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
6838 Virginia Drive Lucerne, CA This property features three bedrooms, two bathrooms, a den, and a detached bonus room est...	3 beds \| 2 baths \| 1,784 sq.ft.	$299,600	Airbnb cash on cash: 0.8% Traditional cash on cash: 10.76% Airbnb Rental Income: $1126 Traditional Rental Income: $3556 Airbnb ROI: 0.8% Traditional ROI: 10.76%
7762 Cora Drive Lucerne, CA Charming Channel Front Retreat in Kono Tayee, Lucerne CA! Welcome to your dream getaway ne...	2 beds \| 1 baths \| 1,292 sq.ft.	$359,900	Airbnb cash on cash: 5.12% Traditional cash on cash: 9.33% Airbnb Rental Income: $3154 Traditional Rental Income: $3862 Airbnb ROI: 5.12% Traditional ROI: 9.33%
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: 9.51% Traditional cash on cash: 9.2% Airbnb Rental Income: $3154 Traditional Rental Income: $2375 Airbnb ROI: 9.51% Traditional ROI: 9.2%
6949 Panoramic Drive Lucerne, CA Welcome to 6949 Panoramic Dr in Lucerne â a spacious 2,390 sq ft home offering 3 bedroom...	3 beds \| 3 baths \| 2,390 sq.ft.	$565,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 7.62% Airbnb Rental Income: $1126 Traditional Rental Income: $5040 Airbnb ROI: -0.51% Traditional ROI: 7.62%
7795 Richard Drive Lucerne, CA Just in time for summer, cast a line right off of your private floating dock in desirable ...	4 beds \| 3 baths \| 1,876 sq.ft.	$655,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.26% Airbnb Rental Income: $1962 Traditional Rental Income: $3759 Airbnb ROI: 0.48% Traditional ROI: 4.26%
6963 Panoramic Drive Lucerne, CA Calling all investors and relaxation seekers: Motivated seller for this prestigious mounta...	3 beds \| 3 baths \| 2,184 sq.ft.	$475,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 7.66% Airbnb Rental Income: $1126 Traditional Rental Income: $4307 Airbnb ROI: -0.34% Traditional ROI: 7.66%
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.	$565,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 5.74% Airbnb Rental Income: $1126 Traditional Rental Income: $4275 Airbnb ROI: -0.94% Traditional ROI: 5.74%
6061 1st Avenue Lucerne, CA Charming, Quiet & Move-In Ready! This beautifully remodeled 888 sq ft FHA-ready home is...	2 beds \| 1 baths \| 888 sq.ft.	$234,900	Airbnb cash on cash: 8.81% Traditional cash on cash: 9.63% Airbnb Rental Income: $3154 Traditional Rental Income: $2622 Airbnb ROI: 8.81% Traditional ROI: 9.63%
6813 Virginia Drive Lucerne, CA Easy living in this nice and neat open floorplan home! Enjoy entertaining in the large liv...	2 beds \| 2 baths \| 1,144 sq.ft.	$289,000	Airbnb cash on cash: 7.1% Traditional cash on cash: 8.12% Airbnb Rental Income: $3154 Traditional Rental Income: $2717 Airbnb ROI: 7.1% Traditional ROI: 8.12%
7047 Panoramic Drive Lucerne, CA This exceptional estate features meticulously landscaped grounds, a beautiful 2479-square-...	3 beds \| 2 baths \| 2,479 sq.ft.	$699,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 5.7% Airbnb Rental Income: $1126 Traditional Rental Income: $4625 Airbnb ROI: -0.24% Traditional ROI: 5.7%
6896 Frontage Road Lucerne, CA Exceptional Residential & Commercial Opportunity with Expansive Corner Lot and Stunning La...	2 beds \| 3 baths \| 2,400 sq.ft.	$359,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 6.37% Airbnb Rental Income: $3154 Traditional Rental Income: $4292 Airbnb ROI: 0.88% Traditional ROI: 6.37%
7926 Richard Drive Lucerne, CA Beautiful home in the desirable waterfront community of Kono Tayee! Turn-key 3bed/2bath, 1...	3 beds \| 2 baths \| 1,749 sq.ft.	$439,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 6.43% Airbnb Rental Income: $1126 Traditional Rental Income: $3674 Airbnb ROI: -0.69% Traditional ROI: 6.43%
3408 Ogden Place Lucerne, CA Welcome to your next great investment opportunity in Lucerne! This fixer-upper is perfect ...	2 beds \| 1 baths \| 1,137 sq.ft.	$169,500	Airbnb cash on cash: 7.66% Traditional cash on cash: 9.87% Airbnb Rental Income: $3154 Traditional Rental Income: $2796 Airbnb ROI: 7.66% Traditional ROI: 9.87%
3788 Lakeview Terrace Lucerne, CA Perched above it all with stunning lake views, this charming hilltop home offers the perfe...	4 beds \| 2 baths \| 1,437 sq.ft.	$399,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 7.87% Airbnb Rental Income: $1962 Traditional Rental Income: $3574 Airbnb ROI: 2.18% Traditional ROI: 7.87%
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.	$350,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 7.01% Airbnb Rental Income: $1126 Traditional Rental Income: $2918 Airbnb ROI: 0.42% Traditional ROI: 7.01%
7784 Richard Drive Lucerne, CA PRICED REDUCED!! EVEN IN TODAY'S MARKET, THIS IS A BARGAIN!!!! Welcome to Kono Tayee! I...	3 beds \| 1 baths \| 1,416 sq.ft.	$319,999	Airbnb cash on cash: -0.71% Traditional cash on cash: 6.32% Airbnb Rental Income: $1126 Traditional Rental Income: $2865 Airbnb ROI: -0.71% Traditional ROI: 6.32%
6256 E Highway 20 Lucerne, CA Charming Lakeview Retreat with Boat Storage & Rose Garden! Welcome to this delightful 2-b...	2 beds \| 2 baths \| 1,276 sq.ft.	$239,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 5.57% Airbnb Rental Income: $3154 Traditional Rental Income: $2997 Airbnb ROI: 3.1% Traditional ROI: 5.57%
6299 10th Avenue Lucerne, CA Charming Updated Home Just Steps from Clear Lake â Spacious Lot, Detached Garage, and Mo...	2 beds \| 1 baths \| 985 sq.ft.	$249,900	Airbnb cash on cash: 8.35% Traditional cash on cash: 8.86% Airbnb Rental Income: $3154 Traditional Rental Income: $2561 Airbnb ROI: 8.35% Traditional ROI: 8.86%
2976 Rancho Vista Drive Lucerne, CA Welcome to this charming and rare 4-bedroom, 2.1-bath home located in the desirable Lucern...	4 beds \| 2 baths \| 1,918 sq.ft.	$375,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 10.08% Airbnb Rental Income: $1962 Traditional Rental Income: $4152 Airbnb ROI: 2.39% Traditional ROI: 10.08%
6292 East Highway 20 Highway Lucerne, CA Very nice, well-appointed and well maintained, brick and mortar on a high traffic count hi...	N/A beds \| N/A baths \| N/A	$295,000	Airbnb cash on cash: 3.12% Traditional cash on cash: 6.92% Airbnb Rental Income: $1962 Traditional Rental Income: $2504 Airbnb ROI: 3.12% Traditional ROI: 6.92%

