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$2,995,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 5859 Mandarin Dr

General

  • Price: $2,995,000
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 25-3446
  • Updated: 12/29/2025
  • Added to Site: 126 day(s) ago

Interior

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

Rooms

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Security/Safety: Smoke Detector

Parking

  • Parking Features: Garages, Gar #6

Location

  • Area: 30 - SB/GOL SOUTH
  • County: Santa Barbara
  • Cross Streets: Magnolia Ave

School Information

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

Community

  • Pets Allowed: Yes
  • Pet Restrictions: Yes

Structural Information

  • Foundation: Slab
  • Year Built: 1956
  • Property Condition: Good

Lot Features

  • Lot Features: Near Public Transit
  • Zoning: Other

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Reports: Prelim
  • Property ID: 071-052-002

Listed by Goodwin & Thyne Properties

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Listing agent

— 5859 Mandarin Dr —

  • Goodwin & Thyne Properties

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5859 Mandarin Dr

School Districts:Goleta Union Elementary School District, Santa Barbara Unified School District
NameGradesDistance
Kellogg Elementary School
475 Cambridge Drive, Goleta, CA 93117
K-60.7 mi
Goleta Valley Junior High School
6100 Stow Canyon Road, Goleta, CA 93117
7-81 mi
Dos Pueblos Senior High School
7266 Alameda Avenue, Goleta, CA 93117
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5859 Mandarin Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/05/2025
Price Reduced
$2,995,000
-9.24%
MLS
9/12/2025
Listed
$3,300,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5859 Mandarin Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,085
1%
$296,880
2%
2024
$6,021
1%
$291,060
2%
2023
$5,963
1%
$285,354
2%
2022
$5,897
1%
$279,760
2%
2021
$5,838
1%
$274,276
1%
2020
$5,755
1%
$271,464
2%
2019
$5,696
3%
$266,142
2%
2018
$5,540
2%
$260,925
2%
2017
$5,421
7%
$255,809
2%
2016
$5,052
1%
$250,794
2%
2015
$5,021
-2%
$247,028
2%
2014
$5,102
—
$242,190
—
2013
$5,090
—
$241,097
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Goodwin & Thyne Properties

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5859 Mandarin Drive, Santa Barbara, CA 93117 (MLS# 25-3446) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 5859 Mandarin Drive is currently listed for $2,995,000 and was received on September 12, 2025. Want to learn more about 5859 Mandarin Drive? Do you have questions about finding other Multi-Family real estate for sale in Santa Barbara? You can browse all Santa Barbara real estate or contact a Coldwell Banker agent to request more information.

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