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  • $1,925,000

    5859 Mandarin Dr, Goleta, CA 93117

    12beds
    6baths
    --sqft
    Multi Family
    Built in 1956
    -- sqft lot
    $1,932,300 Zestimate®
    $--/sqft
    $2,668 Estimated rent

    Home value

    $1,932,300

    $1.76M - $2.13M

    $2,668/mo

    Zestimate® history
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    $2,668/mo

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    $2,668/mo

    Rent Zestimate®

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    $12,834/mo

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    $12,834/mo

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    What's special

    Efficient layoutsMountain viewsAmple parkingPatios or decksOn-site laundryGarages with storage
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marcos Lazaro 01770439 805-637-9121,

    Goodwin & Thyne Properties

    Bought with:

    Adam A McKaig, 01237501

    Douglas Elliman of California, Inc.

    Melissa Borders, 01909480

    Source: SBMLS,MLS#: 25-3446MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    Heating
    • Wall Furnace
    Appliances
    • Laundry: Laundry Room
    Features
    • Flooring: Carpet, Hardwood, Wood/Laminate
    • Has fireplace: No

    Property

    Parking
    • Parking features: Garage
    Lot
    • Features: Near Public Transit
    Details
    • Parcel number: 071052002
    • Zoning: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Foundation: Slab
    Condition
    • Good
    • Year built: 1956

    Community & HOA

    Location
    • Region: Goleta

    Financial & listing details

    • Date on market: 9/12/2025
    • Cumulative days on market: 341 days
    • Listing terms: Conventional,Cash
    • Total actual rent: 12280

    Price history

    DateEventPrice
    10/6/2026Sold$1,925,000-15.1%
    Source: SBMLS #25-3446 Report a problem
    9/24/2026Pending sale$2,267,076
    Source: CLAW #25615465 Report a problem
    8/19/2026Contingent$2,267,076
    Source: CLAW #25615465 Report a problem
    8/18/2026Pending sale$2,267,076
    Source: SBMLS #25-3446 Report a problem
    6/22/2026Price change$2,267,076-8.8%
    Source: SBMLS #25-3446 Report a problem
    5/15/2026Price change$2,485,000-9.6%
    Source: SBMLS #25-3446 Report a problem
    3/1/2026Price change$2,750,000-8.2%
    Source: SBMLS #25-3446 Report a problem
    11/5/2025Price change$2,995,000-4.9%
    Source: SBMLS #25-3446 Report a problem
    10/3/2025Price change$3,150,000-4.5%
    Source: SBMLS #25-3446 Report a problem
    9/12/2025Listed for sale$3,300,000
    Source: SBMLS #25-3446 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 93117

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: La Patera
    • High: Dos Pueblos

    Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,932,300
    2% more
    +$38,646
    With Zillow Showcase(estimated)

    $1,970,946

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,932,300
    2% more
    +$38,646
    With Zillow Showcase(estimated)

    $1,970,946