The Crown Jewel of LA’s Soccer Scene
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Uncover LA’s Hidden Goldmine: How Savvy Investors Are Turning BMO Stadium’s Neighborhood into a Cash Cow!
REAL ESTATE NEWS (Los Angeles, CA) — Los Angeles, the City of Angels, is renowned for its sun-kissed beaches, glitzy Hollywood appeal, and vibrant sports culture. Nestled in the heart of this bustling metropolis is an area pulsating with potential for real estate investors – the neighborhood surrounding BMO Stadium and the University of Southern California (USC).
From the heart of the City of Angels emerges a beacon for football aficionados, a monument dedicated to the beautiful game – the BMO Stadium. Situated on 3939 South Figueroa Street, the BMO Stadium, previously known as the Banc of California Stadium, is a modern marvel for sports and entertainment enthusiasts, having served as a soccer-specific stadium since its opening on April 18, 2018.
This 22,000-capacity venue, the first open-air stadium built in the City of Los Angeles since Dodger Stadium in 1962, became the talk of the town when Los Angeles Football Club (LAFC), the reigning Major League Soccer champions, announced its renaming on January 19, 2023. Montreal-based bank BMO replaced Banc of California as the stadium’s title sponsor, marking an important milestone in the history of the stadium. The first official game as BMO Stadium was played on January 25, 2023, between the U.S. men’s national team and Serbia.
BMO, a financial institution with a long-standing commitment to sports, also holds the naming rights to Toronto FC’s stadium, demonstrating its dedication to the growth of football. The renaming came shortly after BMO secured a regulatory approval for a $16.3-billion takeover of San Francisco-based Bank of the West, bolstering its reach in the United States across nine states.
The BMO Stadium, designed by renowned architecture firm Gensler, was constructed on the site of the former Los Angeles Memorial Sports Arena. The stadium’s location is tactically beneficial as it resides next to the Los Angeles Memorial Coliseum and just south of the main campus of the University of Southern California.
The stadium is not just a mecca for soccer enthusiasts but also a hotbed for other sports and entertainment events. In addition to hosting LAFC games, BMO Stadium is also home to Angel City FC, a team in the National Women’s Soccer League (NWSL).
But the glitz and glamor of the BMO Stadium extend beyond the lush Bermuda grass of its pitch. The stadium was designed with 125,000 square feet of walkways and plazas open to the public, creating a welcoming environment for all attendees. Its state-of-the-art design includes a seating arrangement inclined at 34 degrees, making it among the steepest in MLS, providing spectators with an immersive viewing experience.
Moreover, the stadium showcases its commitment to sustainability, with LEED Silver certification, electric vehicle charging stations, and bike paths as part of the My Figueroa Project. All these elements combined emphasize the stadium’s dedication to an inclusive and environmentally-friendly spectator experience.
From hosting high-stakes football games to facilitating international rugby sevens tournaments, boxing matches, and lacrosse games, the BMO Stadium wears many hats. Its versatility extends to the entertainment industry as well. With a unique stage built into its structure, the stadium has hosted numerous concerts and music festivals, featuring global artists like Mumford & Sons, Iron Maiden, and Guns N’ Roses.
In the realm of e-sports, it hosted a celebrity pro-am event for the massively popular online video game, Fortnite Battle Royale, further demonstrating its adaptability and commitment to hosting diverse events.
As the BMO Stadium continues to evolve, it stays true to its mission of promoting sports and serving as a landmark for the Los Angeles community. Looking ahead, the stadium is set to play a crucial role in the 2028 Summer Olympics, hosting track and field events as well as both men’s and women’s soccer matches.
The BMO Stadium stands as a symbol of unity, inclusivity, and the unending passion for sports and entertainment. From its inception as the Banc of California Stadium to its recent renaming as the BMO Stadium, this sporting haven continues to inspire, entertain, and provide unforgettable experiences for all who pass through its gates.
Investing in the City of Angels: Real Estate Opportunities Near BMO Stadium and USC
The area is characterized by multi-unit rental properties that present a golden opportunity for investors. Thanks to a constant influx of students at USC and sports fans visiting the BMO Stadium, there’s a strong, sustained demand for housing. Investors have a chance to make significant profits by purchasing properties, refurbishing them, and renting them out.
Indeed, many savvy investors have already tapped into this promising market. They’ve been purchasing fixers and properties in varying states of repair, sprucing them up, and transforming them into desirable living spaces for students and young professionals. These upgraded properties not only provide a much-needed service to the community but also yield a healthy return on investment.
Investing in this area, however, also comes with its challenges. Safety and security can be concerns in certain parts of the neighborhood, as evidenced by the bars often seen on windows. That being said, USC has taken proactive steps to safeguard its community.
One such measure is the USC Patrol Zone, an area frequently monitored by the university’s Department of Public Safety. This increased security presence offers a sense of safety and peace of mind to residents, contributing to the overall appeal of these rental properties.
For those who prefer a more urban lifestyle, downtown lofts are becoming increasingly popular. These homes offer a blend of modern convenience and chic urban style, making them a hit with USC students and sports enthusiasts. Downtown LA is just a stone’s throw from BMO Stadium, offering quick access to thrilling soccer matches and the vivacious atmosphere of game days.
Additionally, being in close proximity to the university, these properties cater perfectly to students who desire easy access to their classes, campus resources, and the buzzing social life that USC offers.
All in all, the area around BMO Stadium and USC presents a compelling opportunity for investors. Despite the challenges posed by safety concerns, the steady demand for housing in this region, coupled with the proactive measures taken by USC, make this a worthwhile investment opportunity. With the right approach to security and property renovation, investors can contribute to the community while also reaping significant financial rewards.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.