Pico-Union is a centrally located neighborhood just west of downtown Los Angeles known for its rich history and urban convenience. The area’s collection of vintage homes draws preservation-minded buyers, and its multifamily properties and strong rental market appeal to investors. With nearby freeways and public transit, plus walkable access to restaurants and markets, getting around is simple. Parks and local events also help foster a sense of community.
Part of the neighborhood is within a historic preservation overlay zone, and this area has a mix of late-1800s and early-1900s homes, including some Victorian-style designs, as well as Craftsman- and Mission Revival-style houses. California bungalows and Spanish styles are also common throughout Pico-Union. Most single-family sales range from the low $500,000s to the low $800,000s, but well-preserved historic homes tend to go from about $1 million to nearly $2 million.
More than 90% of residents rent, and multifamily options make up a large share of listings. Condos usually sell between the low $300,000s and the high $600,000s, while multifamily buildings span a wide range from the high $600,000s to almost $5 million, depending on the number of units.
One of Pico-Union’s biggest draws is a location right next to Downtown LA and less than 2 miles from the University of Southern California campus. There’s easy access to Interstate 10 and state Route 110 from the neighborhood, but it’s often faster to take surface streets during peak travel times. As for public transportation, you’ll find multiple bus stops, in addition to a Metro light rail station just a few blocks east of the community.
Living here puts you a short walk or drive from major event venues, including the Crypto.com Arena and the Los Angeles Convention Center. In addition, Exposition Park, home to the BMO Stadium and multiple museums, is just a couple of miles south. Despite its proximity to the busy attractions, Pico-Union has several green spaces where you can enjoy a more relaxed pace, such as:
Pico-Union is part of the highly rated Los Angeles Unified School District. Some kids go to Norwood Street Elementary School, one of the University of Southern California’s family of schools. The USC partnership gives students access to mentoring and other enrichment opportunities. There are also several private and charter options in the neighborhood, including University Prep Value High School, which gets a B-plus rating on Niche.
No matter where you are in the area, you’re likely to find a café or restaurant within walking distance. Some popular nearby options are:
Pico-Union’s convenient location continues to attract new people, but its well-established local programs help maintain a strong sense of connection. The Pico Union Project holds a free farmers market each Friday, as well as free guitar and art classes. The Pico Union Neighborhood Council brings residents together for educational programs and community cleanups, and every October, Saint Sophia Cathedral hosts a three-day Greek festival featuring food, wine and live music.
Five builders to launch first phase of Silverwood in Hesperia
Nov 05, 2024
Former NBA star's secluded house with custom ceilings near LA on sale for almost $3 million
Oct 17, 2024
New owner seeks to recreate property’s horror movie-inspired looks
Oct 08, 2024
Pedro Torres Jr.
First Class Platinum Brokers
(562) 392-3404
121 Total Sales
1 in Pico-Union
$885,000 Price
Megan Husri
Keller Williams Studio City
(747) 279-3321
88 Total Sales
1 in Pico-Union
$850,000 Price
Mark Lear
WERE Real Estate Inc
(657) 223-8121
354 Total Sales
1 in Pico-Union
$665,000 Price
Anthony Camperi
(626) 702-3269
10 Total Sales
1 in Pico-Union
$915,000 Price
Linda Ojeda
Luxury Collective
(424) 372-0165
110 Total Sales
1 in Pico-Union
$1,250,000 Price
Melissa Barlow
Elite Representation Real Estate
(424) 704-9071
44 Total Sales
1 in Pico-Union
$620,000 Price
On average, homes in Pico-Union, Los Angeles sell after 54 days on the market compared to the national average of 55 days. The median sale price for homes in Pico-Union, Los Angeles over the last 12 months is $705,000, down 17% from the median home sale price over the previous 12 months.
|
Median List Price
$949,000
|
Median Sale Price
$705,000
|
|
Median Single Family Sale Price
$1,000,000
|
Median Townhouse Sale Price
$1,099,500
|
|
Median 2 Bedroom Sale Price
$595,000
|
Median Change From 1st List Price
5%
|
|
Last 12 months Home Sales
27
|
Median Home Sale Price YoY Change
-17%
|
|
Average Price Per Sq Ft
$425
|
|
|
Number of Homes
1,762
|
Number of Homes for Sale
41
|
|
Median Year Built
1910
|
Months of Supply
18.20
|
|
Average Single Family Home Size Sq Ft
2,459
Above the national average
1,935
|
Average Townhouse Size Sq Ft
2,639
|
|
Average 2 Bedroom Size Sq Ft
1,036
|
Average 1 Bedroom Size Sq Ft
770
|
|
Average Studio Size Sq Ft
375
|
Median Lot Size Sq Ft
6,098
|
$1,450 - $1,750 per month
$2,100 - $2,200 per month
$2,250 - $2,395 per month
$1,950 - $3,450 per month
$1,595 per month
|
Number of Homes for Rent
65
|
Median Rent
$1,960
|
|
Median Single Family Home Rent
$2,650
|
Median 4 Bedroom Single Family Home Rent
$3,848
|
|
Median Townhouse Rent
$3,500
|
Median 3 Bedroom Townhouse Rent
$3,448
|
|
Median Condo Rent
$1,899
|
Median 2 Bedroom Condo Rent
$2,305
|
|
Total Population
36,163
|
Median Age
38
|
|
Population Density
34 ppl/acre
|
Population under 18
23.7%
On par with the national average
23.8%
|
|
Population over 65
15.4%
On par with the national average
19.1%
|
|
|
Median Household Income
$39,563
Significantly below the national average
$79,597
|
Average Household Income
$56,064
|
|
High School Graduates
55.7%
Significantly below the national average
89%
|
College Graduates
15.1%
Below the national average
34.1%
|
|
Advanced Degrees
3.2%
|
% Population in Labor Force
67.2%
|
|
Annual Precipitation
14''
|
Average Winter Low Temperature
48°F
|
|
Average Summer High Temperature
83°F
|
Annual Snowfall
0''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
Walkable South LA neighborhood with historic homes and USC energy
Historic homes next to the University of Southern California campus
Lively nightlife, shopping centers and renowned dining in Central LA
Conveniently central LA neighborhood with diverse dining and events
Historic homes, convenient access to I-10 and Koreatown
Access to cultural attractions, light rail stations and the USC campus
