I can't believe this place has been open over a year and I just found it! The clothes are super cute - party-girl clothes and some more relaxed stuff. A lot of it is the unique style you'd find at a place like Anthropologie. I bought 2 items and they were both made by small designers in LA that I had never heard of. Best of all is the price - shirts for $20, dresses for $40, and I didn't see anything much over that.
It's located in the super-cute market at Tivoli Village, but unfortunately for me, that's on the other side of town.