I stayed in the guest house and it was great for us. Very quiet neighborhood. Tesuque market open 7 days a week is the closest for coffee, water, etc. also right next to the Farmers Market on Friday mornings. Between the beach and Abbot Kinney (across the street from the canals). Close enough to the beach where it doesn't feel like a chore to go down there but far enough where you can disconnect from the crowds.
So many great spots to eat, sit, engage, skate, etc.