Real Estate Investment Properties for Sale in Tehachapi, CA

Looking for investment property in Tehachapi, CA with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
29600 Goldspike Road Tehachapi, CA Fabulous price improvement! Welcome to your fabulous Mountain home in the gated community...	2 beds \| 2 baths \| 2,610 sq.ft.	$599,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 2.72% Airbnb Rental Income: $3143 Traditional Rental Income: $2793 Airbnb ROI: 2.07% Traditional ROI: 2.72%
25904 Bear Valley Road Tehachapi, CA This stunning modern farmhouse effortlessly combines comfort and rustic charm! With 3 bedr...	3 beds \| 2 baths \| 2,462 sq.ft.	$699,000	Airbnb cash on cash: 1% Traditional cash on cash: 2.71% Airbnb Rental Income: $2729 Traditional Rental Income: $3203 Airbnb ROI: 1% Traditional ROI: 2.71%
438 Sherwood Place Tehachapi, CA Welcome to this Great starter 2-story home located in a lovely street, offering 4-bedrooms...	4 beds \| 2 baths \| 1,641 sq.ft.	$398,000	Airbnb cash on cash: 8.91% Traditional cash on cash: 4.84% Airbnb Rental Income: $5112 Traditional Rental Income: $2552 Airbnb ROI: 8.91% Traditional ROI: 4.84%
2546 E Park Lane Tehachapi, CA Excellent opportunity to own a very well -maaintaained 4-unit property situaated in aa con...	9 beds \| 8 baths \| 4,634 sq.ft.	$1,890,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 1.41% Airbnb Rental Income: $2729 Traditional Rental Income: $4859 Airbnb ROI: -0.02% Traditional ROI: 1.41%
18401 Pellisier Road Tehachapi, CA A rare and beautiful retreat where photos donât do it justice. This custom-built 3-be...	3 beds \| 2 baths \| 1,715 sq.ft.	$950,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 0.54% Airbnb Rental Income: $3172 Traditional Rental Income: $2123 Airbnb ROI: 0.92% Traditional ROI: 0.54%
22201 Mccarthy Drive Tehachapi, CA This adorable house has breathtaking views from every window! It's sitting on a huge corne...	3 beds \| 2 baths \| 1,083 sq.ft.	$374,500	Airbnb cash on cash: 6.12% Traditional cash on cash: 6.46% Airbnb Rental Income: $3657 Traditional Rental Income: $2981 Airbnb ROI: 6.12% Traditional ROI: 6.46%
29990 Horsethief Drive Tehachapi, CA Set on a beautiful .7 acre lot, this 1,904 sq. ft. home offers the perfect blend of comfor...	3 beds \| 2 baths \| 1,904 sq.ft.	$549,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.49% Airbnb Rental Income: $1445 Traditional Rental Income: $2786 Airbnb ROI: 0.04% Traditional ROI: 3.49%
23441 El Rancho Drive Tehachapi, CA 231 acres pos split 20 acre lots has legal guest house sep elec meter	3 beds \| 2 baths \| 3,033 sq.ft.	$2,000,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 0.29% Airbnb Rental Income: $3172 Traditional Rental Income: $4093 Airbnb ROI: -0.59% Traditional ROI: 0.29%
26120 Deertrail Drive Tehachapi, CA Stunning mountain views and the charm of a modern cabin! This Bear Valley Springs beauty i...	3 beds \| 2 baths \| 1,784 sq.ft.	$399,999	Airbnb cash on cash: 3.05% Traditional cash on cash: 7.55% Airbnb Rental Income: $2729 Traditional Rental Income: $3773 Airbnb ROI: 3.05% Traditional ROI: 7.55%
30140 Tuttle Court Tehachapi, CA Set high above the valley on almost 10 scenic acres, this truly one-of-a-kind Bear Valley ...	3 beds \| 2 baths \| 2,800 sq.ft.	$669,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.23% Airbnb Rental Income: $2729 Traditional Rental Income: $4645 Airbnb ROI: 1.13% Traditional ROI: 5.23%
26750 El Camino Drive Tehachapi, CA A New Home for the Holidays!! A mountain retreat where family, warmth, and wonder come to...	3 beds \| 2 baths \| 2,123 sq.ft.	$460,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 8.35% Airbnb Rental Income: $2729 Traditional Rental Income: $4635 Airbnb ROI: 2.43% Traditional ROI: 8.35%
