The hit-and-run happened Friday morning as the 33-year-old man crossed the street at the intersection of Venice and Lincoln boulevards.
An anonymous tip led police to the driver, identified as 33-year-old Kara Kiehle.
She was arrested Friday afternoon at a home on Realto Court in Venice.
Kiehle was booked under the charge of fatal hit-and-run. She is being held on $50,000 bail.