The suspect barricaded himself inside the home, so police set up a perimeter and called in a SWAT team, according to LAPD Officer Jeff Lee. At least 30 residents surrounding the home were evacuated as a precaution.
Police received a call around 5 p.m. Friday from Honeycutt's mother that her son "acting erratically".
Family members have identified the suspect as Honeycutt, according to multiple news outlets in Los Angeles. The LAPD says Honeycutt appears to have suffered self-inflicted wounds. When officers arrived, the man opened fire at the officers, who returned fire.
Honeycutt was a UCLA basketball star, earning All-Pac-10 first team honors in 2011 as a sophomore, before being drafted by the Kings in the second round. He played just 24 games in the National Basketball Association across two seasons in Sacramento before he was traded in February 2013 to the Houston Rockets, who waived him a month later.
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The fire department responded to the incident, the department said, and pronounced the suspect dead.
After being waived by the Rockets, Honeycutt went to Europe, where he most recently played with BC Khimki in Russian Federation.
The Kings traded Honeycutt to the Houston Rockets in 2013.
Honeycutt, 27, was the No. 28 ranked player in the country coming out of Sylmar High School in California. For the past few years, he had bounced back and forth between Khimki and Anadolu Efes in Turkey.