Real Estate Investment Properties for Sale in Lucerne Valley, CA

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

Explore a variety of short-term homes & houses in Lucerne Valley, CA. Invest wisely with VRBO & Lucerne Valley, 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 Valley, CA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
32725 Spinel Road Lucerne Valley, CA Charming 3-bedroom, 2-bathroom home in the peaceful and highly sought-after Lucerne Valley...	3 beds \| 2 baths \| 1,216 sq.ft.	$300,000	Airbnb cash on cash: 8.45% Traditional cash on cash: 7.16% Airbnb Rental Income: $3797 Traditional Rental Income: $2611 Airbnb ROI: 8.45% Traditional ROI: 7.16%
10656 Allen Way Lucerne Valley, CA Sitting on 2.06 acres in Lucerne Valley this home has been lovingly remodeled by the owner...	2 beds \| 1 baths \| 1,052 sq.ft.	$375,000	Airbnb cash on cash: 3.99% Traditional cash on cash: 6.54% Airbnb Rental Income: $2528 Traditional Rental Income: $2813 Airbnb ROI: 3.99% Traditional ROI: 6.54%
8975 Pumalo Road Lucerne Valley, CA Amidst the serene landscapes of Apple Valley, is a property, brimming with potential, beck...	4 beds \| 2 baths \| 1,997 sq.ft.	$400,000	Airbnb cash on cash: 8.39% Traditional cash on cash: 6.88% Airbnb Rental Income: $4874 Traditional Rental Income: $3305 Airbnb ROI: 8.39% Traditional ROI: 6.88%
38450 State Highway 18 Lucerne Valley, CA Beautifully rehabilitated homestead ready for new owners. This serene, private 6.74 acre p...	2 beds \| 1 baths \| 1,306 sq.ft.	$389,900	Airbnb cash on cash: 3.76% Traditional cash on cash: 5.08% Airbnb Rental Income: $2528 Traditional Rental Income: $2399 Airbnb ROI: 3.76% Traditional ROI: 5.08%
32161 Zircon Road Lucerne Valley, CA Newer Home in Lucerne Valley!! Built in 2006 3 Bedroom 2 Bathrooms on a Half Acre Lot!! ...	3 beds \| 2 baths \| 1,228 sq.ft.	$290,000	Airbnb cash on cash: 9.09% Traditional cash on cash: 7.93% Airbnb Rental Income: $3797 Traditional Rental Income: $2657 Airbnb ROI: 9.09% Traditional ROI: 7.93%
32758 Spinel Road Lucerne Valley, CA Discover the perfect blend of comfort, convenience, and versatility in this stunning Lucer...	3 beds \| 2 baths \| 1,654 sq.ft.	$420,000	Airbnb cash on cash: 5.92% Traditional cash on cash: 5.54% Airbnb Rental Income: $3797 Traditional Rental Income: $2829 Airbnb ROI: 5.92% Traditional ROI: 5.54%
10424 Santa Fe Fire Road Lucerne Valley, CA Located in the rapidly developing rural town of Lucerne Valley, CA, 10424 Santa Fe Fire Rd...	3 beds \| 3 baths \| 1,989 sq.ft.	$575,000	Airbnb cash on cash: 4.15% Traditional cash on cash: 4.88% Airbnb Rental Income: $3797 Traditional Rental Income: $3367 Airbnb ROI: 4.15% Traditional ROI: 4.88%
35625 Ute Trail Lucerne Valley, CA COMPLETELY REMODELED HOME WITH 2 SPACIOUS BEDROOMS AND 2 FULL BATHROOMS. NEW MODERN TITLE ...	2 beds \| 2 baths \| 1,100 sq.ft.	$310,900	Airbnb cash on cash: 5% Traditional cash on cash: 7.35% Airbnb Rental Income: $2528 Traditional Rental Income: $2605 Airbnb ROI: 5% Traditional ROI: 7.35%
45757 Paddington Road Lucerne Valley, CA Beautiful Single Story Home in the Highly Desired area of Lucerne Valley. Close To OHV Are...	2 beds \| 1 baths \| 1,080 sq.ft.	$215,000	Airbnb cash on cash: 7.62% Traditional cash on cash: 8.38% Airbnb Rental Income: $2528 Traditional Rental Income: $2072 Airbnb ROI: 7.62% Traditional ROI: 8.38%
