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
6838 Virginia Drive Lucerne, CA This property features three bedrooms, two bathrooms, a den, and a detached bonus room est...	3 beds \| 2 baths \| 1,784 sq.ft.	$287,900	Airbnb cash on cash: 1.24% Traditional cash on cash: 11.22% Airbnb Rental Income: $1245 Traditional Rental Income: $3556 Airbnb ROI: 1.24% Traditional ROI: 11.22%
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: -0.9% Traditional cash on cash: 9.2% Airbnb Rental Income: $552 Traditional Rental Income: $2375 Airbnb ROI: -0.9% Traditional ROI: 9.2%
7795 Richard Drive Lucerne, CA Just in time for summer, cast a line right off of your private floating dock in desirable ...	4 beds \| 3 baths \| 1,876 sq.ft.	$655,000	Airbnb cash on cash: 7.18% Traditional cash on cash: 4.26% Airbnb Rental Income: $6874 Traditional Rental Income: $3759 Airbnb ROI: 7.18% Traditional ROI: 4.26%
6963 Panoramic Drive Lucerne, CA Calling all investors and relaxation seekers: Motivated seller for this prestigious mounta...	3 beds \| 3 baths \| 2,184 sq.ft.	$475,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 7.66% Airbnb Rental Income: $1245 Traditional Rental Income: $4307 Airbnb ROI: -0.12% Traditional ROI: 7.66%
8656 Paradise Valley Boulevard 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.	$559,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 5.82% Airbnb Rental Income: $1245 Traditional Rental Income: $4275 Airbnb ROI: -0.74% Traditional ROI: 5.82%
6813 Virginia Drive Lucerne, CA Easy living in this nice and neat open floorplan home! Enjoy entertaining in the large liv...	2 beds \| 2 baths \| 1,144 sq.ft.	$285,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 8.25% Airbnb Rental Income: $552 Traditional Rental Income: $2717 Airbnb ROI: -0.86% Traditional ROI: 8.25%
7047 Panoramic Drive Lucerne, CA This exceptional estate features meticulously landscaped grounds, a beautiful 2479-square-...	3 beds \| 2 baths \| 2,479 sq.ft.	$662,999	Airbnb cash on cash: -0.04% Traditional cash on cash: 6.07% Airbnb Rental Income: $1245 Traditional Rental Income: $4625 Airbnb ROI: -0.04% Traditional ROI: 6.07%
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: 0.77% Traditional cash on cash: 7.25% Airbnb Rental Income: $1245 Traditional Rental Income: $2918 Airbnb ROI: 0.77% Traditional ROI: 7.25%
4174 Sherwood Court Lucerne, CA END OF A CUL-DE-SAC! 3 Bedroom+ Den+19'22" L X 22' 8" W workshop / 2 Bath home, with forma...	3 beds \| 2 baths \| 1,653 sq.ft.	$296,500	Airbnb cash on cash: 0.75% Traditional cash on cash: 10.76% Airbnb Rental Income: $1245 Traditional Rental Income: $3645 Airbnb ROI: 0.75% Traditional ROI: 10.76%
7784 Richard Drive Lucerne, CA PRICED REDUCED!! EVEN IN TODAY'S MARKET, THIS IS A BARGAIN!!!! Welcome to Kono Tayee! I...	3 beds \| 1 baths \| 1,416 sq.ft.	$299,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 6.83% Airbnb Rental Income: $1245 Traditional Rental Income: $2865 Airbnb ROI: -0.33% Traditional ROI: 6.83%
7158 E Highway 20 Lucerne, CA Lakefront Opportunity! dual-parcel property offering the best of both worldsâstunning pa...	1 beds \| 1 baths \| 672 sq.ft.	$185,000	Airbnb cash on cash: -5.12% Traditional cash on cash: 3.28% Airbnb Rental Income: $779 Traditional Rental Income: $1938 Airbnb ROI: -5.12% Traditional ROI: 3.28%
6292 East Highway 20 Lucerne, CA Very nice, well-appointed and well maintained, brick and mortar on a high traffic count hi...	3 beds \| 2 baths \| 1,853 sq.ft.	$295,000	Airbnb cash on cash: -1% Traditional cash on cash: 6.36% Airbnb Rental Income: $779 Traditional Rental Income: $2504 Airbnb ROI: -1% Traditional ROI: 6.36%
2915 Rancho Vista Drive Lucerne, CA 3 Bedroom 1 1/4 Bath home with adjacent lot included. Brand new mini split heat and air mo...	3 beds \| 1 baths \| 1,092 sq.ft.	$225,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 10.83% Airbnb Rental Income: $1245 Traditional Rental Income: $2751 Airbnb ROI: 1.89% Traditional ROI: 10.83%
6917 Plaza Terrace Lucerne, CA Charming lakeside retreat with vintage flair and modern comfort â 6917 Plaza Terrace is ...	2 beds \| 1 baths \| 1,011 sq.ft.	$225,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 9.75% Airbnb Rental Income: $552 Traditional Rental Income: $2508 Airbnb ROI: -0.75% Traditional ROI: 9.75%
6825 Virginia Lucerne, CA Charming 3-Bed, 2-Bath Home on Double Lot walking Distance to Clear Lake! Welcome to this ...	3 beds \| 2 baths \| 1,363 sq.ft.	$320,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 8.76% Airbnb Rental Income: $1245 Traditional Rental Income: $3234 Airbnb ROI: 0.83% Traditional ROI: 8.76%
3944 Country Club Drive Lucerne, CA Welcome to this warm and inviting 3-bedroom, 2-bath home, ideally located within walking d...	3 beds \| 1 baths \| 1,200 sq.ft.	$269,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 10.01% Airbnb Rental Income: $1245 Traditional Rental Income: $2941 Airbnb ROI: 1.76% Traditional ROI: 10.01%
4080 Kensington Lucerne, CA Single-Family Residence, built in 1981. Cozy 1276 sq ft 2-bedroom, 1-bath home offers comf...	2 beds \| 1 baths \| 1,276 sq.ft.	$260,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 8.41% Airbnb Rental Income: $552 Traditional Rental Income: $2560 Airbnb ROI: -0.92% Traditional ROI: 8.41%