28551 Bear Valley Road Tehachapi, CA Country Living Redefined! Discover the perfect balance of modern comfort and rural charm i...	4 beds \| 2 baths \| 2,348 sq.ft.	$599,000	Airbnb cash on cash: 4.1% Traditional cash on cash: 6.01% Airbnb Rental Income: $4792 Traditional Rental Income: $4872 Airbnb ROI: 4.1% Traditional ROI: 6.01%
24500 Deertrail Drive Tehachapi, CA Where else can you find a million-dollar view while still enjoying valley-floor convenienc...	4 beds \| 2 baths \| 3,825 sq.ft.	$549,900	Airbnb cash on cash: 4.38% Traditional cash on cash: 8.56% Airbnb Rental Income: $4792 Traditional Rental Income: $5949 Airbnb ROI: 4.38% Traditional ROI: 8.56%
2 Village Lane Tehachapi, CA Welcome to this charming condo located in the serene and private gated community of Bear V...	2 beds \| 2 baths \| 1,240 sq.ft.	$210,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 5.36% Airbnb Rental Income: $3143 Traditional Rental Income: $2897 Airbnb ROI: 3.02% Traditional ROI: 5.36%
24980 Sunset Way Tehachapi, CA Short Sale on a horse property home nestled in this quiet Tehachapi community. This home o...	4 beds \| 2 baths \| 2,441 sq.ft.	$350,000	Airbnb cash on cash: 8.44% Traditional cash on cash: 11.78% Airbnb Rental Income: $4792 Traditional Rental Income: $4902 Airbnb ROI: 8.44% Traditional ROI: 11.78%
29300 Elkhorn Place Tehachapi, CA Hilltop Retreat in Stallion Springs â 8.21 acres Perfect for Airbnb This stunning home...	4 beds \| 2 baths \| 3,486 sq.ft.	$550,000	Airbnb cash on cash: 9.45% Traditional cash on cash: 7.84% Airbnb Rental Income: $7258 Traditional Rental Income: $5035 Airbnb ROI: 9.45% Traditional ROI: 7.84%
28551 Delaware Drive Tehachapi, CA Discover your dream homeâa brand-new masterpiece nestled in the peaceful, sought-after c...	3 beds \| 2 baths \| 1,908 sq.ft.	$569,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 5.11% Airbnb Rental Income: $1445 Traditional Rental Income: $3739 Airbnb ROI: -0.02% Traditional ROI: 5.11%
23600 Dart Drive Tehachapi, CA Luxury Mountain Retreat with PAID Solar & Tesla Battery Backup! Nestled behind the pr...	4 beds \| 3 baths \| 2,256 sq.ft.	$598,870	Airbnb cash on cash: 4.08% Traditional cash on cash: 4.97% Airbnb Rental Income: $4792 Traditional Rental Income: $4300 Airbnb ROI: 4.08% Traditional ROI: 4.97%
30100 Sunland Way Tehachapi, CA Where Moments Happen! Tucked inside the desirable gated community of Bear Valley Springs, ...	3 beds \| 2 baths \| 2,902 sq.ft.	$629,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 4.89% Airbnb Rental Income: $2729 Traditional Rental Income: $4489 Airbnb ROI: 0.8% Traditional ROI: 4.89%
20381 Pinon Canyon Road Tehachapi, CA Stunning new construction on 2.28 usable acres in the desirable Tehachapi area! This custo...	3 beds \| 3 baths \| 1,837 sq.ft.	$499,900	Airbnb cash on cash: 4.16% Traditional cash on cash: 6.74% Airbnb Rental Income: $3657 Traditional Rental Income: $4063 Airbnb ROI: 4.16% Traditional ROI: 6.74%
26000 Deertrail Drive Tehachapi, CA Unveil this exquisite 4-bed, 3.5 bath custom log home by Caribou Creek, boasting 3,717 sq ...	4 beds \| 3 baths \| 3,717 sq.ft.	$1,275,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 2% Airbnb Rental Income: $4792 Traditional Rental Income: $4385 Airbnb ROI: 1.51% Traditional ROI: 2%
22116 Arosa Road Tehachapi, CA TWO HOMES ON ONE LOT with LAKE VIEWS on almost 20 Acres! MAIN HOUSE 4,321 SQFT: 4 bedrooms...	4 beds \| 3 baths \| 5,431 sq.ft.	$785,000	Airbnb cash on cash: 4.79% Traditional cash on cash: 4.97% Airbnb Rental Income: $7258 Traditional Rental Income: $5992 Airbnb ROI: 4.79% Traditional ROI: 4.97%
18720 Wringfoot Place Tehachapi, CA Three stories of livable space with two parcels included and wide-open mountain viewsâa ...	4 beds \| 2 baths \| 3,938 sq.ft.	$690,000	Airbnb cash on cash: 7.35% Traditional cash on cash: 4.59% Airbnb Rental Income: $7258 Traditional Rental Income: $4085 Airbnb ROI: 7.35% Traditional ROI: 4.59%
