A suspect remained in custody in connection with the deadly incident, which was reported shortly after 2 p.m. Monday, according to the Santa Monica Police Department.
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Officers responded to a report of an assault with a deadly weapon and found the victim suffering from at least one stab wound, investigators said.
Police performed CPR at the scene and firefighters transported the critically wounded man to a hospital, where he later died. His identity has not been released.
A suspect was taken into custody immediately after the stabbing, authorities said. The name of the person in custody was not disclosed.
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The circumstances that led to the homicide were unclear. Whether the assailant and victim knew each other remains under investigation, police said.