Officers responded to multiple calls about a "man with a gun" near Laurel Canyon and Van Nuys boulevards around 10:40 p.m. Sunday, according to the Los Angeles Police Department. Witnesses said the suspect tried to carjack someone and pointed a gun at several other people.
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When officers arrived, police said the man shot at them and they returned fire. The suspect was struck by gunfire and taken to a hospital, where he was pronounced dead.
He has only been identified as a man in his 20s.
"We're still at the very early stages. There's multiple witnesses to interview, victims to speak with and body-worn video and even surveillance video to go over, so this is very preliminary information at this time," Sgt. Bruce Borihanh told reporters at the scene Monday morning.
A handgun believed to be used by the suspect was found at the scene, he added.
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No officers or bystanders were injured in the incident.
The area of Laurel Canyon and Van Nuys boulevards was expected to remain closed off for several hours during the investigation.
DEVELOPING: We will add more details to this report as they become available.