5859 Mandarin Dr Santa Barbara, CA 93117
Six-unit multifamily property in Goleta with strong rental demand.
Building Details
- Year built
- 1956
Source: Goodwin & Thyne Properties
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Goleta Multifamily Investment Opportunity
This six-unit multifamily property is located in Goleta and offers potential for future upside. Each unit features two bedrooms and one bathroom, with efficient layouts and patios or decks that offer mountain views. On-site amenities include garages with storage, laundry facilities, and ample parking. The property is located near UCSB, Old Town, and major employers, which contributes to consistent tenant demand. All tenants are on month-to-month leases with signed estoppels, including one-year lease rejections, positioning the asset for rent growth and long-term value. The property also offers ADU potential.
Location Intelligence
Current Use by Public Records
Isalis
Gift Shop
Party City
Party Store
Skunk Funk
Wholesaler
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
Outdoor Clothing And Equipment Shop
Location Insight
- Map
- Local Demand
- City
- Santa Barbara
- County
- Santa Barbara
- State
- California
- Longitude
- -119.967
- Latitude
- 34.4816
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Goleta with strong rental demand.
Where is this apartment building located?
The property is located at 5859 Mandarin Dr Santa Barbara, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: - Prime Goleta location with strong rental demand near UCSB, Old Town, and major employers.; - Six 2BD/1BA units with patios or decks and mountain views.; - Month-to-month leases with signed estoppels, positioning for immediate rent growth.