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 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%
7795 RICHARD Drive Lucerne, CA ATTENTION VETERANS !! POSSIBLE HIGH BALANCE VA ASSUMABLE LOAN " I/2 OF TODAYS INTEREST RAT...	4 beds \| 3 baths \| 1,876 sq.ft.	$649,000	Airbnb cash on cash: 7.25% Traditional cash on cash: 4.31% Airbnb Rental Income: $6874 Traditional Rental Income: $3759 Airbnb ROI: 7.25% Traditional ROI: 4.31%
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%
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.	$276,500	Airbnb cash on cash: 0.25% Traditional cash on cash: 11.6% Airbnb Rental Income: $1049 Traditional Rental Income: $3645 Airbnb ROI: 0.25% Traditional ROI: 11.6%
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.	$185,000	Airbnb cash on cash: -6.8% Traditional cash on cash: 3.28% Airbnb Rental Income: $425 Traditional Rental Income: $1938 Airbnb ROI: -6.8% Traditional ROI: 3.28%
2915 Rancho Vista Drive Lucerne, CA 3 Bedroom 1 1/4 Bath home with adjacent lot included. Brand new mini split heat and air mo...	3 beds \| 1 baths \| 1,092 sq.ft.	$215,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 11.37% Airbnb Rental Income: $1049 Traditional Rental Income: $2751 Airbnb ROI: 1.22% Traditional ROI: 11.37%
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.	$265,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 8.16% Airbnb Rental Income: $797 Traditional Rental Income: $2508 Airbnb ROI: 0.03% Traditional ROI: 8.16%
3944 Country Club Drive Lucerne, CA Welcome to this warm and inviting 3-bedroom, 2-bath home, ideally located within walking d...	3 beds \| 1 baths \| 1,200 sq.ft.	$259,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 10.43% Airbnb Rental Income: $1049 Traditional Rental Income: $2941 Airbnb ROI: 1.2% Traditional ROI: 10.43%
6444 14th Lucerne, CA Cute Bungalow Home with large front yard full of fruit trees, walnut trees and rose bushes...	2 beds \| 1 baths \| 780 sq.ft.	$150,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 10.55% Airbnb Rental Income: $797 Traditional Rental Income: $1859 Airbnb ROI: 0.91% Traditional ROI: 10.55%
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.	$165,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 9.7% Airbnb Rental Income: $797 Traditional Rental Income: $1896 Airbnb ROI: 0.67% Traditional ROI: 9.7%
8388 Paradise Lagoon Dr Lucerne, CA 8388 Paradise Lagoon Dr, Lucerne, CA 95458 \| Single Family Residential	3 beds \| 3 baths \| 2,167 sq.ft.	$625,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 3.43% Airbnb Rental Income: $1049 Traditional Rental Income: $3290 Airbnb ROI: -1.04% Traditional ROI: 3.43%
2305 Alta Vis Lucerne, CA 2305 Alta Vis, Lucerne, CA 95458 \| Manufactured Home	2 beds \| 2 baths \| 960 sq.ft.	$269,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 5.58% Airbnb Rental Income: $797 Traditional Rental Income: $1953 Airbnb ROI: -0.25% Traditional ROI: 5.58%
7112 Sonja Lu Ln Lucerne, CA 7112 Sonja Lu Ln, Lucerne, CA 95458 \| Manufactured Home	2 beds \| 2 baths \| 1,200 sq.ft.	$249,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.27% Airbnb Rental Income: $797 Traditional Rental Income: $1981 Airbnb ROI: -0.13% Traditional ROI: 6.27%
4532 Pine St Lucerne, CA 4532 Pine St, Lucerne, CA 95458 \| Manufactured Home	2 beds \| 1 baths \| 700 sq.ft.	$225,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 5.51% Airbnb Rental Income: $797 Traditional Rental Income: $1640 Airbnb ROI: 0.04% Traditional ROI: 5.51%
8541 Paradise Valley Blvd Lucerne, CA 8541 Paradise Valley Blvd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 4.16% Airbnb Rental Income: $499 Traditional Rental Income: $942 Airbnb ROI: -0.82% Traditional ROI: 4.16%
5905 E Highway 20 Lucerne, CA 5905 E Highway 20, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$499,000	Airbnb cash on cash: -1.47% Traditional cash on cash: 0.09% Airbnb Rental Income: $499 Traditional Rental Income: $953 Airbnb ROI: -1.47% Traditional ROI: 0.09%
7005-7018 E Highway 20 Lucerne, CA 7005-7018 E Highway 20, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$115,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 5.9% Airbnb Rental Income: $499 Traditional Rental Income: $944 Airbnb ROI: -0.55% Traditional ROI: 5.9%
8456 Paradise Valley Blvd Lucerne, CA 8456 Paradise Valley Blvd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$69,500	Airbnb cash on cash: 0.19% Traditional cash on cash: 10.58% Airbnb Rental Income: $499 Traditional Rental Income: $944 Airbnb ROI: 0.19% Traditional ROI: 10.58%
6902 Frontage Rd Lucerne, CA 6902 Frontage Rd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 9.05% Airbnb Rental Income: $499 Traditional Rental Income: $944 Airbnb ROI: -0.06% Traditional ROI: 9.05%
4410 Bush St Lucerne, CA 4410 Bush St, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 9.1% Airbnb Rental Income: $499 Traditional Rental Income: $948 Airbnb ROI: -0.06% Traditional ROI: 9.1%
