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
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%
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%
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.	$321,900	Airbnb cash on cash: 4.8% Traditional cash on cash: 7.07% Airbnb Rental Income: $2528 Traditional Rental Income: $2605 Airbnb ROI: 4.8% Traditional ROI: 7.07%
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%
9983 Ladera Avenue Lucerne Valley, CA A little gem in the Vista Tract. Just down from the Market, this home features 4 bedrooms ...	4 beds \| 3 baths \| 1,620 sq.ft.	$375,000	Airbnb cash on cash: 8.99% Traditional cash on cash: 6.44% Airbnb Rental Income: $4874 Traditional Rental Income: $2977 Airbnb ROI: 8.99% Traditional ROI: 6.44%
36281 Fleetwood Street Lucerne Valley, CA 5 Acres with Two Homes â Fully Fenced & Ideal for Investment! This unique property co...	3 beds \| 2 baths \| 1,429 sq.ft.	$309,900	Airbnb cash on cash: 8.76% Traditional cash on cash: 9.47% Airbnb Rental Income: $3797 Traditional Rental Income: $3181 Airbnb ROI: 8.76% Traditional ROI: 9.47%
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%
10099 Highland Avenue Lucerne Valley, CA Organic Orchard Estate â 19.5 Acres of Fully Operational Farmland with Residence, ADU, E...	4 beds \| 3 baths \| 2,000 sq.ft.	$969,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 1.28% Airbnb Rental Income: $4874 Traditional Rental Income: $2833 Airbnb ROI: 2.44% Traditional ROI: 1.28%
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%
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%
32320 Sutter Road Lucerne Valley, CA Don't let the age of this home fool you. Owners have meticulously turned this into a beaut...	1 beds \| 1 baths \| 1,142 sq.ft.	$275,000	Airbnb cash on cash: 3.3% Traditional cash on cash: 6.53% Airbnb Rental Income: $1910 Traditional Rental Income: $2241 Airbnb ROI: 3.3% Traditional ROI: 6.53%
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%
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.	$640,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 2.7% Airbnb Rental Income: $3797 Traditional Rental Income: $2529 Airbnb ROI: 3.45% Traditional ROI: 2.7%
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.	$264,900	Airbnb cash on cash: 9.78% Traditional cash on cash: 10.57% Airbnb Rental Income: $3797 Traditional Rental Income: $3173 Airbnb ROI: 9.78% Traditional ROI: 10.57%
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.	$399,999	Airbnb cash on cash: 8.54% Traditional cash on cash: 7.16% Airbnb Rental Income: $4874 Traditional Rental Income: $3355 Airbnb ROI: 8.54% Traditional ROI: 7.16%
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%
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 with Lifetime Com...	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%
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.	$373,000	Airbnb cash on cash: 7.01% Traditional cash on cash: 6.05% Airbnb Rental Income: $3797 Traditional Rental Income: $2639 Airbnb ROI: 7.01% Traditional ROI: 6.05%
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.	$178,000	Airbnb cash on cash: 6.26% Traditional cash on cash: 10.16% Airbnb Rental Income: $1910 Traditional Rental Income: $2065 Airbnb ROI: 6.26% Traditional ROI: 10.16%
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%
32224 Emerald Lucerne Valley, CA New construction 3 bedroom 2 bathroom 500 square foot garage large kitchen with walk in pa...	3 beds \| 2 baths \| 1,270 sq.ft.	$349,900	Airbnb cash on cash: 7.66% Traditional cash on cash: 7.26% Airbnb Rental Income: $3797 Traditional Rental Income: $2842 Airbnb ROI: 7.66% Traditional ROI: 7.26%
10080 Santa Fe Fire Road Lucerne Valley, CA This is a great opportunity you won't want to miss--thanks to the current pistachio supply...	2 beds \| 2 baths \| 924 sq.ft.	$230,000	Airbnb cash on cash: 7.03% Traditional cash on cash: 8.84% Airbnb Rental Income: $2528 Traditional Rental Income: $2310 Airbnb ROI: 7.03% Traditional ROI: 8.84%
33393 EL DORADO Drive Lucerne Valley, CA darling 3 bedroom 2 bath home on a paved street in the heart of lucerne valley, open kitch...	3 beds \| 2 baths \| 1,274 sq.ft.	$359,900	Airbnb cash on cash: 6.62% Traditional cash on cash: 6.22% Airbnb Rental Income: $3797 Traditional Rental Income: $2842 Airbnb ROI: 6.62% Traditional ROI: 6.22%
7543 Mesa Lucerne Valley, CA This cozy 2Bd/1Ba cottage-style home sits high above Lucerne Valley, offering stunning vie...	2 beds \| 1 baths \| 672 sq.ft.	$229,900	Airbnb cash on cash: 6.37% Traditional cash on cash: 7.02% Airbnb Rental Income: $2528 Traditional Rental Income: $2060 Airbnb ROI: 6.37% Traditional ROI: 7.02%
28728 Suncrest Road Lucerne Valley, CA Ranch home on 5 acres located in a quiet cove setting, fully fenced and ready for horses. ...	3 beds \| 2 baths \| 2,249 sq.ft.	$399,000	Airbnb cash on cash: 5.79% Traditional cash on cash: 6.72% Airbnb Rental Income: $3797 Traditional Rental Income: $3325 Airbnb ROI: 5.79% Traditional ROI: 6.72%
30956 Sutter Lucerne Valley, CA Mile Hi Ranch! If you love animals, this is the place for you. 2 live ponds with Koi & Tur...	4 beds \| 2 baths \| 2,496 sq.ft.	$469,990	Airbnb cash on cash: 7.06% Traditional cash on cash: 7.86% Airbnb Rental Income: $4874 Traditional Rental Income: $4221 Airbnb ROI: 7.06% Traditional ROI: 7.86%
31128 Sage Road Lucerne Valley, CA Come see this amazing home situated on 4 acres . Bring your toys and animals because there...	3 beds \| 1 baths \| 1,515 sq.ft.	$350,000	Airbnb cash on cash: 6.87% Traditional cash on cash: 4.94% Airbnb Rental Income: $3797 Traditional Rental Income: $2343 Airbnb ROI: 6.87% Traditional ROI: 4.94%
14588 Locust Lucerne Valley, CA The home needs some repairs and renovation. Ideal for investors, flipper, or contractors. ...	2 beds \| 1 baths \| 1,088 sq.ft.	$240,000	Airbnb cash on cash: 6.08% Traditional cash on cash: 8.09% Airbnb Rental Income: $2528 Traditional Rental Income: $2374 Airbnb ROI: 6.08% Traditional ROI: 8.09%
32358 Emerald Lucerne Valley, CA PRICE IMPROVEMENT - A home with an accurate description with a million $$ view! Visit thi...	3 beds \| 2 baths \| 1,250 sq.ft.	$379,000	Airbnb cash on cash: 6.45% Traditional cash on cash: 6.03% Airbnb Rental Income: $3797 Traditional Rental Income: $2824 Airbnb ROI: 6.45% Traditional ROI: 6.03%
32786 Topaz Road Lucerne Valley, CA New Construction home with a spectacular view. Three bedrooms, two bathrooms, 1270 sq feet...	3 beds \| 2 baths \| 1,270 sq.ft.	$349,999	Airbnb cash on cash: 7.66% Traditional cash on cash: 7.54% Airbnb Rental Income: $3797 Traditional Rental Income: $2938 Airbnb ROI: 7.66% Traditional ROI: 7.54%
9982 El Sereno Lucerne Valley, CA Priced to Sell! 3 Bedroom, 2 Bath Home with Attached 2-Car Garage Spacious 3-bedroom, 2-b...	3 beds \| 2 baths \| 1,080 sq.ft.	$295,000	Airbnb cash on cash: 8.48% Traditional cash on cash: 7.91% Airbnb Rental Income: $3797 Traditional Rental Income: $2816 Airbnb ROI: 8.48% Traditional ROI: 7.91%
36165 Sutter Lucerne Valley, CA New Construction â 4 Bedroom, 2 Bath Home on 1.25 Acres with Paid-Off Solar Beautiful n...	4 beds \| 2 baths \| 1,707 sq.ft.	$430,000	Airbnb cash on cash: 8.26% Traditional cash on cash: 6.14% Airbnb Rental Income: $4874 Traditional Rental Income: $3015 Airbnb ROI: 8.26% Traditional ROI: 6.14%
38744 East End Road Lucerne Valley, CA Embrace breathtaking mountain views and vast open space in this spacious 3-bedroom, 2-bath...	3 beds \| 2 baths \| 1,956 sq.ft.	$425,000	Airbnb cash on cash: 6.13% Traditional cash on cash: 6.29% Airbnb Rental Income: $3797 Traditional Rental Income: $3039 Airbnb ROI: 6.13% Traditional ROI: 6.29%
34143 Northside Lucerne Valley, CA 2 Bedroom 1 bath home on a huge 112,384 SQFT lot 2.58 Acres. Possibilities are endless	2 beds \| 1 baths \| 728 sq.ft.	$275,000	Airbnb cash on cash: 5.09% Traditional cash on cash: 6.15% Airbnb Rental Income: $2528 Traditional Rental Income: $2194 Airbnb ROI: 5.09% Traditional ROI: 6.15%

