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Goleta, CA

$2,267,076

5859 Mandarin Drive, Goleta, CA
12
Beds
6
Baths
5,027
Sq Ft
1956
Built
229
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
12
Bathrooms
0 full, 0 half
Living area
5,027 sq ft
Appliances
Refrigerator, Dryer, Washer
Heating
Wall Furnace
Cooling
None
Levels
Two
Exterior & lot
Lot size
0.15 acres (6,534 sq ft)
Architectural style
Traditional
Year built
1956
Parking spaces
6
Community
Area
GLTA - Goleta
County
Santa Barbara
Listing details
Status
Active
Property type
Residential Income
Days on market
229
Listed
2025-11-05
Original price
$2,995,000
Parcel #
071052002
MLS #
25615465
Listed by
John Thyne · Goodwin & Thyne Properties Inc

Location

Price history

Listed
$2,995,000 · 2025-11-05
Price reduced
$2,267,076 (−$727,924)
Days on market
229
Current price
$2,267,076
Financing

Could this home be yours?

Estimated monthly payment
$14,222
$11,464 principal & interest · $2,758 taxes & insurance
$453,415
Estimate only
Loan $1,813,661

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What's your home worth?

Estimated value range nearby
$5,222,794$6,131,107

A rough estimate from current nearby price-per-square-foot — not an appraisal. A precise valuation considers condition, upgrades and recent sales.

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Listing data provided by CRMLS

Listing courtesy of Goodwin & Thyne Properties Inc. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 30, 2026 Equal Housing Opportunity.

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