Lifeguards were called to the area near Vista Del Mar around 1 a.m., according to the Los Angeles Fire County Department.
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Friends and family members reported seeing the man getting into the water and going under waves, but he never came out.
Multiple dive teams searched for hours for the swimmer. Lifeguard boats were also deployed.
The man's body was eventually found around 7:30 a.m., authorities said. Authorities believe he got pushed under by a wave. They added he was not wearing a wet suit.
The man has not been officially identified, but a family member at the scene identified him as 22-year-old Henry Hernandez.
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Meanwhile, the public is discouraged from swimming in the ocean between the hours of 10 p.m. and 6 a.m. as lifeguards are not on patrolling duty.