The deadly incident happened around 9 p.m. Monday on Rodney Drive near Hollywood Boulevard, according to the Los Angeles Police Department.
Once officers arrived, they found a 59-year-old man suffering from a stab wound. He was taken to the hospital where he later died.
A 62-year-old man was taken into custody. Police say the two men were involved in some sort of altercation that escalated into a stabbing.
Additional details were not available.
DEVELOPING: We will add more details to this report as they become available.