5859 Mandarin Drive, Santa Barbara, CA 93117

Santa Barbara
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
5859 Mandarin Drive,Santa Barbara, CA 93117
$2,267,076
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: marcos lazaro
Office: goodwin & thyne properties
MLS#:25-3446
Source:SBAOR

Price summary

  • Price:$2,267,076

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1956
  • Listing ID #:25-3446
  • Added:322 day(s) ago
  • Updated:August 01, 2026 at 02:36 PM

Rooms and interior

  • Flooring:Carpet, Hardwood, Vinyl, Wood/Laminate

Heating and cooling

  • Heating:Heating, Wall Furnace

Structure and exterior

  • Year built:1956
  • Lot Features:Near Public Transit
  • Foundation Description:Slab

Schools

  • High school:Dos Pueblos
  • Middle school:Other
  • Elementary school:La Patera

Finances and disclosures

  • Price:$2,267,076

Features and amenities

  • Laundry features:Laundry Room
Based on information from the Santa Barbara MLS as of August 1, 2026 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

New listings near 5859 Mandarin Drive