Taix is one of the oldest restaurants in Los Angeles and one of my favorite places to go. The food is good, French style cuisine, but they don't charge an arm and a leg for it. They have a different, very reasonable special for every day of the week.
They have an excellent wine list, large and diverse. Even better, the mark up is very light, maybe $5 dollars or so a bottle over retail. They have beer on draught and a really nice selection of liquors as well.
They do a little bit of everything there. They have an elegant dining room and several banquet rooms. They also have a really friendly bar that shows sports on a big screen TV and, naturally for Echo Park, have pretty good bands that play in the evening. It can be a romantic place to hold a date, a hall to hold a party or, the way I usually use it, a nice place to kick back in the evening and get a drink and a bite.