1408 3rd Street Bayfront location across from the water with unobstructed ocean views, this distinctive Los Osos property offers 3 bedrooms, 2 bathrooms, and a versatile layout with professional office/commercial live-work potential, all just moments from local eateries, shopping, and coastal amenities. The main entrance opens into a spacious downstairs living area currently used as a private third-bedroom suite, complete with a walk-in closet, ensuite bath, and additional storage. Ideal for extended family, guest quarters, or live-work flexibility. Upstairs, the open-concept living room and dining area are filled with natural light and positioned to capture sweeping bay views. A Valor Homeflame gas fireplace adds warmth and character, while the oversized balcony provides ample space for outdoor seating to take in coastal sunsets. The vintage kitchen offers exceptional storage, timeless character, and a convenient breakfast counter. The upstairs primary bedroom features a Hollywood bath with access to the hallway laundry area, while a second well-appointed bedroom completes the upper level. A darling backyard features a detached studio, offering additional flexible space and coastal charm. A rare opportunity to enjoy sweeping ocean vistas, versatile living, and one of Los Osos’ most sought-after neighborhoods.