Real Estate investment in Lucerne, CA

There are 17 properties for sale in the city of Lucerne . The median list price in Lucerne is $291,450 and the average price per square foot is $190. In December 2025, the average monthly cash on cash return in Lucerne is 9.00%. The average monthly rental income in Lucerne is $3,088.

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

There are 17 investment properties available for sale in Lucerne.

In 2025, 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 $3,088.

Your search for investment property begins and ends here

Investment Property for Sale in Lucerne, CA

6838 Virginia Drive

Lucerne, CA

3 beds | 2 baths | 1,784 sq.ft.

$287,900

Airbnb cash on cash: 1.24%

Traditional cash on cash: 11.22%

Airbnb Rental Income: $1245

Traditional Rental Income: $3556

Airbnb ROI: 1.24%

Traditional ROI: 11.22%

4175 Ferrand Road

Lucerne, CA

2 beds | 1 baths | 875 sq.ft.

$220,000

Airbnb cash on cash: -0.9%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $552

Traditional Rental Income: $2375

Airbnb ROI: -0.9%

Traditional ROI: 9.2%

7795 Richard Drive

Lucerne, CA

4 beds | 3 baths | 1,876 sq.ft.

$655,000

Airbnb cash on cash: 7.18%

Traditional cash on cash: 4.26%

Airbnb Rental Income: $6874

Traditional Rental Income: $3759

Airbnb ROI: 7.18%

Traditional ROI: 4.26%

6963 Panoramic Drive

Lucerne, CA

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

$475,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 7.66%

Airbnb Rental Income: $1245

Traditional Rental Income: $4307

Airbnb ROI: -0.12%

Traditional ROI: 7.66%

8656 Paradise Valley Boulevard

Lucerne, CA

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

$559,000

Airbnb cash on cash: -0.74%

Traditional cash on cash: 5.82%

Airbnb Rental Income: $1245

Traditional Rental Income: $4275

Airbnb ROI: -0.74%

Traditional ROI: 5.82%

6813 Virginia Drive

Lucerne, CA

2 beds | 2 baths | 1,144 sq.ft.

$285,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 8.25%

Airbnb Rental Income: $552

Traditional Rental Income: $2717

Airbnb ROI: -0.86%

Traditional ROI: 8.25%

7047 Panoramic Drive

Lucerne, CA

3 beds | 2 baths | 2,479 sq.ft.

$662,999

Airbnb cash on cash: -0.04%

Traditional cash on cash: 6.07%

Airbnb Rental Income: $1245

Traditional Rental Income: $4625

Airbnb ROI: -0.04%

Traditional ROI: 6.07%

2911 Rancho Vista Dr

Lucerne, CA

3 beds | 1 baths | 1,008 sq.ft.

$340,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 7.25%

Airbnb Rental Income: $1245

Traditional Rental Income: $2918

Airbnb ROI: 0.77%