5859 Mandarin Dr Goleta, CA 93117
Estimated payment $14,440/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
A 6.5% cap rate! 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
Utilities
- Wall Furnace
- Heating System Mounted To A Wall or Window
Additional Features
- Laundry Room
- Property is in good condition
- Property is near public transit, shops, and bus stop
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
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 |
|---|---|---|---|---|
| 06/22/2026 06/22/26 | Price Changed | $2,267,076 | -8.8% | -- |
| 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
MLS Number: 25-3446
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