Beverly Hills police responded to the armed robbery in the 300 block of N. Canon Drive after 5 p.m.
The suspect allegedly robbed a man of his jewelry.
Authorities shut down several blocks as they searched for the suspect. He remained on the loose before being found in a dumpster in an alleyway and arrested at 9 p.m.
Streets were reopened and the area was deemed safe shortly after. There were no reports of any injuries.