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
$1,925,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: marcos lazaro
Office: goodwin & thyne properties
MLS#:25-3446
Source:SBAOR

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Price summary

  • Price:$1,925,000

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.

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Home facts

  • Year built:1956
  • Listing ID #:25-3446
  • Added:417 day(s) ago
  • Updated:November 04, 2026 at 08:32 AM

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:$1,925,000

Features and amenities

  • Laundry features:Laundry Room
Based on information from the Santa Barbara MLS as of November 4, 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.

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