Walker's publicist Ame van Iden confirmed his death, but said she could not elaborate beyond statements posted on Walker's official Twitter and Facebook accounts.
Walker was a passenger in a friend's car and both were attending a charity event for his organization, Reach Out Worldwide, in the community of Valencia in Santa Clarita, about 30 miles north of Hollywood.
The website for the charity said the Saturday event was intended to benefit victims of Typhoon Haiyan in the Philippines.
The crash took place about 3:30 p.m. (6:30 p.m. ET), about 300 yards from the office park where the event was held.
The Santa Clarita Valley Signal, citing a sheriff's deputy at the scene, said a red Porsche appeared to have lost control.
Deputies arrived at the scene to find a vehicle on fire, the sheriff's department said in a statement.
Once fire crews put the flames out, they found two occupants, both of whom were pronounced dead at the scene.
Saturday evening, all that remained was the burnt mangled metal of the car and a light pole that had been knocked down.
Firefighters spray water on the wreckage of the Porsche that crashed in Valencia, Calif., on Saturday.
A sheriff's deputy at the scene of a crash in Valencia, Calif., where Paul Walker and another person were killed when a Porsche crashed Saturday.
Crash site: Sheriff deputies work near the wreckage of the Porsche sports car that crashed into a pole on Hercules Street near Kelly Johnson Parkway in Valencia on Saturday. Photo: AP
Horror crash: First responders gather evidence near the wreckage of a Porsche sports car that crashed into a light pole on Hercules Street near Kelly Johnson Parkway in Valencia on Saturday, November 30, killing actor Paul Walker
A Porsche GT like the one Paul Walker was riding in California when he died Saturday, according to TMZ.
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