5859 Mandarin Dr

Santa Barbara, CA 93117

$2,995,000
Price
12
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Virtual Tour
Virtual Tour
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Description

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...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.

Property Details for 5859 Mandarin Drive

Zoning
Other
Zoning:Other
Yes
Location Info:Cross Street
Magnolia Ave
Property Information:Recurring Fees
No
LISTING UPDATED: 11/05/2025 03:20 PM

Property Details for 5859 Mandarin Drive

StatusActive
MLS #25-3446
Days on Market94
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1956
Lot Size-
CountySanta Barbara County

Location

Listing Courtesy of Goodwin & Thyne Properties, Marcos Lazaro, DRE #01770439
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Building Information for 5859 Mandarin Drive

Stories-Residences6Year Built1956Building Size-Lot Size-

Payment Calculator

$15,306 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,799

Property Taxes

$507

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5859 Mandarin Drive

Details
Features
  • District: 30 - SB/GOL SOUTH
  • District: 30 - SB/GOL SOUTH
  • Virtual Tour URLUnbranded: https://my.matterport.com/show/?m=gZgEB3DZq8j&mls=1
  • FlrWdw Coverings:Carpet: Yes
  • FlrWdw Coverings:Hardwood: Yes
  • FlrWdw Coverings:Wood/Laminate: Yes
  • FlrWdw Coverings:Vinyl: Yes
  • Laundry Features: Laundry Room
  • Laundry:Laundry Room: Yes
  • Pets Allowed: Yes
  • Pets:Yes: Yes
  • Security:Smoke Detector(s): Yes
  • Flooring: Vinyl, Carpet, Hardwood, Wood/Laminate
  • Security Features: Smoke Detc
  • Heating/Cooling:Wall: Yes
  • Year Built Numeric: 1956
  • Building Area Total: 0.0
Taxes and HOA Information
  • Parcel Number: 071-052-002
  • Association Fee: $.00
Parking/Garage
  • Parking Features: Garages, Gar #6
  • Garages: Yes
  • Parking Info:Garages: Yes
  • Parking Info:Gar #6: Yes
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: G11
  • Proximity:Near Bus: Yes
  • Proximity:Near Shopping: Yes
  • Lot Features: Near Public Transit
Neighborhood/Schools
  • Elementary School: La Patera
  • Junior High School: Other
  • High School: Dos Pueblos
  • NeighborhoodSchools:Elementary School: La Patera
  • NeighborhoodSchools:Junior High School: Other
  • NeighborhoodSchools:High School: Dos Pueblos
Property / Assessor Information
Property / Assessor Info
  • Foundation Details: Slab
  • Lot Size Square Feet: 0.0
  • Lot Size Area: 0.0
  • Lot Size Acres: 0.0
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Foundation:Slab: Yes
  • Condition:Good: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1956.0
Utility Info
  • Meters:Sep Meter Wtr: N
  • Meters:Sep Meter Elec: Y
  • Meters:Sep Meter Gas: No
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Capitalization Rate: 4.47
  • Income/Expenses:Total Monthly Income: $12,280
  • Income/Expenses:Annual Income: $147,360
  • Gross Income: $147,360
Unit Info
Unit Info
  • Number Of Units Total: 6
Unit 1 Info
  • Unit 1:# Units: 6
  • Unit 1:# Bedrooms: 12
  • Unit 1:# Baths: 6
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $2,025.00
  • Unit 1:M/M: Yes
  • Unit 1:Monthly Total: $12,280.00
Rental
Rental Information
  • Total Actual Rent: $12,280

Property History for 5859 Mandarin Drive

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Price Change

Santa Barbara AOR #25-3446

$2,995,000—
Nov 5, 2025

Listed (Active)

CRMLS #25615465

$2,995,000—
Nov 5, 2025

Listed (Active)

CLAW #25615465

$2,995,000—
Oct 2, 2025

Price Change

Santa Barbara AOR #25-3446

$3,150,000—
Sep 11, 2025

Listed (Active)

Santa Barbara AOR #25-3446

$3,300,000—
DateEvent & SourcePrice
11/05/2025

Price Change

Santa Barbara AOR #25-3446

$2,995,000
11/05/2025

Listed (Active)

CRMLS #25615465

$2,995,000
11/05/2025

Listed (Active)

CLAW #25615465

$2,995,000
10/02/2025

Price Change

Santa Barbara AOR #25-3446

$3,150,000
09/11/2025

Listed (Active)

Santa Barbara AOR #25-3446

$3,300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5859 Mandarin Drive

Taxable ValueLand$47,931Additions$248,949Total$296,880
Tax Record2025$6,085 ($507 / month)
Home Facts
Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN071-052-002

Schools near 5859 Mandarin Drive

This home is within Goleta Union Elementary School District.
Rating
School
Type
Grades
Distance
Kellogg Elementary School
Public - K to 6
Goleta Valley Junior High School
Public - 7 to 8
Dos Pueblos Senior High School
Public - 9 to 12
Santa Barbara Charter School
Charter - K to 8
Rating
School
Distance
Kellogg Elementary School
PublicK to 6

Goleta Valley Junior High School
Public7 to 8

Dos Pueblos Senior High School
Public9 to 12

Santa Barbara Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5859 Mandarin Drive, Santa Barbara, CA 93117

5859 Mandarin Drive is a multi-family home for sale in Santa Barbara, CA 93117. This property was listed for sale on September 12, 2025 by Goodwin & Thyne Properties, it's currently listed at $2,995,000. This listing's school districts are Goleta Union Elementary School District, Santa Barbara Unified School District. Nearby schools include Kellogg Elementary School, Goleta Valley Junior High School and Dos Pueblos Senior High School. 5859 Mandarin Drive is a 12-bed, 6-bath, multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Goodwin & Thyne Properties, Marcos Lazaro, DRE #01770439

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.