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  • 5859 Mandarin Drive

5859 Mandarin Drive, Santa Barbara, CA 93117

$2,267,076 Approx. USD 0 beds, 0 baths

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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
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Tustin, CA 92780
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Listing Agent


Marcos Lazaro
Lic#: 01770439
Broker: Courtesy of Goodwin & Thyne Properties

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 25-3446
List price is $2,267,076 Reduced by $217,924 on 6/22/2026
Price: $2,267,076
Beds: 0
Baths: 0
Built in 1956
County: Santa Barbara
Zoning: Other
Parking description: Garage
Lot description: Near Public Transit
Heating description: Wall Furnace
MLS area: 30 - SB/GOL SOUTH
Pets Allowed: Yes

Last Updated: 10/2/2026

 Days On Market (DOM): 385

 Find more SANTA BARBARA homes and real estate

 Find more homes in 93117 zip code

This listing belongs to the 30 - SB/GOL SOUTH MLS area

Lat/Long: 34.437250, -119.828198.
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Source: SBM. Also Available in 25615465,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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