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
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.	$295,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 5.28% Airbnb Rental Income: $697 Traditional Rental Income: $2047 Airbnb ROI: -0.68% Traditional ROI: 5.28%
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.	$545,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 7.5% Airbnb Rental Income: $1733 Traditional Rental Income: $4805 Airbnb ROI: 0.53% Traditional ROI: 7.5%
7805 Richard Drive Lucerne, CA Imagine waking up to the glass-like stillness of the canal, where your private 34-foot doc...	2 beds \| 2 baths \| 1,112 sq.ft.	$429,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 4.01% Airbnb Rental Income: $1172 Traditional Rental Income: $2456 Airbnb ROI: -0.14% Traditional ROI: 4.01%
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: 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 Drive 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: -0.77% Traditional cash on cash: 3.71% Airbnb Rental Income: $697 Traditional Rental Income: $1597 Airbnb ROI: -0.77% Traditional ROI: 3.71%
6963 Panoramic Drive Lucerne, CA With beautiful views of Clear Lake and the surrounding hills, this updated three-level cus...	3 beds \| 3 baths \| 2,184 sq.ft.	$425,000	Airbnb cash on cash: 1% Traditional cash on cash: 8.67% Airbnb Rental Income: $1733 Traditional Rental Income: $4307 Airbnb ROI: 1% Traditional ROI: 8.67%
8656 Paradise Valley Boulevard Lucerne, CA Welcome to Paradise Cove, a gated lakeside community offering the lifestyle you've been wa...	3 beds \| 2 baths \| 2,199 sq.ft.	$479,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 7.07% Airbnb Rental Income: $1733 Traditional Rental Income: $4275 Airbnb ROI: 0.33% Traditional ROI: 7.07%
7926 Richard Drive 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.	$365,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 7.87% Airbnb Rental Income: $1733 Traditional Rental Income: $3674 Airbnb ROI: 0.81% Traditional ROI: 7.87%
6299 10th Avenue Lucerne, CA Charming Updated Home Just Steps from Clear Lake â Spacious Lot, Detached Garage, and Ex...	2 beds \| 1 baths \| 985 sq.ft.	$245,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 9.06% Airbnb Rental Income: $1172 Traditional Rental Income: $2561 Airbnb ROI: 1.4% Traditional ROI: 9.06%
7762 Cora Lucerne, CA Reduced! Lakefront Living or Weekend Hideaway. This beautiful home in Kono Tayee Estates...	2 beds \| 1 baths \| 1,956 sq.ft.	$449,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 7.08% Airbnb Rental Income: $1172 Traditional Rental Income: $3811 Airbnb ROI: -0.09% Traditional ROI: 7.08%
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.	$279,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 7.05% Airbnb Rental Income: $1172 Traditional Rental Income: $2948 Airbnb ROI: -1.17% Traditional ROI: 7.05%
6304 6th Avenue Lucerne, CA Super Summer Sale, price reduced for Quick Sale!! First time on the market. Affordable hom...	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%
6843 Virginia Lucerne, CA Enjoy the relaxed lifestyle of Lake County in this well-maintained single-story 3-bedroom,...	3 beds \| 2 baths \| 1,200 sq.ft.	$275,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 7.5% Airbnb Rental Income: $1733 Traditional Rental Income: $2491 Airbnb ROI: 2.73% Traditional ROI: 7.5%
5805 Arden Lucerne, CA Opportunity awaits at 5805 Arden Dr. in Lucerne! This 2-bedroom, 2-bath home offers a soli...	2 beds \| 2 baths \| 1,184 sq.ft.	$199,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 9.4% Airbnb Rental Income: $1172 Traditional Rental Income: $2200 Airbnb ROI: 1.92% Traditional ROI: 9.4%
6454 11th Lucerne, CA Welcome to your beautifully updated retreat in the heart of Lucerne! Tucked away on a quie...	2 beds \| 1 baths \| 832 sq.ft.	$250,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 7.2% Airbnb Rental Income: $1172 Traditional Rental Income: $2310 Airbnb ROI: 0.76% Traditional ROI: 7.2%
3944 Country Club Lucerne, CA Charming 3-bedroom, 2-bath home located close to shopping, dining, and the lake, offering ...	3 beds \| 2 baths \| 1,200 sq.ft.	$212,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 8.33% Airbnb Rental Income: $1733 Traditional Rental Income: $3083 Airbnb ROI: -0.77% Traditional ROI: 8.33%
7741 Al Lucerne, CA VIEWS, VIEWS, VIEWS! ???? Assumable VA Loan at 2.75% Three bedrooms and two restrooms, gam...	3 beds \| 2 baths \| 2,082 sq.ft.	$559,888	Airbnb cash on cash: -0.44% Traditional cash on cash: 5.3% Airbnb Rental Income: $1733 Traditional Rental Income: $4258 Airbnb ROI: -0.44% Traditional ROI: 5.3%
6633 Victoria Lucerne, CA Cozy Lucerne Retreat \| 3 Bed â¢ 2 Bath â¢ Creekside Backyard Welcome to 6633 Victoria...	3 beds \| 2 baths \| 1,344 sq.ft.	$298,888	Airbnb cash on cash: 2.28% Traditional cash on cash: 9.31% Airbnb Rental Income: $1733 Traditional Rental Income: $3233 Airbnb ROI: 2.28% Traditional ROI: 9.31%
6843 Rosemont Drive Lucerne, CA Beautifully updated 3-bedroom, 2.5-bath home in Lucerne with filtered lake views! This 1,9...	3 beds \| 2 baths \| 1,960 sq.ft.	$325,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 8.65% Airbnb Rental Income: $1733 Traditional Rental Income: $4128 Airbnb ROI: -0.75% Traditional ROI: 8.65%
3835 Country Club Drive Lucerne, CA Welcome home to 3835 Country Club Dr! Built in 2006, this 3-bedroom, 2-bathroom home offe...	3 beds \| 2 baths \| 1,390 sq.ft.	$255,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 10.27% Airbnb Rental Income: $1733 Traditional Rental Income: $3084 Airbnb ROI: 2.68% Traditional ROI: 10.27%
4262 Country Club Lucerne, CA Charming Move-In-Ready Home Near Clear Lake! Discover the charm of Lucerne, California, k...	2 beds \| 1 baths \| 1,284 sq.ft.	$259,500	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.49% Airbnb Rental Income: $1172 Traditional Rental Income: $1392 Airbnb ROI: 1.02% Traditional ROI: 3.49%

