I was walking home from the gym, looking south-west on the street. Object was directly below the strange "star" which has been in the sky for months to the south-west that brightens then dims and is visible from before sunset (this "star" has been under debate as to what it is. But it is extremely bright and is visible before any other stars in the night sky). The object I saw had 3 lights total. Two green and one red. The two green lights were constant while the red light blinked like a beacon light on an airplane. Object made very strange maneuvers. It oscillated back and forth while descending at about 50 ft per interval. It would descend, then remain stationary at a certain elevation while oscillating from left to right, then descend and remain stationary, etc. It moved VERY fluidly. I am very familiar with helicopter flight behavior growing up in San Diego around a lot of military craft. This moved very differently. It had three lights total, would move side to side, then descend, then move side to side, then descend. At the final descent it moved very quickly straight down over the ocean. The reason I know it was some sort of exotic craft was the way it made left to right movements, hovered, and descended. It was not like any helicopter or plane I have ever witnessed. Also, the lights on the craft were not like any of the other beacon lights I have ever witnessed. First of all they were green and red, not white and red. And the two green lights remained fixed while the red light blinked intermittently.
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