5859 Mandarin Drive Goleta, CA ^$ 2,995,000

5859 Mandarin Drive

^$ 2,995,000

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5859 Mandarin Drive

Goleta, CA, 93117

^$ 2,995,000

Bedrooms12 Baths36.0 Sq 5,027

Monthly Estimate*

^$ 18,685

Listed by Goodwin & Thyne Properties Inc

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Multi-Family Home for sale in Goleta, CA

for $2,995,000 with 12 bedrooms and 36 full baths. This 5,027 square foot home was built in 1956 on a lot size of 0.15.

Tons of potential! 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.

Multi-Family Active

Price

^$ 2,995,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1956

Town/City

Goleta

County/Region

Santa Barbara

MLS | Web ID

25615465

Days on Market

Features

General

Living Area 5027

Heating Wall Furnace

Cooling None

Appliances Refrigerator Dryer Washer

Zoning Other

Garage Spaces 6

Architectural Style Traditional

Year Built 1956

Stories Count 2

Levels Two

Gross Income 0

County Santa Barbara

Net Operating Income 0

New Construction 0

Property Type Residential Income

HOA 0

Attached Garage 1

Garage Y/N 1

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Take US-101 N to Fairview Avenue exit 105. Continue on N Fairview Avenue. Use the left lane to turn left onto Hollister Avenue Turn left onto Magnolia Ave turn left onto Mandarin Dr. Destination will be on the left.

City Goleta

Senior Community Y/N 0

Number Of Units Total 6

MLS Area GLTA - Goleta

Lot Size Units Square Feet

Lot Size Square Feet 6534

Property Attached Y/N 1

Virtual Tour https://my.matterport.com/show/?m=gZgEB3DZq8j&mls=1

Standard Status Active

Year Built Source Assessor

Cap Rate 4.47

Interior

Total Stories 2

Common Walls 1 Common Wall

Air Conditioning Y/N 0

Heating Y/N 1

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 12

Total Baths 6

Exterior

Total Parking 6

Lot Size Area 6534

Number of Buildings 1

Building Area Total 5027

Lot Size Acres 0.15

Lot Size Source Assessor

* Excluded Features

List By

Goodwin & Thyne Properties Inc

Broker

teamgt@gtprop.com

Affordability Calculator

$18,685

Per Month

Monthly Principal & Interest: $18,685
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Goleta, CA

Average List Price ^$7,598,333

Percent of Sale Price 154%

About Goleta, CA

31,903 Population

11% Since 2002

^$84,611 Median Income

37.3 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$2,995,000		Listed Price

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5859 Mandarin Drive, Goleta, CA, 93117 is a Multi-Family Home for sale at $2,995,000 with 5,027 sqft and a lot size of 0.15. 5859 Mandarin Drive has 12 bedrooms, 36.0 baths, and was built in 1956. The property's zip code is 93117 which is in Goleta, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/9/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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5859 Mandarin Drive

Multi-Family Home for sale in Goleta, CA

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