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12 Beds
6 Baths

$2,267,076

5859 Mandarin Drive, SANTA BARBARA CA, 93117

Built in1956
Property typeResidential
Courtesy of Marcos Lazaro, Goodwin & Thyne Properties

Overview

Pending

Listed Sep 12, 2025

Updated 4 weeks ago

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.

$15,083/mo

Est. mortgage payment based on a $2,267,076 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
25-3446

Interior Features

Bedrooms
12
Bathrooms
6
Heating
Yes
Basement
No

Other Property Details

Pets Allowed
Yes

Listed by Goodwin & Thyne Properties, Marcos Lazaro,
Listing Contact: [email protected] 

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Data last updated 7:53 AM UTC, 8/19/2026

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