36281 Fleetwood Street Lucerne Valley, CA 5 Acres with Two Homes â Fully Fenced & Ideal for Investment! This unique property co...	2 beds \| 1 baths \| 925 sq.ft.	$319,900	Airbnb cash on cash: 4.94% Traditional cash on cash: 9.14% Airbnb Rental Income: $2528 Traditional Rental Income: $3181 Airbnb ROI: 4.94% Traditional ROI: 9.14%
11330 Lakeview Avenue Lucerne Valley, CA Welcome to this peaceful and picturesque 3-bedroom, 2-bathroom home, complete with a spaci...	3 beds \| 2 baths \| 1,456 sq.ft.	$325,000	Airbnb cash on cash: 7.68% Traditional cash on cash: 7.68% Airbnb Rental Income: $3797 Traditional Rental Income: $2977 Airbnb ROI: 7.68% Traditional ROI: 7.68%
34738 Old Woman Springs Road Lucerne Valley, CA Located on a spacious 5-acre lot in the heart of Lucerne Valley, this charming 3-bedroom, ...	3 beds \| 2 baths \| 1,552 sq.ft.	$680,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 2.37% Airbnb Rental Income: $3797 Traditional Rental Income: $2710 Airbnb ROI: 2.79% Traditional ROI: 2.37%
32461 Morse Lane Lucerne Valley, CA Escape to the serenity of Lucerne Valley with this charming 2-bedroom, 2-bath home nestled...	2 beds \| 2 baths \| 1,148 sq.ft.	$269,000	Airbnb cash on cash: 5.64% Traditional cash on cash: 7.65% Airbnb Rental Income: $2528 Traditional Rental Income: $2428 Airbnb ROI: 5.64% Traditional ROI: 7.65%
10849 Barstow Road Lucerne Valley, CA Beautiful pistachio farm is 4.9 acres, electricity, 2 wells, a green house of about 3,000 ...	4 beds \| 3 baths \| 2,500 sq.ft.	$479,000	Airbnb cash on cash: 6.68% Traditional cash on cash: 7.52% Airbnb Rental Income: $4874 Traditional Rental Income: $4249 Airbnb ROI: 6.68% Traditional ROI: 7.52%
32776 Zircon Road Lucerne Valley, CA RECENTLY RENOVATED WITH BREATHTAKING UPGRADES, including laminate flooring, elevated baseb...	3 beds \| 2 baths \| 1,688 sq.ft.	$349,999	Airbnb cash on cash: 7.01% Traditional cash on cash: 6.25% Airbnb Rental Income: $3797 Traditional Rental Income: $2724 Airbnb ROI: 7.01% Traditional ROI: 6.25%
9125 Mesa Road Lucerne Valley, CA Welcome to 9125 Mesa Rd, Lucerne Valley, CA 92356 - Your Dream Jujube Farm Awaits!Have you...	3 beds \| 2 baths \| 1,326 sq.ft.	$870,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 2.47% Airbnb Rental Income: $3797 Traditional Rental Income: $3041 Airbnb ROI: 2.39% Traditional ROI: 2.47%
31072 Azurite Road Lucerne Valley, CA This property offers a tranquil environment with a blank canvas and stunning views. It is ...	1 beds \| 1 baths \| 1,000 sq.ft.	$216,200	Airbnb cash on cash: 4.64% Traditional cash on cash: 8.82% Airbnb Rental Income: $1910 Traditional Rental Income: $2258 Airbnb ROI: 4.64% Traditional ROI: 8.82%
11446 Midway Avenue Lucerne Valley, CA This is a gorgeous home, 4 bedrooms, 3 bathrooms, on over 18 acres of land. Income is prod...	4 beds \| 2 baths \| 2,438 sq.ft.	$1,100,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 1.45% Airbnb Rental Income: $4874 Traditional Rental Income: $3015 Airbnb ROI: 2.29% Traditional ROI: 1.45%
30788 Buenos Aires Road Lucerne Valley, CA Welcome to this spacious and beautifully updated home on 4.24 fully fenced acres with 360Â...	4 beds \| 3 baths \| 3,041 sq.ft.	$575,000	Airbnb cash on cash: 5.46% Traditional cash on cash: 5.67% Airbnb Rental Income: $4874 Traditional Rental Income: $3982 Airbnb ROI: 5.46% Traditional ROI: 5.67%