23441 Lakeview Drive Tehachapi, CA Gated Community. Privacy, tucked away from the road behind mature trees and a long drivewa...	3 beds \| 2 baths \| 1,239 sq.ft.	$350,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 8.24% Airbnb Rental Income: $2729 Traditional Rental Income: $3786 Airbnb ROI: 3.06% Traditional ROI: 8.24%
18888 Pellisier Road Tehachapi, CA Escape to this beautiful 20-acre ranch retreat offering panoramic views and peaceful count...	3 beds \| 2 baths \| 1,983 sq.ft.	$790,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.26% Airbnb Rental Income: $3172 Traditional Rental Income: $4128 Airbnb ROI: 1.99% Traditional ROI: 4.26%
18221 Arosa Road Tehachapi, CA Your Mountain Makeover Awaits! Discover a wonderful opportunity to create your own mounta...	3 beds \| 2 baths \| 1,205 sq.ft.	$335,800	Airbnb cash on cash: 7.1% Traditional cash on cash: 7.79% Airbnb Rental Income: $3657 Traditional Rental Income: $3075 Airbnb ROI: 7.1% Traditional ROI: 7.79%
25001 Paramount Drive Tehachapi, CA Country charm on 2.58 acres! This updated 1,140-sq-ft, detached two car garage two-bed, tw...	2 beds \| 2 baths \| 1,440 sq.ft.	$375,000	Airbnb cash on cash: 4.07% Traditional cash on cash: 7.23% Airbnb Rental Income: $3143 Traditional Rental Income: $3539 Airbnb ROI: 4.07% Traditional ROI: 7.23%
30000 Jamaica Dunes Drive Tehachapi, CA Welcome to the gated community of Bear Valley Springs! Whether you are considering a full ...	3 beds \| 2 baths \| 1,996 sq.ft.	$425,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 7.19% Airbnb Rental Income: $2729 Traditional Rental Income: $3818 Airbnb ROI: 2.84% Traditional ROI: 7.19%
324 E F Street Tehachapi, CA Updated cottage in the historic downtown area of Tehachapi. Full of charm and sophisticati...	3 beds \| 1 baths \| 1,637 sq.ft.	$389,000	Airbnb cash on cash: 4.36% Traditional cash on cash: 6.64% Airbnb Rental Income: $3172 Traditional Rental Income: $3288 Airbnb ROI: 4.36% Traditional ROI: 6.64%
20220 Bald Mountain Tehachapi, CA Experience the serenity of lakefront living in this exceptional Golden Hills home overlook...	4 beds \| 4 baths \| 3,938 sq.ft.	$599,999	Airbnb cash on cash: 8.07% Traditional cash on cash: 11.9% Airbnb Rental Income: $7258 Traditional Rental Income: $8006 Airbnb ROI: 8.07% Traditional ROI: 11.9%
30721 Condor Place Tehachapi, CA Escape to Your Own Private Retreat in Stallion Springs, Tehachapi.Discover an extraordinar...	3 beds \| 3 baths \| 2,277 sq.ft.	$592,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 5.75% Airbnb Rental Income: $1445 Traditional Rental Income: $4349 Airbnb ROI: -0.28% Traditional ROI: 5.75%
229 E H Tehachapi, CA Welcome to 229 E H Street in beautiful Tehachapi! This charming property offers an incr...	3 beds \| 1 baths \| 1,242 sq.ft.	$259,000	Airbnb cash on cash: 7.37% Traditional cash on cash: 10.14% Airbnb Rental Income: $3172 Traditional Rental Income: $3132 Airbnb ROI: 7.37% Traditional ROI: 10.14%
30320 Rollingoak Tehachapi, CA A classic A-frame home with timeless appeal and quality craftsmanship throughout. Set on ...	3 beds \| 2 baths \| 1,947 sq.ft.	$425,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 6.79% Airbnb Rental Income: $2729 Traditional Rental Income: $3861 Airbnb ROI: 2.33% Traditional ROI: 6.79%
23740 Lakeview Tehachapi, CA Location, location, location! ~ Large Detached Workshop ~ Level 1+ Acre Lot ~ Equestrian P...	2 beds \| 1 baths \| 1,364 sq.ft.	$395,000	Airbnb cash on cash: 3.87% Traditional cash on cash: 5.19% Airbnb Rental Income: $3143 Traditional Rental Income: $2919 Airbnb ROI: 3.87% Traditional ROI: 5.19%
21411 Golden Hills Boulevard Tehachapi, CA $770,000 \| 4 Units + Garages + Laundry \| Prime Golden Hills Investment Opportunity21411 Go...	2 beds \| 1 baths \| 780 sq.ft.	$740,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 1.55% Airbnb Rental Income: $3915 Traditional Rental Income: $2358 Airbnb ROI: 2.58% Traditional ROI: 1.55%

