The venue originally seated 10,000 people, including 5,000 in wooden bleacher seats that were removed after the 1932 games. The main swimming pool measures 165 ft (50 m) long by 64 ft (20 m) wide. A children's pool is adjacent to the main pool. The permanent grandstands at their top point was 15 ft (4.6 m) high spread over a length of 256 ft (78 m) and a width of 98 ft (30 m).
The venue was renovated in 2002 to 2003. Bentley Management Group was hired in 2006 to refurbish and install the Olympic Rings on the south side of the Swim Stadium. The Rings were used in the 1984 Summer Olympics and were lit by Rafer Johnson during the Opening Ceremony at the LA Coliseum.
The Swim Stadium was later renamed in honor of the LA84 Foundation and for John C. Argue (1931 or 1932–2002), a Los Angeles-based lawyer who served as a key board member player for bringing the Olympics back to Los Angeles 52 years later. Argue also served as chair of the board of trustees for the University of Southern California from 2000 until his death in 2002, and was part of the unsuccessful effort to bring the 2016 Summer Olympics to Los Angeles.