8336 Paradise Valley Blvd Lucerne, CA 8336 Paradise Valley Blvd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$66,900	Airbnb cash on cash: 0.26% Traditional cash on cash: 11.03% Airbnb Rental Income: $499 Traditional Rental Income: $944 Airbnb ROI: 0.26% Traditional ROI: 11.03%
6325 Thirteenth Ave Lucerne, CA 6325 Thirteenth Ave, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$119,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 5.66% Airbnb Rental Income: $499 Traditional Rental Income: $944 Airbnb ROI: -0.58% Traditional ROI: 5.66%
8396 Paradise Valley Blvd Lucerne, CA 8396 Paradise Valley Blvd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$100,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 7% Airbnb Rental Income: $499 Traditional Rental Income: $944 Airbnb ROI: -0.37% Traditional ROI: 7%
6900 Frontage Rd Lucerne, CA 6900 Frontage Rd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 1.89% Airbnb Rental Income: $499 Traditional Rental Income: $953 Airbnb ROI: -1.19% Traditional ROI: 1.89%
4040 Lakeview Lucerne, CA 4040 Lakeview, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 1.32% Airbnb Rental Income: $499 Traditional Rental Income: $958 Airbnb ROI: -1.28% Traditional ROI: 1.32%
5200 Bartlett Springs Rd Lucerne, CA 5200 Bartlett Springs Rd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$3,200,000	Airbnb cash on cash: -1.71% Traditional cash on cash: -1.47% Airbnb Rental Income: $499 Traditional Rental Income: $953 Airbnb ROI: -1.71% Traditional ROI: -1.47%
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.	$475,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 8.49% Airbnb Rental Income: $1049 Traditional Rental Income: $4690 Airbnb ROI: -0.53% Traditional ROI: 8.49%
7780 Verna Lucerne, CA 7780 Verna, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$67,780	Airbnb cash on cash: 0.23% Traditional cash on cash: 11.02% Airbnb Rental Income: $499 Traditional Rental Income: $954 Airbnb ROI: 0.23% Traditional ROI: 11.02%
5250 Bartlett Spring Rd Lucerne, CA 5250 Bartlett Spring Rd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$259,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.77% Airbnb Rental Income: $499 Traditional Rental Income: $954 Airbnb ROI: -1.21% Traditional ROI: 1.77%
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%
7771 FS Rd 15N12 Lucerne, CA 7771 FS Rd 15N12, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 3.71% Airbnb Rental Income: $499 Traditional Rental Income: $954 Airbnb ROI: -0.91% Traditional ROI: 3.71%
7092 Sonja Lu Lucerne, CA 7092 Sonja Lu, Lucerne, CA 95458 \| Manufactured Home	2 beds \| 2 baths \| 1,056 sq.ft.	$269,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 5.84% Airbnb Rental Income: $797 Traditional Rental Income: $2020 Airbnb ROI: -0.25% Traditional ROI: 5.84%
16332 Bartlett Spgs Lucerne, CA 16332 Bartlett Spgs, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$700,000	Airbnb cash on cash: -1.55% Traditional cash on cash: -0.38% Airbnb Rental Income: $499 Traditional Rental Income: $987 Airbnb ROI: -1.55% Traditional ROI: -0.38%
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%
4367 Lakeview Ter Lucerne, CA 4367 Lakeview, Lucerne, CA 95458 \| Manufactured Home	2 beds \| 2 baths \| 1,188 sq.ft.	$199,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 8.52% Airbnb Rental Income: $797 Traditional Rental Income: $2034 Airbnb ROI: 0.27% Traditional ROI: 8.52%
6397 Dixie Rd Lucerne, CA 6397 Dixie Rd, Lucerne, CA 95458 \| Manufactured Home	2 beds \| 1 baths \| 1,015 sq.ft.	$199,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 7.16% Airbnb Rental Income: $797 Traditional Rental Income: $1776 Airbnb ROI: 0.27% Traditional ROI: 7.16%

Real Estate investment in Lucerne, CA

There are 42 properties for sale in the city of Lucerne . The median list price in Lucerne is $157,500 and the average price per square foot is $117. In March 2026, the average monthly cash on cash return in Lucerne is 11.00%. The average monthly rental income in Lucerne is $1,648.

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

There are 42 investment properties available for sale in Lucerne.

In 2026, 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 $1,648.

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.

$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%

7795 RICHARD Drive

Lucerne, CA

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

$649,000

Airbnb cash on cash: 7.25%

Traditional cash on cash: 4.31%

Airbnb Rental Income: $6874

Traditional Rental Income: $3759

Airbnb ROI: 7.25%

Traditional ROI: 4.31%

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%

7047 Panoramic Drive

Lucerne, CA

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

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

3 beds | 2 baths | 1,653 sq.ft.

$276,500

Airbnb cash on cash: 0.25%

Traditional cash on cash: 11.6%

Airbnb Rental Income: $1049

Traditional Rental Income: $3645

Airbnb ROI: 0.25%

Traditional ROI: 11.6%

7784 Richard Drive

Lucerne, CA

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%