The CHP said the driver, identified as 32-year-old Brett Kyle of Newbury Park, was speeding westbound on Potrero Road when he crashed his 2007 Toyota Tacoma around 8:30 p.m. Monday, right in front of Foxx's home.
The car struck a drainage pipe and concrete, causing it to roll over multiple times, authorities said.
The vehicle ended up on its passenger side and caught fire, trapping Kyle inside. Photos obtained by ABC7 from Joel Council of Safety For Citizens captured the dramatic scene.
Foxx said he heard the crash, called 911 and then he rushed down to the scene. The truck was already on its side and on fire. The door was locked, and the window was up.
With help from another man, Foxx pulled Kyle out of the burning wreckage. The two broke the car window using EMT scissors, cut the seat belt and pulled Kyle out to safety.
"I grabbed the scissors from him, cut the seatbelt," Foxx said. "As we pulled him out, within five seconds later, the truck goes up (in flames)."
Council said when he got to the scene, he was surprised to see Foxx standing there talking to CHP investigators.
Ventura County firefighters and paramedics responded to the scene, and Kyle was transported to Los Robles Hospital and Medical Center for treatment. Kyle's brother, Joe Kyle, told ABC News that Brett Kyle broke his collarbone, which in turn punctured his lung, but "he would be in a much worse situation if Jamie Foxx didn't come along."
Brett Kyle was arrested for driving under the influence of alcohol.
According to Foxx's property manager Manny Ortiz, the actor suffered minor cuts and burns to his hands.
Brad Kyle, Brett Kyle's father, met with Foxx on Tuesday to thank him for saving his son's life.
"It doesn't matter to me who it was or what they do for a living," he said. "Just the idea that someone would do that is so much more than I could fathom."
"He's got two sisters and a brother. They would have lost their brother if it wasn't for him," Brad Kyle said, adding that surveillance video from Foxx's property showed other vehicles driving by and not stopping to help.
The crash remains under investigation by the CHP. If you have any relevant information, you're urged to contact the CHP Moorpark Office at (805) 553-0800.
CORRECTION: It was earlier reported that the accident happened in Moorpark, but it was in Hidden Valley.