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One person was killed and four others were wounded when a robbery ended in a shooting early Friday in the Hollywood Hills, police said.

The incident happened around 2 a.m. when two men were standing outside of a multi-million dollar home located in the 1400 block of Blue Jay Way, the Los Angeles Police Department reported.

Two people in ski masks then got out of a car, at least one of them armed with a handgun, and forced the men onto the ground, according to police

“They prone the men out, made them lay on the ground and they removed what’s being described now as high-value property from the men,” LAPD Det. Meghan Aguilar told KTLA.

Law enforcement sources told the Los Angeles Times the men had followed a Rolls-Royce to the mansion of Richard Saghian, chief executive of fast-fashion brand Fashion Nova.

Police later said the robbers were after watches and jewelry.

At the same time, a security guard came out of one of the homes and there was an exchange of gunfire between the security guard and the suspects, prompting them to get back into their vehicle where a third person was waiting.

The security guard was shot in the abdomen and was taken to a hospital in critical condition.

Both of the victims on the ground were also shot, and so were the two assailants, Aguilar said.

After the shooting, the suspects fled in a light-colored Audi. They were located a short time later by police in the area of Doheny Drive and Santa Monica Boulevard in Beverly Hills.

One of the suspects was found with a gunshot wound to the abdomen and pronounced dead at the scene. A second suspect had been shot in the ankle and was transported to a local hospital in stable condition. The third suspect, the driver who was not injured, was taken into custody. 

Police said they found a firearm inside the suspects’ vehicle.   

None of the individuals have been identified.

Police believe the motive was to steal the property.

“What the connection is, whether they knew these people would have this property on them, it’s hard to say at this point,” Aguilar said.