5859 Mandarin Dr Goleta, CA 93117
Estimated payment $17,561/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
MLS Number: 25-3446
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