Police were searching for the two suspects in a robbery and double-shooting early Wednesday at a pricey home in Sherman Oaks that neighbors said has been rented out to tenants over the last six months throwing parties attended by hundreds of people.

Two men were shot and wounded during the home-invasion robbery, said Los Angeles Police Department spokeswoman Officer Rosario Herrera. She said both victims are in stable condition.

One was shot in the arm and transported to a local hospital. The other was grazed by a bullet on his arm and treated at the scene.

The incident began at 6:10 a.m. when two Hispanic men with handguns entered the residence at 15373 Valley Vista Boulevard through the rear door, Herrera said.

They demanded money from those who were inside, then fired their weapons, striking the two men.

The suspects fled in two vehicles — a black Ford Expedition SUV and a black 3-series BMW sedan — with items from the home and an unknown amount of cash, police said.

Officers from the LAPD’s West Valley Division found out about the robbery when they responded to the report of a shooting victim who showed up to a nearby hospital. After talking to the victim there, they went to the home and found the second victim, who was treated at the scene.

Neighbors who spoke to police early Wednesday following the robbery said they were told that the two suspects were at a party at the home that stretched into the early morning hours.

Dick Taylor, who has lived for 33 years at the home kitty-corner to the residence where the crime occurred, said his wife was told by police that the suspects left the party at around 5 a.m., then returned to rob the other party-goers.

Taylor said his wife heard the shots. “She heard a a ‘pop, pop, pop’ at just about 6 a.m.,” he said.

Taylor said his wife didn’t think anything of the sounds at the time, attributing them to the noisy 101 Freeway nearby. But when he woke up at around 7 a.m., both he and his wife looked out their bedroom window to see 20 to 30 police surrounding the other home.

Both Taylor and other residents who live nearby said they were already upset at the increased activity at the home that has picked up in the last six months. Mitchell Moadeb, who lives just across the street, said at least one party at the home drew 400 to 500 people, who filled up the neighborhood’s streets with cars.

Taylor said neighbors believe the owner of the home is a Lancaster doctor. Both he and Moadeb said the doctor does not live at the home, but since buying it November last year has been renting the place out to tenants who throw the large parties.

The home can be found on the short-term rental website Airbnb, as well as several real estate videos on Youtube. The listing on Airbnb prices the home at $2,500 a night.

No arrested have been made, Herrera said. Anyone with information about the crime can call detectives at the West Valley Division at 818-374-7730, or (877) LAPD-247.