Located just a stone's throw from world famous Brooks Street and Oak Street beaches, 1136 Gaviota includes both a Single Family Residence and prime location Retail Space, allowing for total living flexibility and income potential! The 3 bedroom, 3 bathroom home features 1,660 square feet of living space, a two-car garage, an open layout indoor-outdoor floor plan, and ocean views. Meanwhile the unattached 640 square foot fully leased retail space sits on PCH right in the heart of Laguna's HIP District. Upon entering the home, you are greeted by a flood of natural light and ocean breeze. The open floor plan begins in the living room that includes a stunning fireplace and attached deck with sizable sliding glass doors. Next is the dining area with bar counter that leads to the beautifully appointed kitchen featuring granite countertops, built-in countertop range, custom panel refrigerator, stainless steel appliances, and exquisite custom cabinetry. On the same level, the bedroom suite includes a spacious attached patio and en-suite bathroom with walk-in shower. Moving upstairs, the master bedroom suite occupies the entire third floor and features an attached deck with beautiful ocean views, a large walk-in closet, and an upscale en-suite bathroom. Downstairs, the bottom level bedroom has a studio apartment design complete with a private en-suite bathroom and kitchenette with seating area. There is a custom elevator that accesses all three floors! The retail space, with a separate address of 1143 South Coast Highway, exudes a light, bright, cozy, and cheerful design and is currently leased to Southern California clothing brand Aviator Nation. With a plethora of options for both full-time residency, part-time residency, or income producing, this unique property is not to be missed!