SHERMAN OAKS (CBSLA) – Police are searching for two suspects in an armed home invasion in Sherman Oaks early Wednesday morning in which a man was shot and wounded.

Two men wearing white surgical masks invaded the upscale home at around 6 a.m. in the 15000 block of Valley Vista Boulevard, according to Los Angeles police, and fired several shots. Two handguns were possibly used in the robbery, in which a purse and some cash was taken, police said.

Angry neighbors told CBS2’s Dave Lopez the incident took place at “a party house.” The home sold for just less than $2 million about four months ago.

One man was shot and wounded during the incident, and a second was grazed with a bullet, police said. The injured man was rushed to a hospital in unknown condition.

Neighbors told CBS2 the home is often rented out. There was a party at the home Tuesday night, neighbors said, that lasted well into the morning hours.

Nearby Sherman Oaks Avenue were closed in both directions as police searched for the men, who may have fled in two vehicles: a black BMW 3 Series and a black Ford Expedition. The suspects were still at large as of Wednesday afternoon.

The first suspect was described as 5-foot-8 and 170 to 180 pounds with dark clothing. The second suspect was described as 27 to 28 years of age, 5-foot-11 and 210 pounds, also with dark clothing.

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