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.
Active
Price cut: $155K (11/5)
$2,995,000
5859 Mandarin Dr, Goleta, CA 93117
12beds
6baths
--sqft
Est.:
Multi Family
Built in 1956
-- sqft lot
$2,984,100 Zestimate®
$--/sqft
$-- HOA
What's special
Efficient layoutsMountain viewsPatios or decks
- 94 days |
- 302 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: November 05, 2025 at 03:20pm
Listed by:
Marcos Lazaro 01770439 805-637-9121,
Goodwin & Thyne Properties
Source: SBMLS,MLS#: 25-3446
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Appliances
- Laundry: Laundry Room
Features
- Flooring: Vinyl, Carpet, Hardwood, Wood/Laminate
- Has fireplace: No
Property
Parking
- Parking features: Garage
- Has garage: Yes
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: 95 days
- Listing terms: Cash,Ctnl
- Total actual rent: 12280
Estimated market value
$2,984,100
$2.83M - $3.13M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2025 | Price change | $2,995,000-4.9% |
Source: | ||
| 10/3/2025 | Price change | $3,150,000-4.5% |
Source: | ||
| 9/12/2025 | Listed for sale | $3,300,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$18,316/mo
Principal & interest
$14597
Property taxes
$2671
Home insurance
$1048
Climate risks
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.
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