Jon Stojan
Image provided by Gary Mkrtichyan
Los Angeles is a global hub of entertainment and culture. Beyond that, the city is also known for its booming real estate industry due to a steady housing demand.
Gary Mkrtichyan is an emerging name as a young entrepreneur redefining construction and hospitality in the City of Angels. At 31, Gary is recognized among LA’s top real estate developers and contractors. He is passionately guiding his company, Opus Builders, to position it among the top agencies in the Los Angeles home-building market.
Founding of Opus Builders
Gary started his journey as a newcomer in the industry and gradually became a key player in LA’s real estate game. His success shows his vision-driven approach and knack for spotting opportunities in unexpected places.
Gary disrupted the status quo in the industry by establishing Opus Builders with a keen focus on efficiency, quality, and a client-first mentality. He aims to address gaps he noticed in the traditional construction industry, which follows a generalized approach. Gary combines high-end construction with a personalized design experience, emphasizing swift project delivery. His fresh ideas quickly made him a trendsetter in the real estate industry.
Image provided by Gary Mkrtichyan
Breaking Barriers in Eagle Rock
Gary’s initial success came in Eagle Rock, CA, a neighborhood that had yet to catch the eye of most developers. Realizing the potential where others didn’t, he began crafting distinct homes that raised property values and set new records. Gary’s architectural choices weren’t just about aesthetics but about transforming communities. As demand surged, his reputation scaled, proving his foresight in choosing undervalued areas for development.
Homes to High-Profile Projects
Gary’s achievements soon earned him the industry spotlight. He started receiving high-profile projects, from remodeling celebrity residences to overseeing major school renovations. Gary’s projects were featured in reputed publications like Architectural Digest and Forbes for their standout designs, solidifying his status as a rising star in the real estate world.
The Success of Opus Hospitality
Gary’s ambitions continued with construction. Inspired by his global travels, he launched Opus Hospitality, a venture dedicated to elevating the hospitality experience in Los Angeles. He has built restaurants and private club projects in Los Angeles, such as Atrium and The Belvedere Club, which are two of Opus Hospitality’s projects. Opus Hospitality combines international culinary influences with a unique atmosphere to curate an exceptional dining experience.
Gary is also planning for a 90-unit Opus-branded boutique hotel in Glendale to bring a touch of West LA to the neighborhood.
Market Foresight
Gary stands out for his ability to identify hidden potential in neighborhoods that others overlook. With a high tolerance for risk and a talent for market analysis, he consistently spots “diamonds in the rough,” turning them into sought-after properties. Gary’s approach allows insights from one sector, whether construction, real estate, or hospitality, to inform his other ventures, creating a unique business model that thrives on synergy.
Challenges Overcome in a Competitive Market
Securing a place in LA’s cutthroat real estate scene was challenging. Gary had to earn investor trust and carve out a niche in a market saturated with established players. Despite the struggle, he remained dedicated to delivering results and gaining a loyal base of investors who trusted him. This network has been crucial in fueling the brand’s rapid growth and influence across sectors.
The Future of Opus
Gary Mkrtichyan aspires to extend Opus’s reach beyond LA. He wants to enhance the brand’s reputation for quality and creative development. His journey reflects an important lesson for new entrepreneurs in LA’s real estate, showing that success is about recognizing opportunities, taking calculated risks, and dreaming big.
For Gary, the future of Opus Builders and Opus Hospitality is not just about growth but also about creating a legacy in the real estate and hospitality sectors in Los Angeles.