Fascinating map reveals where house prices are set to boom in lead up to 2028 Olympics
Mark your map! Certain neighborhoods in Los Angeles could become boomtowns in the coming years thanks to the West Coast city hosting the 2028 Summer Olympic Games.
Mark your map! Certain neighborhoods in Los Angeles could become boomtowns in the coming years thanks to the West Coast city hosting the 2028 Summer Olympic Games.
When cities are chosen for the Olympics, the entire metropolis gets an overhaul to accommodate the hundreds of sporting events and tens of thousands of additional visitors.
Los Angeles is no different, and ever since September 2017 - when it was awarded the vaunted opportunity to host the worlds biggest sporting event - the city has been preparing and improving.
Central to that are the massive efforts being undertaken to expand the citys Metro Rail system so that LA28 can be car-free.
Neighborhoods close to existing sports arenas and sites for yet-to-be-created venues - such as downtown LA, Inglewood, Westwood and Carson - could see a huge surge in home prices amid all the rabid development.
Downtown Los Angeles, pictured, will host a number of events including gymnastics at its several arenas
The excitement around the Olympics will undoubtedly drive demand in LA’s real estate market, finance advisor and real estate expert Justin Godur told House Beautiful, a shelter magazine thats been around since 1896.
The Olympics will run from July 14 to July 30, 2028. LA will also host the Paralympics for the first time, which are scheduled for August 22 to September 3, 2028.
Godur, the founder of Capital Max, a startup that advises investors on the real estate market, said increased interest in LA could come as soon as 2026 with certain neighborhoods - particularly those near the venues - becoming hot spots.
Inglewood could be one of those hotspots, as both SoFi Stadium and the Intuit Dome are there.
SoFi Stadium, the home arena for the LA Rams and Chargers, will get a pop-up pool to host swimming events.
The stadium, which hosted Super Bowl LVI in 2022, has a capacity of more than 70,000, well equipped to host spectators for these kinds of events.
SoFi Stadium, pictured, will host the 2026 FIFA World Cup, Super Bowl LXI in 2027, and the swimming events of the 2028 Summer Olympics
Intuit Dome opened on August 15, 2024, as the new home for the LA Clippers
Pictured: An overhead view of Inglewood, California, where much of the Olympics will play out
The Intuit Dome, the brand new home to the LA Clippers and right down the street from SoFi, will host basketball.
Both stadiums are have been built within the last four years, complete with all the top-of-the-line amenities that make them perfect for two weeks of day-in, day-out competition.
The Crypto.com arena, another big stadium located in downtown LA, will host gymnastics, while The LA Convention Center is set to be a stage for fencing, taekwondo, table tennis, judo and wrestling.
The LA Memorial Coliseum is more than a century old, but its draw on Ancient Greek architecture with its famous columns is likely why its in the running to be the site of the opening and closing ceremonies.
The Memorial Coliseum is just south of the campus of the University of Southern California (USC), making that area another prime real estate opportunity.
Pictured: A map that lays out where the Olympics Venues are throughout LA County
The LA Memorial Coliseum, entrance pictured, will host the opening and closing ceremonies of the Games
UCLAs campus, pictured, will be the site of the Olympic Village in 2028
And overhead view of the USC campus with downtown LA in the background
If Westwood is more your speed, youre in luck because UCLA will be the home to the Olympic Village, where 15,000 Olympians and Paralympians will hang their hats - and speedos.
Carson, a city in southern LA County, is also primed to be another great opportunity to take advantage of new development.
Carsons Dignity Health Sports Park, a multi-use sports complex, will host rugby sevens, tennis, track cycling, field hockey, and the modern pentathlon (this an Olympic multisport consisting fencing, freestyle swimming, laser pistol shooting, equestrian show jumping and cross country running).
To sustain the thousands of athletes and spectators in all these areas, the city government has pledged to expand rail systems and make a series of airport improvements, all of which experts say will have a lasting effect and bring even more real estate interest.
LA could make good on this promise, especially after Mayor Karen Bass announced in March that the city secured nearly $900 million in funding to expand the Metro Rail and pursue brand new countywide public transportation projects.
Pictured: A new Metro train at a station platform in the Little Tokyo/Arts District
Pictured: The proposed San Fernando Valley to West Los Angeles rail station as illustrated by an artist
The bulk of the funds ($709.9 million) came directly from the $1.2 trillion infrastructure law signed by President Joe Biden in November 2021.
A big list of transportation improvements are being worked on through a plan called Twenty-eight by 28.
This includes a proposed plan to link West Los Angeles with the San Fernando Valley with a train up the Sepulveda Pass running parallel to the 405.
So far, five of the 28 projects have been completed.
Meanwhile, construction has started on a metro station connecting the LAX airport to the rest of the city, something that will be crucial when people flock to LA for the Games in four years.
At least four other metro expansion projects are in the works, as well as plans to improve the citys many freeways.
In the past, we have seen areas around subway stops boom in new construction, and home values have soared, Anthony Vulin, owner and broker of The Collective Realty in West Hollywood, told House Beautiful. Realtors are already talking to their clients about where the new lines will be and how it could boost home values once completed.
Samantha O’Connor with luxury LA real estate firm OConnor Estates told the magazine that the citys blend of gorgeous neighborhoods, great food, museums and markets make it the perfect place for the Olympics.
The energy the Olympics bring to a city coupled with the perfect weather and stunning landscape will get people excited about the real estate here, she said.
In northwest LA sits Beverly Hills, pictured, home to many celebrities and the coveted 90210 zip code
Bel Air, pictured, is slightly northwest from Beverly Hills, making it further removed from the city proper, but its right near the UCLA campus, which will host Olympic athletes in 2028
The average home in LA County is worth more than $876,000, which is more than double the national average.
Home values in the already-coveted area could appreciate even more, likely dragging up rents as well.
This could lead to a temporary spike in rental prices, especially in the years leading up to the event, Godur said. Property owners near event sites should consider the potential for lucrative short-term rental income during the Games.
This also raises the fear of gentrification, which could price out many Angelenos out of neighborhoods theyve lived in for years or even decades.
In LA, the legacy will depend on how well the city manages this growth while maintaining its unique character, Godur said.
