Back 5859 Mandarin Drive
Off Market

5859 Mandarin Drive

Goleta CA 93117

Other
Last sold for $1,925,000
Marcos LazaroMarcos Lazaro, last sold this property on 06 October 2026 after 388 days on market.

Overview

A 6.5% cap rate! 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.

Features

Other

Estimated Value

Based on this property and similar other properties sold in Goleta over the last 12 months, the estimated median property value of 5859 Mandarin Drive is $905k.

Median value
$905k
Estimated value range
$190k - $5.4m
Median days on market
20
Estimated value trend
-41%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Goleta. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5859 Mandarin Drive

2026
Sold
$1,925,000
06 Oct 2026 by Marcos Lazaro, of Goodwin & Thyne Properties

Happy sellers in Goleta

94%
94% of sellers in Goleta reported that their sale price either exceeded or met their price expectations.

Goleta stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Goleta over the last 12 months.

Local market activity for other properties in Goleta

In the last 12 months, 45 other properties similar to 5859 Mandarin Drive, have been sold.

This represents a 55% decrease in other properties sales when compared to the previous 12 months.

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