Video circulating online also shows an officer repeatedly punch the suspect on the ground. It's unclear if the punches occurred before or after the shooting.
The incident happened near Cherry and Baseline avenues around 2:20 p.m. Tuesday.
Officers responded after a report of the suspect using a pipe to damage property and attack a civilian, police said.
Police said the suspect failed to comply with officers and attacked one of them with a pipe. An officer-involved shoot then occurred.
The suspect was taken to a hospital and later pronounced dead.
An officer was also transported to a hospital with injuries described as not life-threatening.
Aerial footage showed a large pipe next to a police cruiser. Further details were not immediately available.