$1,416,006Average Value$881Average Price per Sq Ft18Homes For Sale
Medium-density neighborhood with character
Directly east of downtown Santa Monica and blocks from the city's world-famous pier and promenade, Pico is a medium-density neighborhood with character. "This area is great for commuting to West Los Angeles," says Dario Svidler, Partner CRE's executive vice president with almost $1 billion in career sales. "Pico Boulevard has a bunch of old-school businesses and a lot of restaurants, and that's a draw to buyers." Pico sits adjacent to Santa Monica College, which makes its inventory of multifamily units attractive to students renting in the area. However, it's a commuter college, so the neighborhood doesn't necessarily have a college vibe.
Rollercoasters and all the fun is located near Pico in Santa Monica.
Pico locals and visitors rate Gilbert's El Indio Mexican Restaurant as a great spot for food.
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Diversity of housing
Pico has a mix of single-family homes, condos and townhouses, and multifamily units. The single-family housing inventory consists mainly of classic California bungalows — cozy homes with between 900 and 1,700 square feet. “The homes here are smaller, so they’re a little bit more affordable to get into,” Svidler says. “North of the 10 will be more expensive than south of the 10.” The neighborhood’s streets are quiet and spacious, lined by sidewalks under a thick canopy of shade trees. “This is higher density housing than Sunset Park, but not too high density. You’re talking duplexes and quadplexes up to 10 or 20 units.” Single-family homes in Pico are priced between $1.2 million and $2.5 million. Depending on proximity to the coast, condos and townhomes list between $600,000 and $1.6 million. Multifamily units are priced between $1.3 million and $5 million.
Large multi-story houses are an architectural beauty in parts of the Pico neighborhood.
Rows of small homes provide more affordable options in Pico, a Santa Monica neighborhood.
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Shopping and Dining on Pico Boulevard
Shopping and dining in Pico occur along Pico Boulevard, a dense commercial stretch that runs the length of the neighborhood. There is a Whole Foods Market at the intersection of Cloverfield Boulevard for stocking up on groceries and essentials. Some of the businesses cater to students at Santa Monica College, which is just across Pico Boulevard. Lo/Cal Coffee & Market is a high-end coffee house popular with the student set. It’s the kind of place where baristas get to know the customers, who swear by the sandwiches and empanadas. Lunetta All Day is a New American restaurant that attracts a more sophisticated crowd. Brunch is big at this relaxed, upmarket venue, which has a wide range of seating options, including an outdoor patio lined with greenery that looks like a cafe in a quaint Parisian alleyway. The atmosphere changes at Lunetta At Night.
There is a Whole Foods on Pico Blvd for stocking up on groceries.
Lo/Cal Coffee & Market is a high-end coffee house popular with students in Pico.
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Events at the Bergamot Station Arts Center
The neighborhood is home to Bergamot Station Arts Center, the largest art gallery and cultural complex on the West Coast since 1994. Once a railroad station from 1875 to 1953, the city of Santa Monica eventually asked gallery owner Wayne Blank to reimagine the space. He created a venue that has become a community cornerstone, making art more accessible to visitors. On a given night, there are art exhibits, live comedy or music, poetry readings and performance art — in addition to the many educational programs offered. The venue’s on-site restaurant is Le Great Outdoor, which serves a farm-fresh, grill-centered menu.
Sign up for a comedy class or a shot at The Crow in Pico, Santa Monica.
Pico is home to Bergamot Station, a huge art complex with about 20 galleries and exhibitions.
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Schools have big appeal to buyers
Santa Monica-Malibu Unified is one of the best school districts in greater Los Angeles, with an A-plus grade from Niche. The school district and teachers are in the top 5% of all California schools, according to Niche. "The schools have a big appeal to buyers in this area," says Compass agent Nitzan Lumer, a third-generation Angeleno who lived in neighboring Ocean Park for a decade. Graded A by Niche, Edison Language Academy is a dual immersion school in Spanish that works towards fluency starting in preschool, which continues in the district through high school. John Adams Middle School is another A school. Santa Monica High School is graded A-plus by Niche, which ranks it in the state's top 5% of public high schools.
John Adams Middle is graded A by Niche.
The Edison Elementary School in Pico entrance showcases architectural designs.
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Just 2 miles from the beach
One of the big draws to Pico is convenient beach access. The community is a breezy 2 miles from Santa Monica State Beach and the city’s iconic pier and promenade. Much like the rest of Santa Monica, Pico is dotted with public parks and cultivated green space. Ishihara Park is dog-friendly, with exercise equipment and covered patio seating with grills and benches. There is plenty of grassy open space at Virginia Avenue Park, which is situated on 10 acres along Pico Boulevard. The park has a community center and a seasonal splash pad. Kids can keep busy at the two playgrounds or shooting hoops at the basketball courts. There is a farmers market at the park on Saturday mornings.
The beach life is available all year in sunny Pico in Santa Monica.
Pico is a convenient neighborhood in Santa Monica, close to the beach and the ferris wheel.
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Direct highway access and some noise
Pico is bisected by Interstate 10, which provides direct access to downtown Los Angeles about 15 miles east. The highway sits at a lower elevation than much of the neighborhood and is walled off along residential areas to minimize traffic noise — but it still exists. The Santa Monica Pier is about 2 miles away via Pico Boulevard, one of the area’s main thoroughfares that is lined by bus stops. "Pico Boulevard is a fast street that I would not consider particularly walkable," Svidler says. The Santa Monica Airport is nearby but only serves a handful of private planes, so noise isn’t an issue. Residents must drive the 10 miles south to Los Angeles International Airport, which can take about an hour, depending on traffic. UCLA Santa Monica Medical Center is about a mile away via 17th Street.
Pico is bisected by Interstate 10, providing direct access to downtown LA, about 15 miles east.
Pico's public transportation includes Blue Bus, a popular local bus lines.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
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Crime and Safety
1 - Low Crime, 10 - High Crime
Pico
US
Homicide
4
4
Sexual Assault
6
4
Assault with Weapon
5
4
Robbery
5
4
Burglary
6
4
Motor Vehicle Theft
6
4
Larceny
7
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Pico Demographics and Home Trends
On average, homes in Pico, Santa Monica sell after 39 days on the market compared to the national average of 53 days. The median sale price for homes in Pico, Santa Monica over the last 12 months is $1,546,000, up 8% from the median home sale price over the previous 12 months.
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