SoFi Stadium tops LA’s real estate value list for sports arenas at $1.8 billion

Los Angeles is a city where sports and entertainment merge with iconic venues that host some of the biggest events in the world. From the grandeur of NFL stadiums like SoFi Stadium to historic MLB ballparks, LA’s sports arenas aren’t just places for games, they are valuable pieces of real estate.

How is the property value calculated?

The value of these arenas is influenced by several factors, including their location, size and the teams they host. Venues such as SoFi Stadium and Crypto.com Arena are located in busy areas that attract high foot traffic, significantly increasing their real estate values.

Additionally the state-of-the-art facilities, seating and the ability to host various events such as concerts and international sporting events add to their value.

Does SoFi Stadium affect local property?

The presence of these iconic sporting venues have a ripple effect on the surrounding real estate market. Properties near SoFi Stadium and Dodger Stadium, for example, have seen one increase in value due to increased demand from fans, tourists and businesses looking to capitalize on the game’s traffic.

Also, the impact is not just limited to residential properties but also extends to commercial properties where businesses thrive near these areas.

What is the most valuable sports venue in California?

Los Angeles is home to several iconic sports arenaswho each contribute to the city’s dynamic sports culture. Here’s a ranking of the most valuable sports venues in the area based on their estimated real estate market values.

6.- Dodger Stadium – Los Angeles, CA

Dodger Stadium is one of them oldest and most beloved ballpark in Major League Baseball. Located in Chavez Ravine, this iconic venue is not only a historic landmark, but also a valuable Los Angeles real estate asset.

• Estimated value: $565.2 million
• Square footage: 925,000 sq. feet
• Price per square meter: $611

5.- Crypto.com Arena (formerly Staples Center) – Downtown LA

Crypto.com Arena, known as home of the Lakers, Clippers and Kings is a central hub for sports and entertainment in Downtown Los Angeles. Also, its iconic status and prime central location contribute significantly to its high market value.

• Estimated value: $579.5 million
• Square footage: 950,000 sq. feet
• Price per square meter: $610

4.- Chase Center – San Francisco, CA

Chase Center, home of the Golden State Warriors, is a luxury NBA arena located in San Francisco. Its prime waterfront location and modern amenities add to its real estate value, making it one of the most valuable sports venues in the state.

• Estimated value: 990 million dollars
• Square footage: 900,000 sq. feet
• Price per square meter: $1,100

3.- Intuit Dome – Inglewood, CA

The newest entry on the list definitely made the most noise. Home of the NBA’s LA Clippers, it is a technological pioneer in sports arenas. It has its own dedicated section to support the team as crazy as possible, The Wall.

• Estimated value: 1.2 billion dollars
• Square footage: 1.25 million sq. feet
• Price per square meter: $589

2.- Levi’s Stadium – Santa Clara, CA

Although located in Northern California, Levi’s Stadium is a significant player in the state’s sports real estate market. Home to the San Francisco 49ers, this NFL stadium is known for its innovative design and sustainability features, making it a high value property.

• Estimated value: $1.56 billion
• Square footage: 1.85 million sq. feet
• Price per square meter: $846

1.- SoFi Stadium – Inglewood, CA

SoFi Stadium is a modern marvel that serves as home of both the Los Angeles Rams and the Los Angeles Chargers. Known for its sleek design and massive seating capacity, this stadium is the most valuable sports venue in Los Angeles and California. Its prime location in Inglewood, coupled with its state-of-the-art amenities, has cemented its status as a top real estate asset.

• Estimated value: $1.83 billion
• Square footage: 3.1 million sq. feet
• Price per square meter: $589