I've been in LA a couple of years now but have found myself laughing my butt off at The Comedy and Magic Club more than half a dozen times now. Not once has it disappointed. The talent is top-notch, from excellent amateurs to the well-known. It has a great atmosphere, the service is good, the prices very decent. I have taken dates, groups of friends, and my parents, and everyone has always had a great time. By way of comparison, I've been to the Hollywood Improv 3 times now and it was a miserable experience each time. One of the shows, about half the audience was gone before it was over. Even the worst show I have seen at The Comedy and Magic Club I would consider good.
Pros: Consistently Great Acts
Cons: None that I have experienced