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
6956 Plaza Ct Lucerne, CA Great little fixer with lots of potential. Large level parcel with potential RV and or bo...	2 beds \| 1 baths \| 832 sq.ft.	$259,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 7.21% Airbnb Rental Income: $1172 Traditional Rental Income: $2292 Airbnb ROI: 1.08% Traditional ROI: 7.21%
8581 Paradise Valley Blvd 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: -0.4% Traditional cash on cash: 5.26% Airbnb Rental Income: $1733 Traditional Rental Income: $5210 Airbnb ROI: -0.4% Traditional ROI: 5.26%
6537 E Highway 20 Lucerne, CA Welcome to your dream lakeside retreat in the heart of Lucerne, California! This stunning ...	1 beds \| 1 baths \| 728 sq.ft.	$299,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 5.19% Airbnb Rental Income: $697 Traditional Rental Income: $2047 Airbnb ROI: -0.69% Traditional ROI: 5.19%
7248 E Highway 20 Lucerne, CA Lakeview retreat on 14.75 private acresâfully renovated in 2023 and move-in ready. This ...	3 beds \| 3 baths \| 2,552 sq.ft.	$600,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 6.66% Airbnb Rental Income: $1733 Traditional Rental Income: $4805 Airbnb ROI: 0.32% Traditional ROI: 6.66%
4175 Ferrand Rd 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: 1.58% Traditional cash on cash: 9.2% Airbnb Rental Income: $1172 Traditional Rental Income: $2375 Airbnb ROI: 1.58% Traditional ROI: 9.2%
7775 Richard Dr Lucerne, CA COZY ON THE CANAL. 70ft of waterfront in the serene Kono Tayee neighborhood. This two stor...	1 beds \| 1 baths \| 784 sq.ft.	$285,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 3.71% Airbnb Rental Income: $697 Traditional Rental Income: $1597 Airbnb ROI: -0.78% Traditional ROI: 3.71%
4369 Lakeview Ter 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.	$225,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 11.7% Airbnb Rental Income: $1733 Traditional Rental Income: $3092 Airbnb ROI: 3.07% Traditional ROI: 11.7%
8656 Paradise Valley Blvd 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.	$490,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 6.88% Airbnb Rental Income: $1733 Traditional Rental Income: $4275 Airbnb ROI: 0.29% Traditional ROI: 6.88%
7047 Panoramic Dr Lucerne, CA This exceptional estate features meticulously landscaped grounds, a beautiful 2479-square-...	3 beds \| 2 baths \| 2,479 sq.ft.	$675,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.94% Airbnb Rental Income: $1733 Traditional Rental Income: $4625 Airbnb ROI: 0.59% Traditional ROI: 5.94%
7926 Richard Dr Lucerne, CA Beautiful home in the desirable waterfront community of Kono Tayee! Turn-key LAKE VIEW 3be...	3 beds \| 2 baths \| 1,749 sq.ft.	$379,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 7.54% Airbnb Rental Income: $1733 Traditional Rental Income: $3674 Airbnb ROI: 0.74% Traditional ROI: 7.54%
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: 2.04% Traditional cash on cash: 7.25% Airbnb Rental Income: $1733 Traditional Rental Income: $2918 Airbnb ROI: 2.04% Traditional ROI: 7.25%
6299 10th Ave Lucerne, CA	2 beds \| 1 baths \| 985 sq.ft.	$249,999	Airbnb cash on cash: 1.35% Traditional cash on cash: 8.86% Airbnb Rental Income: $1172 Traditional Rental Income: $2561 Airbnb ROI: 1.35% Traditional ROI: 8.86%
6726 Lakeshore Blvd Lucerne, CA Lakeside Comfort with Breathtaking Views! This well-cared-for 3-bed, 1-bath manufactured h...	3 beds \| 1 baths \| 950 sq.ft.	$249,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 10.43% Airbnb Rental Income: $1733 Traditional Rental Income: $2941 Airbnb ROI: 3.27% Traditional ROI: 10.43%
7762 Cora Lucerne, CA	2 beds \| 1 baths \| 1,956 sq.ft.	$464,900	Airbnb cash on cash: -0.12% Traditional cash on cash: 6.82% Airbnb Rental Income: $1172 Traditional Rental Income: $3811 Airbnb ROI: -0.12% Traditional ROI: 6.82%
411 Holly Creek Ln Lucerne, CA 411 Holly Creek Ln, Lucerne, CA 95526 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$138,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 7.8% Airbnb Rental Income: $785 Traditional Rental Income: $1358 Airbnb ROI: 1.06% Traditional ROI: 7.8%
8388 Paradise Lagoon Dr Lucerne, CA 8388 Paradise Lagoon Dr, Lucerne, CA 95458 \| Single Family Residential	3 beds \| 3 baths \| 2,167 sq.ft.	$575,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 3.87% Airbnb Rental Income: $1733 Traditional Rental Income: $3290 Airbnb ROI: 0.08% Traditional ROI: 3.87%
5905 E Highway 20 Lucerne, CA 5905 E Highway 20, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$399,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 0.54% Airbnb Rental Income: $785 Traditional Rental Income: $953 Airbnb ROI: -0.76% Traditional ROI: 0.54%
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: 3.64% Traditional cash on cash: 10.58% Airbnb Rental Income: $785 Traditional Rental Income: $944 Airbnb ROI: 3.64% Traditional ROI: 10.58%