Real Estate investment in Lucerne-valley, CA

There are 43 properties for sale in the city of Lucerne Valley . The median list price in Lucerne Valley is $325,000 and the average price per square foot is $208. In December 2025, the average monthly cash on cash return in Lucerne Valley is 7.00%. The average monthly rental income in Lucerne Valley is $2,831.

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

There are 43 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

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%

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%

35625 Ute Trail

Lucerne Valley, CA

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

$321,900

Airbnb cash on cash: 4.8%

Traditional cash on cash: 7.07%

Airbnb Rental Income: $2528

Traditional Rental Income: $2605

Airbnb ROI: 4.8%

Traditional ROI: 7.07%

45757 Paddington Road

Lucerne Valley, CA

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%

9983 Ladera Avenue

Lucerne Valley, CA

4 beds | 3 baths | 1,620 sq.ft.

$375,000

Airbnb cash on cash: 8.99%

Traditional cash on cash: 6.44%

Airbnb Rental Income: $4874

Traditional Rental Income: $2977

Airbnb ROI: 8.99%

Traditional ROI: 6.44%

36281 Fleetwood Street

Lucerne Valley, CA

3 beds | 2 baths | 1,429 sq.ft.

$309,900

Airbnb cash on cash: 8.76%

Traditional cash on cash: 9.47%

Airbnb Rental Income: $3797

Traditional Rental Income: $3181

Airbnb ROI: 8.76%

Traditional ROI: 9.47%

11330 Lakeview Avenue

Lucerne Valley, CA

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%

10099 Highland Avenue

Lucerne Valley, CA

4 beds | 3 baths | 2,000 sq.ft.

$969,000

Airbnb cash on cash: 2.44%

Traditional cash on cash: 1.28%

Airbnb Rental Income: $4874

Traditional Rental Income: $2833

Airbnb ROI: 2.44%