Real Estate investment in Tehachapi, CA

There are 45 properties for sale in the city of Tehachapi . The median list price in Tehachapi is $259,000 and the average price per square foot is $215. In January 2026, the average monthly cash on cash return in Tehachapi is 7.00%. The average monthly rental income in Tehachapi is $3,414.

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

There are 45 investment properties available for sale in Tehachapi.

In 2026, the best neighborhood to buy investment property is Golden Hills.

The ROI for Long-Term is higher than the Short-Term in Tehachapi with average rental income of $3,414.

Your search for investment property begins and ends here

Investment Property for Sale in Tehachapi, CA

29600 Goldspike Road

Tehachapi, CA

2 beds | 2 baths | 2,610 sq.ft.

$599,000

Airbnb cash on cash: 2.07%

Traditional cash on cash: 2.72%

Airbnb Rental Income: $3143

Traditional Rental Income: $2793

Airbnb ROI: 2.07%

Traditional ROI: 2.72%

25904 Bear Valley Road

Tehachapi, CA

3 beds | 2 baths | 2,462 sq.ft.

$699,000

Airbnb cash on cash: 1%

Traditional cash on cash: 2.71%

Airbnb Rental Income: $2729

Traditional Rental Income: $3203

Airbnb ROI: 1%

Traditional ROI: 2.71%

438 Sherwood Place

Tehachapi, CA

4 beds | 2 baths | 1,641 sq.ft.

$398,000

Airbnb cash on cash: 8.91%

Traditional cash on cash: 4.84%

Airbnb Rental Income: $5112

Traditional Rental Income: $2552

Airbnb ROI: 8.91%

Traditional ROI: 4.84%

2546 E Park Lane

Tehachapi, CA

9 beds | 8 baths | 4,634 sq.ft.

$1,890,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 1.41%

Airbnb Rental Income: $2729

Traditional Rental Income: $4859

Airbnb ROI: -0.02%

Traditional ROI: 1.41%

18401 Pellisier Road

Tehachapi, CA

3 beds | 2 baths | 1,715 sq.ft.

$950,000

Airbnb cash on cash: 0.92%

Traditional cash on cash: 0.54%

Airbnb Rental Income: $3172

Traditional Rental Income: $2123

Airbnb ROI: 0.92%

Traditional ROI: 0.54%

22201 Mccarthy Drive

Tehachapi, CA

3 beds | 2 baths | 1,083 sq.ft.

$374,500

Airbnb cash on cash: 6.12%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $3657

Traditional Rental Income: $2981

Airbnb ROI: 6.12%

Traditional ROI: 6.46%

29990 Horsethief Drive

Tehachapi, CA

3 beds | 2 baths | 1,904 sq.ft.

$549,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $1445

Traditional Rental Income: $2786

Airbnb ROI: 0.04%

Traditional ROI: 3.49%

23441 El Rancho Drive

Tehachapi, CA

3 beds | 2 baths | 3,033 sq.ft.

$2,000,000

Airbnb cash on cash: -0.59%

Traditional cash on cash: 0.29%

Airbnb Rental Income: $3172

Traditional Rental Income: $4093

Airbnb ROI: -0.59%