Presenting 7234 Allott Ave, an amazing investment opportunity to acquire a 100% leased 4-unit trophy asset which includes plans for an ADU nearing RTI! Centrally located in Van Nuys bordering NOHO, the property features 4 spacious individual bungalow style units consisting of newly remodeled 1bd/1ba units, all of which were recently leased at market value. Seller has already submitted plans for a 1,200 SF 2bd/2ba ADU bringing the total to FIVE (5) units, adding to the value tremendously. Zoned LARD1.5, the total rentable area is 2,501 SF situated on a large 11,003 SF lot with abundant parking, making it ideal for future development or ADU addition. Gross monthly rental income from the 4 leased units is $8,500/mo, the 2bd/2ba ADU (when constructed) can add another $3,000/mo income. Build the ADU and occupy as an owner/user and start collecting rent immediately and be proud to own this jewel in a dense urban infill with easy access to the 170 Freeway and Metro G Line.