Real Estate investment in Lucerne, CA

There are 21 properties for sale in the city of Lucerne . The median list price in Lucerne is $139,907 and the average price per square foot is $97. In October 2026, the average monthly cash on cash return in Lucerne is 8.00%. The average monthly rental income in Lucerne is $3,083.

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

There are 21 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 $3,083.

Your search for investment property begins and ends here

Investment Property for Sale in Lucerne, CA

6537 E Highway 20

Lucerne, CA

1 beds | 1 baths | 728 sq.ft.

$295,000

Airbnb cash on cash: -0.68%

Traditional cash on cash: 5.28%

Airbnb Rental Income: $697

Traditional Rental Income: $2047

Airbnb ROI: -0.68%

Traditional ROI: 5.28%

7248 E Highway 20

Lucerne, CA

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

$545,000

Airbnb cash on cash: 0.53%

Traditional cash on cash: 7.5%

Airbnb Rental Income: $1733

Traditional Rental Income: $4805

Airbnb ROI: 0.53%

Traditional ROI: 7.5%

7805 Richard Drive

Lucerne, CA

2 beds | 2 baths | 1,112 sq.ft.

$429,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $1172

Traditional Rental Income: $2456

Airbnb ROI: -0.14%

Traditional ROI: 4.01%

4175 Ferrand Road

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 Drive

Lucerne, CA

1 beds | 1 baths | 784 sq.ft.

$285,000

Airbnb cash on cash: -0.77%

Traditional cash on cash: 3.71%

Airbnb Rental Income: $697

Traditional Rental Income: $1597

Airbnb ROI: -0.77%

Traditional ROI: 3.71%

6963 Panoramic Drive

Lucerne, CA

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

$425,000

Airbnb cash on cash: 1%

Traditional cash on cash: 8.67%

Airbnb Rental Income: $1733

Traditional Rental Income: $4307

Airbnb ROI: 1%

Traditional ROI: 8.67%

8656 Paradise Valley Boulevard

Lucerne, CA

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

$479,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 7.07%

Airbnb Rental Income: $1733

Traditional Rental Income: $4275

Airbnb ROI: 0.33%

Traditional ROI: 7.07%

7926 Richard Drive

Lucerne, CA

3 beds | 2 baths | 1,749 sq.ft.

$365,000

Airbnb cash on cash: 0.81%

Traditional cash on cash: 7.87%

Airbnb Rental Income: $1733

Traditional Rental Income: $3674

Airbnb ROI: 0.81%