Police said the suspects lured victims to De Soto Avenue and Vanowen Street in the Topanga area with low purchase prices for cars advertised on Craigslist.
The victims were urged to bring cash with them, and once there, the suspects robbed them at gunpoint.
Police said the suspects have robbed multiple victims at gunpoint at prearranged locations within the last two weeks between the hours of 11 a.m. and 3:30 p.m. No one has been injured.
The suspects are described as Hispanic and about 25 to 30 years of age. One suspect is about 5 feet, 7 inches tall and weighs about 130 pounds. The second suspect is about 5 feet, 10 inches tall and about 130 pounds.
Police are encouraging people buying cars off Craigslist to meet at a safe location like the Department of Motor Vehicles or a bank, and do not take cash to purchase the vehicle.
Anyone with information is urged to call (877) LAPD-24-7.