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Los Angeles Fire Department paramedics responded to the scene and pronounced the man dead at the scene.
The moments leading up to the shooting – including a confrontation between the two men – are still under investigation, police said.
The man in custody told officers that he opened fire after the other man had brandished a gun at him.
Detectives viewed surveillance video and it showed a man driving his vehicle at a very slow speed in the neighborhood. The suspect approached, but the shooting was not captured on video.
Detectives recovered two handguns from the scene.
Details about the dead man s identity is being withheld, pending next of kin notification.