[Historybuff]

It is most likely Playa del Rey, which is a small beach community below Venice, very close to LAX (in fact under the flight path). Shelby later owned an apartment house there and possibly one or two private homes. It was 5 minutes drive to the LAX Shelby factory.
Shelby had the first Cobra polished out to a high sheen and even lettering put on the side writ large. There are pictures in several books of him driving his secretary/girlfriend around Willow or maybe Riverside in the car so finished, maybe before it was painted yellow by Dean Jeffries. I wish I had that picture because it shows Shelby before he became the big businessman he became in the next couple of years--he almost looks like a hobbyist proud of what he built in his back yard (or Dean Moon's rented garage).