Simplify the following text for a Grade 7 native English-speaking person.
Original: Bounded by Hope Street , Grand Avenue , 1st and 2nd Streets , it seats 2,265 people and serves ( among other purposes ) as the home of the Los Angeles Philharmonic orchestra and the Los Angeles Master Chorale .
Simplified: It is the home of the Los Angeles Philharmonic orchestra . It seats 2,265 people .