4410 Bush St Lucerne, CA 4410 Bush St, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$70,000	Airbnb cash on cash: 3.61% Traditional cash on cash: 10.56% Airbnb Rental Income: $785 Traditional Rental Income: $948 Airbnb ROI: 3.61% Traditional ROI: 10.56%
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: 3.84% Traditional cash on cash: 11.03% Airbnb Rental Income: $785 Traditional Rental Income: $944 Airbnb ROI: 3.84% Traditional ROI: 11.03%
6325 Thirteenth Ave Lucerne, CA 6325 Thirteenth Ave, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 2.08% Traditional cash on cash: 7.01% Airbnb Rental Income: $785 Traditional Rental Income: $944 Airbnb ROI: 2.08% Traditional ROI: 7.01%
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: 2.08% Traditional cash on cash: 7% Airbnb Rental Income: $785 Traditional Rental Income: $944 Airbnb ROI: 2.08% 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: -0.18% Traditional cash on cash: 1.89% Airbnb Rental Income: $785 Traditional Rental Income: $953 Airbnb ROI: -0.18% Traditional ROI: 1.89%
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: -1.63% Traditional cash on cash: -1.47% Airbnb Rental Income: $785 Traditional Rental Income: $953 Airbnb ROI: -1.63% Traditional ROI: -1.47%
6963 Panoramic Lucerne, CA	3 beds \| 3 baths \| 2,184 sq.ft.	$465,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 8.69% Airbnb Rental Income: $1733 Traditional Rental Income: $4690 Airbnb ROI: 0.79% Traditional ROI: 8.69%
5250 Bartlett Spring Rd Lucerne, CA 5250 Bartlett Spring Rd, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$249,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.9% Airbnb Rental Income: $785 Traditional Rental Income: $954 Airbnb ROI: -0.17% Traditional ROI: 1.9%
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: -0.61% Traditional cash on cash: 2.47% Airbnb Rental Income: $1172 Traditional Rental Income: $2655 Airbnb ROI: -0.61% 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: 3% Traditional cash on cash: 7.22% Airbnb Rental Income: $1733 Traditional Rental Income: $2288 Airbnb ROI: 3% Traditional ROI: 7.22%
6397 Dixie Rd Lucerne, CA	2 beds \| 1 baths \| 1,015 sq.ft.	$179,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 8.13% Airbnb Rental Income: $1172 Traditional Rental Income: $1776 Airbnb ROI: 2.33% Traditional ROI: 8.13%
7765 Verna Way Lucerne, CA 7765 Verna Way, Lucerne, CA 95458 \| Manufactured Home	3 beds \| 2 baths \| 2,302 sq.ft.	$379,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 5.22% Airbnb Rental Income: $1733 Traditional Rental Income: $2579 Airbnb ROI: 1.51% Traditional ROI: 5.22%
7665 Milos Ct 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.	$599,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 3.67% Airbnb Rental Income: $1733 Traditional Rental Income: $3237 Airbnb ROI: 0.13% Traditional ROI: 3.67%
7805 Richard Lucerne, CA	2 beds \| 2 baths \| 1,112 sq.ft.	$429,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 4.22% Airbnb Rental Income: $1172 Traditional Rental Income: $2672 Airbnb ROI: -0.47% Traditional ROI: 4.22%
7072 Sonja Lu Lucerne, CA Charming Lake- Area Home with Private Garden Retreat Enjoy peaceful living in this 1,428-s...	2 beds \| 2 baths \| 1,428 sq.ft.	$269,950	Airbnb cash on cash: 1.14% Traditional cash on cash: 8.97% Airbnb Rental Income: $1172 Traditional Rental Income: $2780 Airbnb ROI: 1.14% Traditional ROI: 8.97%
7006 E Highway 20 Lucerne, CA Lakefront! 7 lots totaling approximately 1.37 acres on both sides of Hwy 20 East in Lucer...	2 beds \| 2 baths \| 1,500 sq.ft.	$299,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 6.52% Airbnb Rental Income: $1172 Traditional Rental Income: $2948 Airbnb ROI: -1.16% Traditional ROI: 6.52%
6135 15 N 12 Rd Lucerne, CA On Top of the World! Enjoy privacy, serenity, and breathtaking views from this incredible...	3 beds \| 2 baths \| 2,143 sq.ft.	$549,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 6.57% Airbnb Rental Income: $1733 Traditional Rental Income: $4160 Airbnb ROI: 0.91% Traditional ROI: 6.57%
6304 6th Lucerne, CA First time on the market. Affordable home on large lot and only a block and a half from th...	2 beds \| 1 baths \| 780 sq.ft.	$192,500	Airbnb cash on cash: 2.57% Traditional cash on cash: 11.47% Airbnb Rental Income: $1172 Traditional Rental Income: $2414 Airbnb ROI: 2.57% Traditional ROI: 11.47%
6541 E Highway 20 Lucerne, CA 6541 E Highway 20, Lucerne, CA 95458 \| Manufactured Home	2 beds \| 1 baths \| 500 sq.ft.	$229,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.93% Airbnb Rental Income: $1172 Traditional Rental Income: $1542 Airbnb ROI: 1.45% Traditional ROI: 4.93%
7097 High Vly Lucerne, CA 7097 High Vly, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 5.37% Airbnb Rental Income: $785 Traditional Rental Income: $1116 Airbnb ROI: 0.84% Traditional ROI: 5.37%
6847 High Vly Lucerne, CA 6847 High Vly, Lucerne, CA 95458 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 6.75% Airbnb Rental Income: $785 Traditional Rental Income: $1116 Airbnb ROI: 1.34% Traditional ROI: 6.75%