9975 Custer Avenue Lucerne Valley, CA Nestled on 3.57 acres in the heart of Lucerne Valley, this unique farm-style property offe...	3 beds \| 2 baths \| 2,304 sq.ft.	$670,000	Airbnb cash on cash: 3.25% Traditional cash on cash: 2.54% Airbnb Rental Income: $3797 Traditional Rental Income: $2529 Airbnb ROI: 3.25% Traditional ROI: 2.54%
31277 Sage Street Lucerne Valley, CA 2 Homes \| 2+ Acres Expansive property with Private Well. Such a Rare Find! Fully fenc...	4 beds \| 3 baths \| 2,440 sq.ft.	$419,000	Airbnb cash on cash: 8.2% Traditional cash on cash: 4.93% Airbnb Rental Income: $4874 Traditional Rental Income: $2587 Airbnb ROI: 8.2% Traditional ROI: 4.93%
9404 Mesa Road Lucerne Valley, CA Welcome to your dream home at 9404 Meza Rd! This beautiful 2-bedroom, 1-bathroom residence...	2 beds \| 1 baths \| 1,152 sq.ft.	$259,999	Airbnb cash on cash: 5.98% Traditional cash on cash: 4.68% Airbnb Rental Income: $2528 Traditional Rental Income: $1600 Airbnb ROI: 5.98% Traditional ROI: 4.68%
10394 Baker Road Lucerne Valley, CA Some of the most sought-after features in Lucerne Valley. This 3 bedroom, 1.5 bath home is...	3 beds \| 1 baths \| 1,370 sq.ft.	$289,999	Airbnb cash on cash: 8.94% Traditional cash on cash: 5.13% Airbnb Rental Income: $3797 Traditional Rental Income: $1936 Airbnb ROI: 8.94% Traditional ROI: 5.13%
35833 Sutter Avenue Lucerne Valley, CA 3 bedroom 2 bath home. This home has carpet in the bedrooms and tile flooring in the kitc...	3 beds \| 2 baths \| 1,520 sq.ft.	$289,900	Airbnb cash on cash: 8.8% Traditional cash on cash: 9.52% Airbnb Rental Income: $3797 Traditional Rental Income: $3173 Airbnb ROI: 8.8% Traditional ROI: 9.52%
9210 Mesa Road Lucerne Valley, CA Incredible two-story home located in a highly sought-after area of Lucerne Valley! This pr...	4 beds \| 3 baths \| 2,120 sq.ft.	$450,000	Airbnb cash on cash: 7.49% Traditional cash on cash: 6.26% Airbnb Rental Income: $4874 Traditional Rental Income: $3355 Airbnb ROI: 7.49% Traditional ROI: 6.26%
8130 Camp Rock Road Lucerne Valley, CA Large Double Wide 3 bedroom, 2 bath home on permanent foundation with easy paved road acce...	3 beds \| 2 baths \| 1,782 sq.ft.	$319,000	Airbnb cash on cash: 8.03% Traditional cash on cash: 10.22% Airbnb Rental Income: $3797 Traditional Rental Income: $3633 Airbnb ROI: 8.03% Traditional ROI: 10.22%
31163 Villa Nova Road Lucerne Valley, CA RANCH style home sits on 20 acres!! Established in 2015 - this unique fully furnished hom...	4 beds \| 3 baths \| 3,136 sq.ft.	$600,000	Airbnb cash on cash: 5.07% Traditional cash on cash: 5.16% Airbnb Rental Income: $4874 Traditional Rental Income: $3919 Airbnb ROI: 5.07% Traditional ROI: 5.16%
35793 Sage Street Lucerne Valley, CA *NEW CONSTRUCTIONPAVED RD**Brand new beautiful modern 3 bedroom, 2 bathroom house on...	3 beds \| 2 baths \| 1,270 sq.ft.	$349,900	Airbnb cash on cash: 7.64% Traditional cash on cash: 8.04% Airbnb Rental Income: $3797 Traditional Rental Income: $3107 Airbnb ROI: 7.64% Traditional ROI: 8.04%
32222 Richard Street Lucerne Valley, CA This 1-bedroom, 1-bathroom home is a desert gem, with stunning panoramic views of the vall...	1 beds \| 1 baths \| 1,032 sq.ft.	$255,000	Airbnb cash on cash: 4.1% Traditional cash on cash: 7.66% Airbnb Rental Income: $1910 Traditional Rental Income: $2259 Airbnb ROI: 4.1% Traditional ROI: 7.66%
38013 Foothill Road Lucerne Valley, CA 20 Acre Horse Ranch w Guest House - Fully Furnished! This Property is a Unique and Rare F...	4 beds \| 4 baths \| 2,970 sq.ft.	$479,900	Airbnb cash on cash: 7.39% Traditional cash on cash: 5.43% Airbnb Rental Income: $4874 Traditional Rental Income: $2993 Airbnb ROI: 7.39% Traditional ROI: 5.43%
