Looks like it's from the famous Brown Derby chain of restaurants.
http://en.wikipedia.org/wiki/Brown_DerbyThere were four Brown Derby shops in Los Angeles, one of which became famous as a celebrity hang-out. The first two restaurants were constructed in 1926 (Wilshire Boulevard) and 1929 (Hollywood [the more famous one]). The Wilshire location was closed in 1980 - a mini-mall went up and the derby-shaped building was placed on the third floor of it, housing a different restaurant. The Hollywood location burned down in 1987, was renovated (with little of the original façade remaining) as a different bar/restaurant, was destroyed in the 1992 riots and is now a parking lot. The Hollywood location is famous not just for the star power but also for being the birthplace of the Cobb Salad.
The third Brown Derby opened in 1931, also on Wilshire Boulevard, but in Beverly Hills. Little was written about it in the article. It resembled the Hollywood branch, closed in the early '80s and was demolished in 1983.
In 1940, another Brown Derby opened on Los Feliz Boulevard, converted from a chicken restaurant. It closed in 1960 and was reopened under at least two other names as either a restaurant or a nightclub. At one time it was under threat of destruction to make way for housing but the L.A. City Council named it a "Historic Cultural Monument", protecting it from the wrecking ball. It's now a gastropub called Mess Hall Kitchen.
Others were opened after 1941 under a licensing agreement in Ohio as a chain which still exists today under two similar names, and there are two other licenses - Disney has them in their theme parks and MGM has them in two hotels located in Las Vegas and Detroit.
The AoS code on your Ace is a K, which combined with the time frame of these famous restaurants indicates that the deck was printed in either 1928, 1948 or 1968. Before that is impossible since no BD restaurants existed in 1907, the first year K was used in AoS codes as a dating function. It also appears to display four different locations, or at least four different images of exteriors. One of them does look like the second BD, built in '29, and there are similarities in another one to that one (probably the Beverly Hills location built in '31) so that would rule out '28. It is most likely that the deck was made in '48. I think '68 would have been on the late side - the restaurants were well past their heyday and one of the locations was no longer a BD restaurant by then.
This is pure conjecture, but I'd say this was probably not a very common deck. Decks made for a specific location or company (especially a smallish company) would be unlikely to have been made in large amounts. I would also guess that many still exist because they were souvenirs, which some people collected not as a deck of cards but as a souvenir of the restaurants or a trip to Los Angeles/Hollywood.
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