This has to be the best vintage shot of the Globe Theatre entrance I've seen.
The Globe is at 740 Broadway with the auditorium now refurbished and being used as Club 740. In the photo we're in the 40s with the theatre being called the Newsreel.
The photo was discovered by Kenneth McIntryre who put it on his new Facebook page Photos of Los Angeles. Thanks, Kenneth!
More on the theatre is on the Globe Theatre page.