5859 Mandarin Drive, SANTA BARBARA, CA 93117
$2,750,000
Property Type:
Res Inc
Status:
Active
Current Price:
$2,750,000
List Date:
9/12/2025
Last Modified:
3/01/2026
Description
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.
More Information MLS# 25-3446
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: G11
Cross Street: Magnolia Ave
District: 30 - SB/GOL SOUTH
Street #: 5859
Street Name: Mandarin
Street Suffix: Drive
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 071-052-002
Contract Info
Seller Consider Concessions: Yes
Current Price: $2,750,000
Price: 2750000
Begin Date: 2025-09-12
Status: Active
Property Information
Year Built: 1956
Recurring Fees: No
Number of Units: 6
Neighborhood/Schools
Elementary School: La Patera
Junior High School: Other
High School: Dos Pueblos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: price
Condition
Good: 1
Foundation
Slab: 1
Proximity
Near Bus: 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 6
# Bedrooms: 12
# Baths: 6
# Half Baths: 0
Furnished: N
Rent: 2025
M/M: 1
Monthly Total: 12280
Income/Expenses
Total Monthly Income: 12280
Annual Income: 147360
Capitalization Rate: 4.47
Security
Smoke Detector(s): 1
Heating
Wall: 1
Pets
Yes: 1
Zoning
Other: 1
Reports Available
Prelim: 1
NHD: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: No
Parking Info
Garage: 1
Gar #6: 1
Flr/Wdw Coverings
Carpet: 1
Hardwood: 1
Wood/Laminate: 1
Vinyl: 1
Pub Listing Details
None: 1
Owner Provides
None: 1
Exchange
No: 1
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 ›
Listing Office:
Goodwin & Thyne Properties
Last Updated: March - 01 - 2026
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