Authorities said the incident happened at about 7:50 p.m. in the 2900 block of West Main Street.
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Witnesses captured video of multiple shots being fired and officers running across the street.
Police said the parents of a man reported that their son may be armed with a firearm.
As officers responded to the scene they heard shots being fired in the area.
Police said they located a man armed with a gun and he began shooting at them. That's when officers said they returned fire, killing the suspect.
According to officials, a shotgun and handgun were recovered from the scene.
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No officers were injured during the shootout, according to authorities.
The Los Angeles County Sheriff's Department said it was assisting the Alhambra Police Department in its investigation.