Authorities say the victim was hit while standing at a bus stop at Western Avenue and Romaine Street around 5:10 a.m. The mangled car, a 2010 Chrysler Sebring, was left at the scene.
Police say two male suspects stumbled out of the car and fled on foot. Descriptions of the suspects were not immediately available.
"I'm surprised. Why would they do something like that? It was an accident. They should've stayed here," said Hovands Petrososyan, a bus rider.
According to investigators, the vehicle was heading northbound on Western Avenue approaching Romaine Street when it lost control, veering into oncoming traffic and slamming into a tree. Police say the two men never stopped to check on the victim.
LAPD Cmdr. Andrew Smith said the suspects ran past the victim into an apartment building. A short time later, they jumped into a blue Mazda that was waiting on Romaine Street. That Mazda has a California license plate of 6UGC050.
The victim was identified as 63-year-old Amos Romasoc of Los Angeles. He is survived by three children.
Anyone with information related to the case is urged to call the LAPD at (877) LAPD-24-7.