Police say the driver immediately left the scene.
The 59-year-old victim died at a nearby hospital later in the evening. Authorities have not yet released his name.
From witness accounts police are now looking for a black male in his 20's. Authorities believe he was driving a green 1980's model two-door Toyota Celica.
Anyone with information on the case is urged to call the LAPD at 1-877-529-3855.