Police searching for cyclist who shot man in Rolls-Royce in Hollywood

Police on Saturday were searching for a bike-riding assailant who shot a real estate magnate at close range as the man sat parked in his Rolls Royce in Hollywood.

Kameron Segal, 48, was shot at least twice in the neck area at close range around 8:40 p.m. Friday while parked behind his business, William Holdings Inc., in the 7500 block of Sunset Boulevard, just west of North Gardner Street. He was taken to Cedars-Sinai hospital where he was reported in critical but stable condition Saturday.

Police say there was no indication of robbery but haven’t disclosed a motive in the mysterious attack.

“We are exploring all possibilities at this point,’’ said Jane Kim, a Los Angeles Police Department spokeswoman.

Authorities say the shooter -- described as a black man wearing dark clothing -- rode up on either a 10-speed or racing bicycle and attacked Segal before pedaling off. Police searched the Hollywood area but were unable to locate him.

On his website, Segal is described as the chief executive and founder of William Holdings Inc., a real estate management company with 19 apartment buildings in Los Angeles. An acquaintance at the scene told a KNBC-TV reporter that Segal was on his way to purchase a $5-million building in downtown Los Angeles.

On Saturday afternoon, blood could be seen splattered across one of the parking stalls and two men were taking photographs of the scene on their cellphones. One claimed to know Segal but declined to identify himself.

“It was a drive-by on a 10-speed,’’ the man said. “We don’t know why this happened.”

Josh Karp, a salesman at Meltdown Comics a couple of doors down from the real estate business, said he rushed outside Friday night to find out what the commotion was about.

Karp said he saw a “stark naked” man get out of the Rolls-Royce and walk to an ambulance. The man appeared to be bandaged, Karp said. “They quickly took him away,’’ he said. “It was surreal.”

Mytchell Mora, a friend of Segal, called him a keen businessman with a soft spot for hard-luck stories. When Mora told him about a mother who was living in a shelter while her young daughter underwent treatment for brain cancer, Segal donated an apartment rent-free for six months, he said. Segal did the same for a homeless woman in Hollywood, said Mora, an independent news producer.

His friend came from humble beginnings in England and made his fortune in real estate, Mora said. “We have to find the person who did this,’’ he said. “He doesn’t deserve to be shot like he’s a rabid dog.”

catherine.saillant@latimes.com

louis.sahagun@latimes.com

Times staff writers Richard Winton and Kate Mather contributed to this article.