537 Cloverleaf Dr - Apartments FOR SALE


Monrovia, CA 91016
$4,800,000 USD
537 Cloverleaf Dr, Monrovia, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

537 Cloverleaf Dr
Monrovia, CA 91016


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$946 USD /SF

# OF UNITS

6

PRICE/UNIT

$800,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

537 & 539 Cloverleaf Dr

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.85 AC

LAND SF

864,666 SF

ZONING

MORF*

APN/PARCEL ID

8503-001-029

ASK ABOUT THIS PROPERTY

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