This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,925,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
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.
Full Property Details
Full Property Details for 5859 Mandarin Dr
General
- Sold For: $1,925,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 25-3446
- Added to Site: 404 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: Garage
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
Sold by Douglas Elliman of California, Inc.
Get Pre-Approved Today
Schools
Schools serving 5859 Mandarin Dr
School Districts:Goleta Union Elementary School District, Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Kellogg Elementary School 475 Cambridge Drive, Goleta, CA 93117 | K-6 | 0.7 mi |
Goleta Valley Junior High School 6100 Stow Canyon Road, Goleta, CA 93117 | 7-8 | 1 mi |
Dos Pueblos Senior High School 7266 Alameda Avenue, Goleta, CA 93117 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5859 Mandarin Dr
Date
Details
Price
Change
Source
10/06/2026
Sold
$1,925,000
-15.09%
MLS
6/22/2026
Price Reduced
$2,267,076
-8.77%
MLS
5/15/2026
Price Reduced
$2,485,000
-9.64%
MLS
3/01/2026
Price Reduced
$2,750,000
-8.18%
MLS
11/05/2025
Price Reduced
$2,995,000
-9.24%
MLS
9/12/2025
Listed
$3,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5859 Mandarin Drive, Santa Barbara, CA 93117 (MLS# 25-3446) is a Multi-Family property that was sold at $1,925,000 on October 06, 2026. 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.

