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Sold on 08/18/2026

5859 Mandarin Dr, Goleta, CA 93117

$1,925,000

Last sold 08/18/2026 after 340 Days

  • 12

    bed

  • 6

    bath

Multi-family not for sale
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About 5859 Mandarin Dr

Property type Multi-family
Neighborhood
Year built 1956
HOA fee $0/month
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.
Listed by
Listing Agent - Marcos Lazaro
Listing Office - Goodwin & Thyne Properties
Source: Santa Barbara AOR mls logo
MLS#25-3446 • last updated 2 weeks ago
Movoto checked Santa Barbara AOR for data 1 hour ago
Overview
Heating Wall Furnace
MLS # 25-3446
Virtual Tour N/A
Status Closed
Condition Good
Year Built 1956
Interior
Laundry Laundry Room
Flooring Vinyl, Carpet, Hardwood, Wood/Laminate
Exterior
Foundation Slab
Parking Garage
Lot Features Near Public Transit
Location
Area 30 - SB/GOL SOUTH
Elementary School La Patera
Middle School Other
High School Dos Pueblos
APN 071-052-002
Multifamily Details
Owner Pays None
Total # of Units 6
Total Rent 12280
Gross Income 147360
  • Oct 2026
    mls logo MLS # 25615465
  • Oct 6, 2026 Sold
    $1,925,000
  • Aug 18, 2026 Pending
    —
  • Aug 18, 2026 Active
    —
  • Jun 22, 2026 Price Change
    $2,267,076 (-8.8%)
  • May 15, 2026 Price Change
    $2,485,000 (-9.6%)
  • Nov 5, 2025 Listed
    $2,995,000 (-4.9%)
  • Oct 2026
    mls logo MLS # 25-3446
  • Oct 6, 2026 Sold
    $1,925,000 (-15.1%)
  • Aug 18, 2026 Pending
    —
  • Mar 1, 2026 Price Change
    $2,750,000 (-8.2%)
  • Oct 2, 2025 Price Change
    $3,150,000 (-4.5%)
  • Sep 12, 2025 Listed
    $3,300,000
  • Year Property taxes Tax assessment
  • 2024
    $6,021 +1.0%
    $296,880 +4.04%
  • 2023
    $5,963 +1.1%
    $285,354
  • 2022
    $5,897 +1.0%
    $285,354 +2.0%
  • 2021
    $5,838 +1.4%
    $279,760 +2.0%
  • 2020
    $5,755
    $274,276
  • 5859 Mandarin Dr
    $1.92M
  • Old Town Goleta
    $659K -38% y/y
  • 93117
    $1.39M 0% y/y
  • Goleta
    $1.47M +5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • CA
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  • 5859 Mandarin Dr
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