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.
Active
Price cut: $217.9K (6/22)
$2,267,076
5859 Mandarin Dr, Goleta, CA 93117
12beds
6baths
--sqft
Multi Family
Built in 1956
-- sqft lot
$2,269,700 Zestimate®
$--/sqft
$-- HOA
What's special
Efficient layoutsMountain viewsAmple parkingPatios or decksOn-site laundryGarages with storage
- 305 days |
- 431 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Marcos Lazaro 01770439 805-637-9121,
Goodwin & Thyne Properties
Source: SBMLS,MLS#: 25-3446
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Wall Furnace
Appliances
- Laundry: Laundry Room
Features
- Flooring: Vinyl, 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: 306 days
- Listing terms: Conventional,Cash
- Total actual rent: 12280
Estimated market value
$2,269,700
$2.16M - $2.38M
$4,416/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Price change | $2,267,076-8.8% |
Source:  SBMLS #25-3446 Report a problem | ||
| 5/15/2026 | Price change | $2,485,000-9.6% |
Source: SBMLS #25-3446 Report a problem | ||
| 3/1/2026 | Price change | $2,750,000-8.2% |
Source: SBMLS #25-3446 Report a problem | ||
| 11/5/2025 | Price change | $2,995,000-4.9% |
Source: SBMLS #25-3446 Report a problem | ||
| 10/3/2025 | Price change | $3,150,000-4.5% |
Source: SBMLS #25-3446 Report a problem | ||
| 9/12/2025 | Listed for sale | $3,300,000 |
Source: SBMLS #25-3446 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 93117
Nearby schools
GreatSchools rating
- 6/10La Patera Elementary SchoolGrades: K-6Distance: 1.3 mi
- NALearning Tree PreschoolGrades: Distance: 0.7 mi
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.
- $1,995,0003 bd4 ba-- sqft117 Magnolia Ave, Goleta, CA 93117Pending
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- $565,9002 bd1 ba720 sqft5860 Mandarin Dr APT B, Goleta, CA 93117Off Market
- $583,0002 bd1 ba720 sqft5860 Mandarin Dr APT A, Goleta, CA 93117Off Market
- $567,0002 bd1 ba720 sqft5860 Mandarin Dr APT E, Goleta, CA 93117Off Market
- $585,9002 bd1 ba720 sqft5860 Mandarin Dr APT D, Goleta, CA 93117Off Market
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