Real Estate Investment Properties for Sale in Lucerne, CA

Looking for investment property in Lucerne, CA with high ROI ?

Explore a variety of short-term homes & houses in Lucerne, CA. Invest wisely with VRBO & Lucerne, CA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Lucerne, CA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2960 Oak Crest Avenue Lucerne, CA Spacious and updated 2,328 sq ft home set on a generous 8,276 sq ft lot on a quiet street,...	3 beds \| 2 baths \| 2,328 sq.ft.	$369,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 9.81% Airbnb Rental Income: $1049 Traditional Rental Income: $4098 Airbnb ROI: -0.05% Traditional ROI: 9.81%
8581 Paradise Valley Boulevard Lucerne, CA Waterfront living in gated Paradise Cove! This beautifully designed home offers over 2,700...	3 beds \| 3 baths \| 2,775 sq.ft.	$750,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 5.26% Airbnb Rental Income: $1049 Traditional Rental Income: $5210 Airbnb ROI: -1.21% Traditional ROI: 5.26%
6838 Virginia Drive Lucerne, CA MOTIVATED SELLERS. This property features three bedrooms, two bathrooms, a den, and a deta...	3 beds \| 2 baths \| 1,784 sq.ft.	$280,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 11.56% Airbnb Rental Income: $1049 Traditional Rental Income: $3556 Airbnb ROI: 0.68% Traditional ROI: 11.56%
4175 Ferrand Road Lucerne, CA Beautiful lake views from this home in the hills of Lucerne. Up a private dirt road sits t...	2 beds \| 1 baths \| 875 sq.ft.	$220,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 9.2% Airbnb Rental Income: $797 Traditional Rental Income: $2375 Airbnb ROI: 0.08% Traditional ROI: 9.2%
6802 Doris Circle Lucerne, CA This charming 3-bedroom, 2-bath home blends comfort, character, and a touch of outdoor liv...	3 beds \| 2 baths \| 1,256 sq.ft.	$345,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 6.22% Airbnb Rental Income: $1049 Traditional Rental Income: $2678 Airbnb ROI: 0.07% Traditional ROI: 6.22%
4369 Lakeview Terrace Lucerne, CA Lakeview Gem â 3 Bed, 2 Bath, With Attached Garage On 0.34 Acres! If you've ever drea...	3 beds \| 2 baths \| 1,600 sq.ft.	$265,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 9.82% Airbnb Rental Income: $1049 Traditional Rental Income: $3092 Airbnb ROI: 0.19% Traditional ROI: 9.82%
8656 Paradise Valley Boulevard Lucerne, CA Located in Paradise Cove. Walk into an open, spacious living room complete with a built-in...	3 beds \| 2 baths \| 2,199 sq.ft.	$525,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 6.3% Airbnb Rental Income: $1049 Traditional Rental Income: $4275 Airbnb ROI: -1.01% Traditional ROI: 6.3%
6061 1st Avenue Lucerne, CA Charming, Quiet & Move-In Ready! This beautifully remodeled 930 sq ft FHA-ready home is a ...	2 beds \| 1 baths \| 930 sq.ft.	$229,900	Airbnb cash on cash: 0% Traditional cash on cash: 9.87% Airbnb Rental Income: $797 Traditional Rental Income: $2622 Airbnb ROI: 0% Traditional ROI: 9.87%
7047 Panoramic Drive Lucerne, CA This exceptional estate features meticulously landscaped grounds, a beautiful 2479-square-...	3 beds \| 2 baths \| 2,479 sq.ft.	$662,999	Airbnb cash on cash: -0.3% Traditional cash on cash: 6.07% Airbnb Rental Income: $1049 Traditional Rental Income: $4625 Airbnb ROI: -0.3% Traditional ROI: 6.07%
2911 Rancho Vista Dr Lucerne, CA Newly renovated home in a quiet neighborhood just a short walk to the lake and park in Luc...	3 beds \| 1 baths \| 1,008 sq.ft.	$340,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 7.25% Airbnb Rental Income: $1049 Traditional Rental Income: $2918 Airbnb ROI: 0.26% Traditional ROI: 7.25%
4174 Sherwood Court Lucerne, CA HUGE, HUGE PRICE REDUCTION!!!!! END OF A CUL-DE-SAC! 3 Bedroom/2ba (upgraded) + Den Home ...	3 beds \| 2 baths \| 1,653 sq.ft.	$274,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 11.71% Airbnb Rental Income: $1049 Traditional Rental Income: $3645 Airbnb ROI: 0.26% Traditional ROI: 11.71%
7784 Richard Drive Lucerne, CA Welcome to Kono Tayee! Inside this small & friendly HOA community you will find a beautifu...	3 beds \| 1 baths \| 1,416 sq.ft.	$349,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 5.72% Airbnb Rental Income: $1049 Traditional Rental Income: $2865 Airbnb ROI: -0.93% Traditional ROI: 5.72%
7158 E Highway 20 Lucerne, CA Lakefront Opportunity! dual-parcel property offering the best of both worldsâstunning pa...	1 beds \| 1 baths \| 672 sq.ft.	$170,000	Airbnb cash on cash: -7.3% Traditional cash on cash: 3.64% Airbnb Rental Income: $425 Traditional Rental Income: $1938 Airbnb ROI: -7.3% Traditional ROI: 3.64%
6917 Plaza Terrace Lucerne, CA Charming lakeside retreat with vintage flair and modern comfort â 6917 Plaza Terrace is ...	2 beds \| 1 baths \| 1,011 sq.ft.	$215,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 10.24% Airbnb Rental Income: $797 Traditional Rental Income: $2508 Airbnb ROI: 0.26% Traditional ROI: 10.24%
6454 14th Lucerne, CA Cute two bedroom one bath home with fully enclosed, private front porch, carport with work...	2 beds \| 1 baths \| 870 sq.ft.	$160,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 10.05% Airbnb Rental Income: $797 Traditional Rental Income: $1896 Airbnb ROI: 0.75% Traditional ROI: 10.05%
6963 Panoramic Lucerne, CA This beautifully updated 3-level custom built home offers 2,184 sq ft of versatile living ...	3 beds \| 3 baths \| 2,184 sq.ft.	$465,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 8.69% Airbnb Rental Income: $1049 Traditional Rental Income: $4690 Airbnb ROI: -0.52% Traditional ROI: 8.69%
7004 E. Hwy 20 Lucerne, CA Pepperwood Grove is a fascinating stand of hardwood trees also known as bay or laurel. It ...	2 beds \| 2 baths \| 1,200 sq.ft.	$650,000	Airbnb cash on cash: -1.13% Traditional cash on cash: 2.47% Airbnb Rental Income: $797 Traditional Rental Income: $2655 Airbnb ROI: -1.13% Traditional ROI: 2.47%
3891 Sunset Lucerne, CA Perched high in the foothills of Lucerne at the end of a private road, this hilltop proper...	3 beds \| 2 baths \| 1,250 sq.ft.	$259,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 7.22% Airbnb Rental Income: $1049 Traditional Rental Income: $2288 Airbnb ROI: 0.67% Traditional ROI: 7.22%
4047 Foothill Lucerne, CA Experience a lifestyle defined by peace and panoramic beauty in this exceptional 3-bedroom...	3 beds \| 2 baths \| 1,600 sq.ft.	$299,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 10.52% Airbnb Rental Income: $1049 Traditional Rental Income: $3663 Airbnb ROI: -0.06% Traditional ROI: 10.52%
7665 Milos Court Lucerne, CA Lakefront living in sought-after Kono Tayee community on Clear Lake. This 3-bedroom, 2-bat...	3 beds \| 2 baths \| 1,315 sq.ft.	$650,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.31% Airbnb Rental Income: $1049 Traditional Rental Income: $3237 Airbnb ROI: -0.9% Traditional ROI: 3.31%

