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5859 Mandarin Drive, 
Santa Barbara, CA 93117

$2,995,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Marcos Lazaro

Goodwin & Thyne Properties

Last updated:

December 17, 2025, 06:56 PM

MLS#

25-3446

Source:

SBAOR

About This Home

5859 Mandarin Drive

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.

Home Facts

Multi-Family

Built in 1956

Price Summary

2,995,000

MLS #:

25-3446

Last Updated:

December 17, 2025, 06:56 PM

Added:

3 month(s) ago

Structure

Structure

Year Built:

1956

Finances & Disclosures

Finances

Price:

$2,995,000

Source:SBAOR
Based on information from the Santa Barbara MLS as of December 19, 2025 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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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.