Real Estate investment in Lucerne, CA

There are 20 properties for sale in the city of Lucerne . The median list price in Lucerne is $309,800 and the average price per square foot is $202. In September 2025, the average monthly cash on cash return in Lucerne is 8.00%. The average monthly rental income in Lucerne is $3,277.

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

There are 20 investment properties available for sale in Lucerne.

In 2025, the best neighborhood to buy investment property is Lucerne.

The ROI for Long-Term is higher than the Short-Term in Lucerne with average rental income of $3,277.

Your search for investment property begins and ends here

Investment Property for Sale in Lucerne, CA

6838 Virginia Drive

Lucerne, CA

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

$299,600

Airbnb cash on cash: 0.8%

Traditional cash on cash: 10.76%

Airbnb Rental Income: $1126

Traditional Rental Income: $3556

Airbnb ROI: 0.8%

Traditional ROI: 10.76%

7762 Cora Drive

Lucerne, CA

2 beds | 1 baths | 1,292 sq.ft.

$359,900

Airbnb cash on cash: 5.12%

Traditional cash on cash: 9.33%

Airbnb Rental Income: $3154

Traditional Rental Income: $3862

Airbnb ROI: 5.12%

Traditional ROI: 9.33%

4175 Ferrand Road

Lucerne, CA

2 beds | 1 baths | 875 sq.ft.

$220,000

Airbnb cash on cash: 9.51%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $3154

Traditional Rental Income: $2375

Airbnb ROI: 9.51%

Traditional ROI: 9.2%

6949 Panoramic Drive

Lucerne, CA

3 beds | 3 baths | 2,390 sq.ft.

$565,000

Airbnb cash on cash: -0.51%

Traditional cash on cash: 7.62%

Airbnb Rental Income: $1126

Traditional Rental Income: $5040

Airbnb ROI: -0.51%

Traditional ROI: 7.62%

7795 Richard Drive

Lucerne, CA

4 beds | 3 baths | 1,876 sq.ft.

$655,000

Airbnb cash on cash: 0.48%

Traditional cash on cash: 4.26%

Airbnb Rental Income: $1962

Traditional Rental Income: $3759

Airbnb ROI: 0.48%

Traditional ROI: 4.26%

6963 Panoramic Drive

Lucerne, CA

3 beds | 3 baths | 2,184 sq.ft.

$475,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 7.66%

Airbnb Rental Income: $1126

Traditional Rental Income: $4307

Airbnb ROI: -0.34%

Traditional ROI: 7.66%

8656 Paradise Valley Boulevard

Lucerne, CA

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

$565,000

Airbnb cash on cash: -0.94%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $1126

Traditional Rental Income: $4275

Airbnb ROI: -0.94%

Traditional ROI: 5.74%

6061 1st Avenue

Lucerne, CA

2 beds | 1 baths | 888 sq.ft.

$234,900

Airbnb cash on cash: 8.81%

Traditional cash on cash: 9.63%

Airbnb Rental Income: $3154

Traditional Rental Income: $2622

Airbnb ROI: 8.81%