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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.

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Multi-Family Active

Price

$ 2,995,000

Bedrooms

12

Full Bath

36

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

35

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
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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
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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
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* Excluded Features
List By
Goodwin & Thyne Properties Inc

Broker

teamgt@gtprop.com

Email

Affordability Calculator

$18,685
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Monthly Principal & Interest
$18,685
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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