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Courtesy of Marcos Lazaro, Goodwin & Thyne Properties

For Sale

5859 Mandarin Drive

5859 Mandarin Drive, SANTA BARBARA, CA 93117

$2,267,076

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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12
beds

6
baths

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Features & Amenities

Interior

total bedrooms12
Total bathrooms6
full bathrooms6
Laundry room Laundry Room
Flooring Vinyl, Carpet, Hardwood, Wood/Laminate

Area & Lot

Status For Sale
MLS® ID25-3446
TypeResidential
YEAR BUILT1956
Elementary SchoolLa Patera
Middle SchoolOther
High SchoolDos Pueblos

Exterior

lot featuresNear Public Transit
parkingGarage
HEAT TYPEWall Furnace
SubstructureSlab

Financial

Sales Price$2,267,076
Zoning Other

Download Property Information

Property Prospectus_5859 Mandarin Dr.pdf

Prelim_5859 Mandarin Dr Redacted.pdf

NHD Report (1).pdf

FWVE-7742500644_Plots.pdf

_Disclosure Package tbs buyer & BA.pdf

City of Goleta 5859 Mandarin Drive RESPONSE_Redacted.pdf

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Contact Details

Goodwin & Thyne Properties

Phone

(805) 899-1100

[email protected]

Address

2000 State St Santa Barbara CA 93105 Goodwin & Thyne Properties Inc. CA DRE# 01477382

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