Real Estate investment in Lucerne, CA

There are 24 properties for sale in the city of Lucerne . The median list price in Lucerne is $262,000 and the average price per square foot is $179. In April 2026, the average monthly cash on cash return in Lucerne is 10.00%. The average monthly rental income in Lucerne is $2,930.

Lucerne, CA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 24 investment properties available for sale in Lucerne.

In 2026, the best neighborhood to buy investment property is Lucerne.

The ROI for Short-Term is higher than the Long-Term in Lucerne with average rental income of $1,049.

Your search for investment property begins and ends here

Investment Property for Sale in Lucerne, CA

2960 Oak Crest Avenue

Lucerne, CA

3 beds | 2 baths | 2,328 sq.ft.

$369,000

Airbnb cash on cash: -0.05%

Traditional cash on cash: 9.81%

Airbnb Rental Income: $1049

Traditional Rental Income: $4098

Airbnb ROI: -0.05%

Traditional ROI: 9.81%

8581 Paradise Valley Boulevard

Lucerne, CA

3 beds | 3 baths | 2,775 sq.ft.

$750,000

Airbnb cash on cash: -1.21%

Traditional cash on cash: 5.26%

Airbnb Rental Income: $1049

Traditional Rental Income: $5210

Airbnb ROI: -1.21%

Traditional ROI: 5.26%

6838 Virginia Drive

Lucerne, CA

3 beds | 2 baths | 1,784 sq.ft.

$280,000

Airbnb cash on cash: 0.68%

Traditional cash on cash: 11.56%

Airbnb Rental Income: $1049

Traditional Rental Income: $3556

Airbnb ROI: 0.68%

Traditional ROI: 11.56%

4175 Ferrand Road

Lucerne, CA

2 beds | 1 baths | 875 sq.ft.

$220,000

Airbnb cash on cash: 0.08%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $797

Traditional Rental Income: $2375

Airbnb ROI: 0.08%

Traditional ROI: 9.2%

6802 Doris Circle

Lucerne, CA

3 beds | 2 baths | 1,256 sq.ft.

$345,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 6.22%

Airbnb Rental Income: $1049

Traditional Rental Income: $2678

Airbnb ROI: 0.07%

Traditional ROI: 6.22%

4369 Lakeview Terrace

Lucerne, CA

3 beds | 2 baths | 1,600 sq.ft.

$265,000

Airbnb cash on cash: 0.19%

Traditional cash on cash: 9.82%

Airbnb Rental Income: $1049

Traditional Rental Income: $3092

Airbnb ROI: 0.19%

Traditional ROI: 9.82%

8656 Paradise Valley Boulevard

Lucerne, CA

3 beds | 2 baths | 2,199 sq.ft.

$525,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: 6.3%

Airbnb Rental Income: $1049

Traditional Rental Income: $4275

Airbnb ROI: -1.01%

Traditional ROI: 6.3%

6061 1st Avenue

Lucerne, CA

2 beds | 1 baths | 930 sq.ft.

$229,900

Airbnb cash on cash: 0%

Traditional cash on cash: 9.87%

Airbnb Rental Income: $797

Traditional Rental Income: $2622

Airbnb ROI: 0%