Video obtained by Eyewitness News shows street racers taking over the intersection of South Western Avenue and West Century Boulevard just before midnight.
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The footage shows several drivers doing "donut" stunts.
At one point, a passenger was seen hanging out of a car window as the driver drove dangerously close to crowds who had gathered to watch.
After a while, the Los Angeles Police Department showed up with their helicopter to break up the gathering.
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No injuries were reported. The incident was eventually cleared as well without further incident.