
Monrovia, California 91016
This 19.5-acre hillside parcel represents a High-Potential Investment Opportunity, listed at $1,249,000—positioned slightly above the $1,232,676 Fair Market Value. While requiring significant rehabilitation, the property features three existing structures generating rental income, providing immediate cash flow during the planning phase. With a Condition Rating of 5, this asset is a prime candidate for a large-scale compound development or land assemblage with the adjacent parcel. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking long-term value-add potential in Monrovia.
Property is extensive renovation needed.
Built in 1945, these structures are nearly 80 years old and the listing explicitly states they need 'significant work' and should be viewed as a 'value-add opportunity.' While currently generating rental income, the primary value lies in the 19.5 acres of land for a future compound, as the existing buildings require major rehabilitation and are in dated condition.
Boasting approximately 19.5 acres of hillside land, this property offers unparalleled privacy and a rare opportunity to develop a massive private compound or estate in a sought-after Monrovia location.
The property includes three existing structures that generate rental income, providing immediate cash flow while the buyer navigates the planning and permitting process for future development.
The rare chance to acquire this parcel alongside the neighboring property at 537 Cloverleaf allows for a significant land assemblage, maximizing long-term investment and development scale.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =652167, other record lot size in square feet = 113.
All three existing structures are in need of substantial work and are positioned as value-add opportunities, requiring a buyer with the vision and capital for major repairs or reconstruction.
With access restricted to accepted offers only and a heavy burden on the buyer to verify zoning, permits, and utility access, the acquisition process involves higher-than-average complexity and risk.
Incredible opportunity to purchase approximately 19.5 acres of land in one of Monrovia’s most unique and private settings. Offers must be submitted by July 3. Owners are trying to sell this parcel with 537 Cloverleaf Drive next door, creating an extremely rare opportunity to acquire both properties together. Six seperate structures generating rental income. Three on each parcel. Generate income while planning to build your dream compound. A truly one-of-a-kind offering in Monrovia. 539 Cloverleaf Dr provides an extraordinary amount of land in a location where properties of this scale are nearly impossible to find. Nothing else in the immediate area compares to the size, privacy, and long-term potential this property provides. Set on a massive hillside parcel, this property is ideal for a buyer looking to create a private dream compound, estate-style residence, retreat-style property, or multi-structure living environment. The property includes three existing structures, offering flexibility for future use, renovation, extended family, guest quarters, creative space, or other possibilities. The existing structures need significant work and should be viewed as a value-add opportunity for the right buyer. For someone with vision, this is a rare chance to reimagine an incredibly unique property and create something truly special on one of the most distinctive parcels in the area. Opportunities like this rarely come available in Monrovia, especially directly next to another large parcel that may also be available for purchase. Buyer to verify all square footage, permits, structure status, zoning, land use, development potential, utilities, access, easements, and property condition to buyer’s satisfaction. Shown with accepted offer only. Please do not disturb occupants. Buyers may walk the property by request only and must be accompanied by listing agent or approved representative. Offers to be submitted subject to interior inspection. Property includes three existing structures, all in need of varying levels of work. Buyer to verify all permits, square footage, zoning, land use, development potential, condition, utilities, access, easements, and any other matters affecting the property to buyer’s satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,390 | 2,540 |
| Lot Size | 652,167 | 14,461 |
| Price | $1.25M | $1.19M |
| Price per sq ft | $523 | $599 |
| Built year | 1945 | 1947 |
| HOA | $0 | $0 |
| Days on market | 34 | 46 |
Jun 18, 2026
$1,249,000
Initial Listing
Oct 30, 2006
$3,100,000
Public Record