Real Estate investment in Lucerne, CA

There are 47 properties for sale in the city of Lucerne . The median list price in Lucerne is $213,884 and the average price per square foot is $163. In September 2026, the average monthly cash on cash return in Lucerne is 10.00%. The average monthly rental income in Lucerne is $2,114.

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

There are 47 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 $1,172.

Your search for investment property begins and ends here

Investment Property for Sale in Lucerne, CA

6956 Plaza Ct

Lucerne, CA

2 beds | 1 baths | 832 sq.ft.

$259,900

Airbnb cash on cash: 1.08%

Traditional cash on cash: 7.21%

Airbnb Rental Income: $1172

Traditional Rental Income: $2292

Airbnb ROI: 1.08%

Traditional ROI: 7.21%

8581 Paradise Valley Blvd

Lucerne, CA

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

$750,000

Airbnb cash on cash: -0.4%

Traditional cash on cash: 5.26%

Airbnb Rental Income: $1733

Traditional Rental Income: $5210

Airbnb ROI: -0.4%

Traditional ROI: 5.26%

6537 E Highway 20

Lucerne, CA

1 beds | 1 baths | 728 sq.ft.

$299,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $697

Traditional Rental Income: $2047

Airbnb ROI: -0.69%

Traditional ROI: 5.19%

7248 E Highway 20

Lucerne, CA

3 beds | 3 baths | 2,552 sq.ft.

$600,000

Airbnb cash on cash: 0.32%

Traditional cash on cash: 6.66%

Airbnb Rental Income: $1733

Traditional Rental Income: $4805

Airbnb ROI: 0.32%

Traditional ROI: 6.66%

4175 Ferrand Rd

Lucerne, CA

2 beds | 1 baths | 875 sq.ft.

$220,000

Airbnb cash on cash: 1.58%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $1172

Traditional Rental Income: $2375

Airbnb ROI: 1.58%

Traditional ROI: 9.2%

7775 Richard Dr

Lucerne, CA

1 beds | 1 baths | 784 sq.ft.

$285,000

Airbnb cash on cash: -0.78%

Traditional cash on cash: 3.71%

Airbnb Rental Income: $697

Traditional Rental Income: $1597

Airbnb ROI: -0.78%

Traditional ROI: 3.71%

4369 Lakeview Ter

Lucerne, CA

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

$225,000

Airbnb cash on cash: 3.07%

Traditional cash on cash: 11.7%

Airbnb Rental Income: $1733

Traditional Rental Income: $3092

Airbnb ROI: 3.07%

Traditional ROI: 11.7%

8656 Paradise Valley Blvd

Lucerne, CA

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

$490,000

Airbnb cash on cash: 0.29%

Traditional cash on cash: 6.88%

Airbnb Rental Income: $1733

Traditional Rental Income: $4275

Airbnb ROI: 0.29%