Multifamily Living Arrives in Bel Air

LOS ANGELES—Multifamily living has come to Bel Air. Empire Property Group has delivered its Empire at Bellagio multifamily property in the city, which is known for larger single-family homes. The luxury property is LEED-Platinum certified and has 23 multifamily units and ample amenities.

“There are only a handful of multifamily buildings in Bel Air, essentially all built prior to 1978 making them subject to rent control,” Craig Berberian, Empire Property Group co-founder and managing partner, tells GlobeSt.com. “Empire at Bellagio is the first multi-residential building to be built in this Bel Air enclave in the past several decades.  Most housing stock in Bel Air are either mega-sized single family homes or dated apartment buildings, making Empire at Bellagio a very unique building that will undoubtingly be a sought after place to live. We just finished construction this month but unfortunately December is historically a slow leasing month due to the holidays. Based on the recent and past inquires we have received we believe the demand is going to be very strong for Bel Air in early 2015, especially since overall supply is very low and there are no comparable buildings to ours.”