SYLMAR - The FBI and Los Angeles Police Department are investigating one of the largest cash heists in the city’s history.

As much as $30 million was stolen from a San Fernando Valley money storage facility, a law enforcement source briefed on the investigation told CNN Thursday.

The burglary happened on the night of Easter Sunday at an unnamed facility in Sylmar where cash from businesses across the region is handled and stored.

The Los Angeles Times first reported the incident.

The FBI Los Angeles office told CNN Thursday they are investigating “a large theft” in the San Fernando Valley and are working jointly with the LAPD, but would not share any other details citing an ongoing investigation. The LAPD referred all comment to the FBI.

Burglars gained access to the building and entered the vault without setting off the alarms and investigators believe it is a sophisticated group based on their ability to evade detection, the source said.

Story Date: April 8, 2024