9025 Camp Rock Road Lucerne Valley, CA Imagine this!! A Fabulous Estate Property Featuring a Wildlife Sanctuary, Equestrian Ranch...	2 beds \| 2 baths \| 1,800 sq.ft.	$1,988,880	Airbnb cash on cash: -0.09% Traditional cash on cash: 0.53% Airbnb Rental Income: $2528 Traditional Rental Income: $3070 Airbnb ROI: -0.09% Traditional ROI: 0.53%
36160 Palm Road Lucerne Valley, CA Completely remolded. All updates completed in 2023 2 bedrooms 1 bath with walk-in shower 1...	2 beds \| 1 baths \| 1,350 sq.ft.	$330,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 6.97% Airbnb Rental Income: $2528 Traditional Rental Income: $2698 Airbnb ROI: 4.45% Traditional ROI: 6.97%
10172 Tradepost Road Lucerne Valley, CA THREE HOMES on 10 acres! Each home has its own electric meter, the convenience of natural ...	4 beds \| 3 baths \| 2,204 sq.ft.	$419,000	Airbnb cash on cash: 8.39% Traditional cash on cash: 9.3% Airbnb Rental Income: $4874 Traditional Rental Income: $4231 Airbnb ROI: 8.39% Traditional ROI: 9.3%
10369 Fairlane Road Lucerne Valley, CA Welcome to your peaceful escape! This unique 5-acre property offers breathtaking, serene v...	2 beds \| 2 baths \| 1,270 sq.ft.	$225,000	Airbnb cash on cash: 7.21% Traditional cash on cash: 10.6% Airbnb Rental Income: $2528 Traditional Rental Income: $2640 Airbnb ROI: 7.21% Traditional ROI: 10.6%
31188 Morningside Street Lucerne Valley, CA Beautiful two houses in ONE BIG LOT! This is a horse property with two units. Front house ...	4 beds \| 2 baths \| 1,680 sq.ft.	$435,000	Airbnb cash on cash: 3.15% Traditional cash on cash: 2.5% Airbnb Rental Income: $2528 Traditional Rental Income: $1558 Airbnb ROI: 3.15% Traditional ROI: 2.5%
31024 Rabbit Springs Road Lucerne Valley, CA Immaculate Spanish-style oasis nestled on over 10 acres! This custom-built estate offer ov...	4 beds \| 5 baths \| 3,614 sq.ft.	$1,675,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 3.61% Airbnb Rental Income: $4874 Traditional Rental Income: $7930 Airbnb ROI: 1.01% Traditional ROI: 3.61%
9054 Palomar Trail Lucerne Valley, CA Nestled in the heart of the High Desert, Lucerne Valley offers a lifestyle that's both pea...	3 beds \| 1 baths \| 2,209 sq.ft.	$398,000	Airbnb cash on cash: 6.51% Traditional cash on cash: 5.61% Airbnb Rental Income: $3797 Traditional Rental Income: $2639 Airbnb ROI: 6.51% Traditional ROI: 5.61%
30229 Bourbon Road Lucerne Valley, CA Charming 1-Bedroom Home on 5 Acres Discover cozy country living in this one-bedroom, on...	1 beds \| 1 baths \| 784 sq.ft.	$210,000	Airbnb cash on cash: 5.18% Traditional cash on cash: 8.5% Airbnb Rental Income: $1910 Traditional Rental Income: $2065 Airbnb ROI: 5.18% Traditional ROI: 8.5%
9125 Visalia Avenue Lucerne Valley, CA 3 Bed, 2 Bath Home on 1.25 Acres â Desirable Lucerne Valley Location! Welcome to this...	3 beds \| 2 baths \| 1,248 sq.ft.	$275,000	Airbnb cash on cash: 9.88% Traditional cash on cash: 9.44% Airbnb Rental Income: $3797 Traditional Rental Income: $2863 Airbnb ROI: 9.88% Traditional ROI: 9.44%
35862 Rabbit Spring Road Lucerne Valley, CA This beautiful 4-bedroom, 2-bathroom home offers approximately 1,500 square feet of comfor...	4 beds \| 2 baths \| 1,156 sq.ft.	$375,000	Airbnb cash on cash: 9.24% Traditional cash on cash: 6.79% Airbnb Rental Income: $4874 Traditional Rental Income: $3011 Airbnb ROI: 9.24% Traditional ROI: 6.79%

