$2,485,000
$815K PRICE DROP

5859 Mandarin Dr Goleta, CA 93117

Estimated payment $15,894/month

Total Views 52,101
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near public transit, shops, and bus stop
  • Wood Flooring
  • Garage
  • Kellogg Elementary School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

Tons of potential! Month to month leases on this 6-unit multifamily in prime Goleta with strong rental demand and future upside. Each 2BD/1BA unit offers efficient layouts with patios or decks and mountain views. Amenities include garages with storage, on-site laundry, and ample parking. Located near UCSB, Old Town, and major employers, this property benefits from consistent tenant demand. All tenants are month-to-month with signed estoppels in hand including one year lease rejections—positioning this asset for rent growth and long-term value. ADU Potential.

Listing Agent

Marcos Lazaro

Goodwin & Thyne Properties License #01770439 Listed on: 09/12/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Parking

  • Garage

Home Design

  • Slab Foundation

Flooring

  • Wood
  • Carpet
  • Vinyl Plank
  • Vinyl

Schools

  • La Patera Elementary School
  • Dos Pueblos High School

Additional Features

  • Laundry Room
  • Property is in good condition
  • Property is near public transit, shops, and bus stop
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 071-052-002
  • Seller Considering Concessions

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 6 Units
  • Gross Income $147,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1956
  • Income Expenses Annual Income: 147360.0
  • Capitalization Rate: 4.47
  • Monthly Income: 12280.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Flooring: Vinyl, Carpet, Hardwood, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1956
  • NeighborhoodSchools Elementary School: La Patera
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Dos Pueblos
  • Foundation:Slab: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Pets Yes: Yes
  • Parking Info Gar #14: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Garage

Utilities

  • Heating: Wall Furnace
  • HeatingYN: Yes

Schools

  • Elementary School: La Patera
  • High School: Dos Pueblos
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 071-052-002
  • Zoning: Other

Rental Info

  • Owner Pays: None

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 147360.0
  • Total Actual Rent: 12280.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/15/2026 05/15/26 Price Changed $2,485,000 -9.6% --
03/01/2026 03/01/26 Price Changed $2,750,000 -8.2% --
11/05/2025 11/05/25 Price Changed $2,995,000 -4.9% --
10/02/2025 10/02/25 Price Changed $3,150,000 -4.5% --
09/12/2025 09/12/25 For Sale $3,300,000 -- --
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-3446

Santa Barbara Multiple Listing Service
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