I may be the last to know this, but many one-letter, two-number airport identifiers are keyed off of the Air Traffic Control center area in which they are located. For example, my home airport is within Oakland center's geography and is O69. Many other airports in the same area also have an "O" in the identifier. SoCal has lots of "L"s. This isn't uniform and there are plenty of exceptions. But I thought it was interesting.
(More info at Order 7350.8)
(More info at Order 7350.8)