Goodwin & Thyne Properties
Listed by Goodwin & Thyne Properties
$2,485,000
5859 Mandarin Drive, Goleta, CA 93117
Details
APN 071-052-002
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 4.47%
NOI $147,360
Occupancy 100%
Year Built 1956
Buildings 1
Stories 2
Acreage 0.150
Zoning Other
Multifamily | 6 Units | $414,167/unit
Marketing 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 this asset for rent growth and long-term value. ADU Potential.
Listing Contacts
Goodwin & Thyne Properties
Listed by Goodwin & Thyne Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,360.00
$12,280.00/mo
Valuation Metrics
0
DSCR
5.93%
Cap Rate
5.93%
ROI
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