The item was reported to have been found outdoors shortly before 9 a.m. in the 14000 block of Ventura Boulevard, between Hazeltine and Costello avenues, according to the Los Angeles Police Department.
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A Wells Fargo bank branch and a Ralphs supermarket were evacuated, along with several other nearby businesses, an LAPD spokesperson said.
At least two streets were closed to traffic as officers and multiple patrol vehicles and bomb squad trucks descended on the scene.
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Just before noon, police announced that the item posed no danger and the area was reopened.