
per month
Property History for 537 Cloverleaf Dr
Monrovia Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91016.
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