The shooting was reported shortly after 8:30 a.m. Thursday near the intersection of Rosecrans and Towne avenues, according to the Los Angeles County Sheriff's Department.
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Deputies and firefighter-paramedics arrived at the scene to find two men lying dead in the parking area of a property consisting of warehouses and other commercial facilities. They were not immediately identified.
"We have no motive at this time. It appears that there was some type of gathering or party at the location from last night to early this morning," sheriff's Lt. Omar Camacho said.
The victims are between 20-30 years old, detectives said. The surviving victim is hospitalized in stable condition.
A business owner from a nearby building says the facility where the deadly shooting happened is also rented out for parties.
No arrests were announced, and a description of a possible suspect was not released.
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"It's too early in the investigation to figure out if we have a possible suspect detained or witnesses that we still need to contact," Camacho said.
Video from AIR7 HD showed investigators examining a black sedan that was near the bodies with its front doors open. Forty-foot shipping containers, semitrucks and a forklift were parked nearby.