More than 100 shots were fired by both sides in a matter of a few minutes.
Balandran was declared dead at the scene.
One police officer suffered gunshot wounds and is in stable condition.
The two wounded suspects, identified as Edward Cisneros of La Mirada and Joel Anthony Jaquez of Hacienda Heights, are in critical condition. Both men are 28 years old.
The Chino Police Department released a statement which said, "This is a tragic event that is still under investigation, our deepest sympathy goes out to the Baledran family during this difficult time."
The parents of Balandran are seeking the help of an attorney in the wake of the tragic death.
Eyewitness New Reporters Lisa Hernandez and Rob McMillan contributed to this report.
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