A shot in the dark. There's a Nuway Market listed at 6101 Holmes Ave. on the corner of 61st Street. The GSV image is in the right framing with the side street and Holmes Ave. to the left. An older GSV image has a sign written Nuway as well as one written Nu-Way. Link:
GSV
Zillow, Movoto, Trulia and Loopnet all list a home residence at this 6101 address built in 1930, and all linked photos on those sites go to this Market location, showing a residence to the right. Listed as South Los Angeles, Florence-Graham area, west of Huntington Park.
By the way, the 1929 photo has the spelling on the top signage as Nu·Way and on the bottom as Nuway.
Someone, me I guess, has to mention the camera positioning showing the sign spelling: RAPE JUICE.