At 3:43 a.m. on Saturday, the agency tweeted that SWAT officers entered the home and found an unresponsive male who was pronounced dead at the scene.
The incident began on Friday at around 5 p.m. PT at a Sherman Oaks home when Honeycutt's mother had called the police due to her son acting "erratically". This is still an ongoing barricaded situation with SWAT officers on scene.
A lieutenant with the Los Angeles County Coroner's Office declined comment to Yahoo Sports on Saturday morning and said he could not yet release the name of the deceased.
Police have not yet determined if the suspect died from the earlier exchange of gunfire, as they believed he was still alive throughout the standoff and were unsure if the suspect had been shot during altercation.More news: EU Parliament to vote on controversial copyright law
More news: Dublin faces water restrictions as lush Ireland swelters
More news: Bus driver charged in Canada hockey team crash with 16 dead
Investigators from the department's Force Investigation Division will investigate the incident.
Honeycutt played for the Bruins from 2009 to 2011.
The Kings traded Honeycutt to the Houston Rockets in 2013. Family members identified the man as Tyler Honeycutt, a former UCLA basketball player who had a brief career in the NBA.
Honeycutt had played for UCLA for two years at UCLA under former head coach Ben Howland. He also had stints with Israeli team Ironi Nahariya and in Turkey with Anadolu Efes.
Basketball reporter David Pick said that Honeycutt was working on an NBA comeback and even tried out for the Oklahoma City Thunder.