This image shows the then-recently constructed living complex known as the Park Labrea Towers. It is the largest housing development west of the Mississippi River.
The description states:
PARK LABREA TOWERS
The fabulous project of the Metropolitan Life Insurance Co., in the heart of the “Miracle Mile”, Los Angeles, Calif.
–The Miracle Mile is a district Los Angeles identified with a section of Wilshire Boulevard, which was developed with the automobile in mind and became exceptionally popular.
This image likely dates from the 1950s.