According to the Los Angeles Police Department, officers received a call about an active shooter at the campus located on Highland Avenue, just north of Sunset Boulevard.
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The caller reported six victims who had allegedly been shot.
However, after a full lockdown of the campus and a massive search, no shooting victims were found.
"Recent reports of a critical incident at Hollywood high school are unfounded and, after swift law enforcement response and internal individual classroom verification, we are deeming the incident as a hoax," said the Los Angeles Unified School District in a tweet.
Surrounding streets were briefly shut down as officers searched the campus.
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All students are safe and accounted for, according to LAUSD.
They were sent back to their classes around 11 a.m.