5859 Mandarin Drive, Santa Barbara, CA 93117
- $2,267,076
- List Price
- $2,267,076
- Status
- ACTIVE
- MLS#
- 25-3446
- Price Change
- ▼ $217,924 1782186336
- Region
- SB/GOL SOUTH
- Year Built
- 1956
Property Description
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.
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Additional Information
- Elementary School
- La Patera
- Middle School
- Other
- High School
- Dos Pueblos
- Capitalization Rate
- 6.5
- Foundation
- Slab
- Laundry
- Laundry Room
- Parking Garage
- Garage
- Pets
- Yes
- Region
- SB/GOL SOUTH
- Terms
- Cash, Conventional
- Units
- 6
- Zoning
- Other
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Listing courtesy of Goodwin & Thyne Properties.