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537 & 539 Cloverleaf Dr 537 Cloverleaf Dr

6 Unit Apartment Building $5,613,000 ($935,500/Unit) Monrovia, CA 91016

Investment Highlights

  • Operate as a rental property with redevelopment potential
  • Serene and Private Location
  • Convenient access to major freeways
  • Approximately 19.85 Acres of Land
  • Excellent location nearby million dollar homes

Executive Summary

Multiple Units on +/-19.85 ACRES | Land Development Opportunity nestled in the serene and beautiful hillside of Monrovia. The opportunity consists of 2 parcels, 537 Cloverleaf Dr (approximately 4.88 acres) and 539 Cloverleaf Dr (approximately 14.97 acres), along with dwelling structures that provide a current rental income stream. Utilities are available on site, tenants are currently occupying the units. Operate as a rental property with redevelopment potential.

Property Facts

Price $5,613,000
Price Per Unit $935,500
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Lot Size 19.85 AC
Building Size 5,073 SF
Average Occupancy 100%
No. Stories 2
Year Built 1916

zoning

Zoning Code MORF* (Multiple Dwelling)
MORF* (Multiple Dwelling)
  • Listing ID: 33613434

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 537 Cloverleaf Dr, Monrovia, CA 91016

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