I was here for the Little Bird Comedy Festival in March. A definite no-thrills theatre with very basic amenities. There was seating for about 45 in the small stage area - you're about 15 feet from the performers. An incredibly intimate, boutique-style experience.
They do have a small bar with canned sodas/beers/some wine - I didn't get a look at the prices, but I'm sure they're reasonably inexpensive since it's such a small venue.
Street parking only.