It happened just after 10 p.m. at La Cienega Boulevard and W 3rd Street where approximately 500 people gathered to watch.
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Video obtained by Eyewitness News shows a vehicle doing "donuts" in the middle of the street. The footage also shows what appears to be a Christmas tree up in flames.
The Los Angeles Police Department said officers responded "within minutes" and quickly shut the takeover down.
No injuries were reported.
Street takeovers continue to be a growing concern for law enforcement after an innocent woman was killed last month during a takeover in Hyde Park. Police said a driver doing "donuts" hit her while she was walking nearby.
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