Real Estate investment in Lucerne-valley, CA

There are 46 properties for sale in the city of Lucerne Valley . The median list price in Lucerne Valley is $322,500 and the average price per square foot is $205. In September 2025, the average monthly cash on cash return in Lucerne Valley is 7.00%. The average monthly rental income in Lucerne Valley is $2,716.

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

There are 46 investment properties available for sale in Lucerne-valley.

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

The ROI for Short-Term is higher than the Long-Term in Lucerne-valley with average rental income of $3,797.

Your search for investment property begins and ends here

Investment Property for Sale in Lucerne Valley, CA

32725 Spinel Road

Lucerne Valley, CA

3 beds | 2 baths | 1,216 sq.ft.

$300,000

Airbnb cash on cash: 8.45%

Traditional cash on cash: 7.16%

Airbnb Rental Income: $3797

Traditional Rental Income: $2611

Airbnb ROI: 8.45%

Traditional ROI: 7.16%

10656 Allen Way

Lucerne Valley, CA

2 beds | 1 baths | 1,052 sq.ft.

$375,000

Airbnb cash on cash: 3.99%

Traditional cash on cash: 6.54%

Airbnb Rental Income: $2528

Traditional Rental Income: $2813

Airbnb ROI: 3.99%

Traditional ROI: 6.54%

8975 Pumalo Road

Lucerne Valley, CA

4 beds | 2 baths | 1,997 sq.ft.

$400,000

Airbnb cash on cash: 8.39%

Traditional cash on cash: 6.88%

Airbnb Rental Income: $4874

Traditional Rental Income: $3305

Airbnb ROI: 8.39%

Traditional ROI: 6.88%

38450 State Highway 18

Lucerne Valley, CA

2 beds | 1 baths | 1,306 sq.ft.

$389,900

Airbnb cash on cash: 3.76%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $2528

Traditional Rental Income: $2399

Airbnb ROI: 3.76%

Traditional ROI: 5.08%

32161 Zircon Road

Lucerne Valley, CA

3 beds | 2 baths | 1,228 sq.ft.

$290,000

Airbnb cash on cash: 9.09%

Traditional cash on cash: 7.93%

Airbnb Rental Income: $3797

Traditional Rental Income: $2657

Airbnb ROI: 9.09%

Traditional ROI: 7.93%

32758 Spinel Road

Lucerne Valley, CA

3 beds | 2 baths | 1,654 sq.ft.

$420,000

Airbnb cash on cash: 5.92%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $3797

Traditional Rental Income: $2829

Airbnb ROI: 5.92%

Traditional ROI: 5.54%

10424 Santa Fe Fire Road

Lucerne Valley, CA

3 beds | 3 baths | 1,989 sq.ft.

$575,000

Airbnb cash on cash: 4.15%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $3797

Traditional Rental Income: $3367

Airbnb ROI: 4.15%

Traditional ROI: 4.88%

35625 Ute Trail

Lucerne Valley, CA

2 beds | 2 baths | 1,100 sq.ft.

$310,900

Airbnb cash on cash: 5%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $2528

Traditional Rental Income: $2605

Airbnb ROI: 5%