5859 Mandarin Drive, SANTA BARBARA, CA 93117 (MLS# 25-3446)

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5859 Mandarin Drive, SANTA BARBARA, CA 93117

$2,267,076

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https://my.matterport.com/show/?m=gZgEB3DZq8j&mls=1

Property Type: Res Inc Status: Active

Current Price: $2,267,076 List Date: 9/12/2025 Last Modified: 6/22/2026

Overview

Description

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.

Listing Details MLS# 25-3446

Location Info

District: 30 - SB/GOL SOUTH
Street #: 5859
Street Name: Mandarin
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: G11
County: Santa Barbara
Parcel Number: 071-052-002
Cross Street: Magnolia Ave

Contract Info

Price: 2267076
Seller Consider Concessions: Yes
Begin Date: 2025-09-12

Property Information

Number of Units: 6
Year Built: 1956
Recurring Fees: No

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 3

Unit 1

# Units: 6
# Bedrooms: 12
# Baths: 6
Furnished: N
Rent: 2025
Monthly Total: 12280
# Half Baths: 0
M/M: Yes

More Information

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: No

Neighborhood/Schools

Elementary School: La Patera
Junior High School: Other
High School: Dos Pueblos

Condition

Good: Yes

Foundation

Slab: Yes

Proximity

Near Bus: Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 12280
Annual Income: 147360
Capitalization Rate: 6.5

Security

Smoke Detector(s): Yes

Heating

Wall: Yes

Pets

Yes: Yes

Zoning

Other: Yes

Reports Available

Prelim: Yes
NHD: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Garage: Yes
Gar #6: Yes

Flr/Wdw Coverings

Carpet: Yes
Hardwood: Yes
Wood/Laminate: Yes
Vinyl Plank: Yes

Pub Listing Details

None: Yes

Owner Provides

None: Yes

Exchange

No: Yes

Property Features

Unit 1: M/M Condition: Good Foundation: Slab Parking Info: Garage; Gar #6 Proximity: Near Bus; Near Shopping Laundry: Laundry Room Security: Smoke Detector(s) Heating: Wall Pets: Yes Owner Provides: None Zoning: Other Reports Available: Prelim; NHD Exchange: No Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None

Documents

Property Prospectus ›

Preliminary Title Report ›

Plot Map ›

NHD Report ›

City of Goleta Public Building Records ›

Receipt for Reports #1 & Attached List ›

Listing Office: Goodwin & Thyne Properties

Last Updated: June - 22 - 2026

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