The Formosa was once a legendary place for the stars of old to hang out, eat, and drink, but now it's more of a dive bar with a history. The still serve pretty decent though slightly expensive upscale Chinese cuisine, but nobody really goes here for the food... you go for the decor and the stiff drinks. The classic red exterior and interior remains, the booths are comfy, and the black and white photos of Bogey, Sinatra, The Duke, and the rest provide some Hollywood history. When I lived down the street from the place, this was my go-to watering hole.
A little trivia... the scene where Lana Turner throws her drink in Exley's face because he accuses her of being a hooker "cut to look like Lana Turner" in LA Confidential was shot here... because there are few places still standing that carry so much Hollywood history in their bones. The place is no longer what it once was, but who or what is? I still love you, Formosa.