The still unnamed victim, reportedly 63 years old, was wounded after a man snatched away his bag in front of a bank along Gil Puyat Avenue.
A radio report quoted witnesses as saying that the man was walking towards the bank when the hold-upper drew his firearm, shot the victim and grabbed his bag.
The suspect was seen fleeing from the scene carrying the victim’s bag.
One witness said the suspect was wearing a jacket, denim pants and rubber shoes. A cohort of the robber aboard a motorcycle reportedly served as a lookout, the witness added.
Responding personnel have brought the holdup victim to a hospital for medical treatment.