Great photo of the Arrow Theater where all seats were 10 cents for Spanish language films. This vantage point is looking up Main St at the back of the circa 1909 Higgins Building which is still extant at Second and Main. The building is now lofts and the basement is the home of a hugely popular night spot called The Edison. Appropriate name in that the building at one time housed the first So. Cal. Edison power plant.
I really like the Mobile Oil / Mobilgas sign!
photo credit Blog Los Angeles
The same view today and according to public records, the building far left, is the Arrow Theater building erected in 1902.
Google streetview
~Jon Paul