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%
10424 Santa Fe Fire Rd 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.	$529,000	Airbnb cash on cash: 4.6% Traditional cash on cash: 5.39% Airbnb Rental Income: $3797 Traditional Rental Income: $3367 Airbnb ROI: 4.6% Traditional ROI: 5.39%
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.	$245,000	Airbnb cash on cash: 6.58% Traditional cash on cash: 7.25% Airbnb Rental Income: $2528 Traditional Rental Income: $2072 Airbnb ROI: 6.58% Traditional ROI: 7.25%
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.	$365,000	Airbnb cash on cash: 9.28% Traditional cash on cash: 6.66% Airbnb Rental Income: $4874 Traditional Rental Income: $2977 Airbnb ROI: 9.28% Traditional ROI: 6.66%
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 HUGE PRICE REDUCTION! Welcome to this peaceful and picturesque 3-bedroom, 2-bathroom hom...	3 beds \| 2 baths \| 1,456 sq.ft.	$275,000	Airbnb cash on cash: 9.36% Traditional cash on cash: 9.37% Airbnb Rental Income: $3797 Traditional Rental Income: $2977 Airbnb ROI: 9.36% Traditional ROI: 9.37%
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.	$650,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.56% Airbnb Rental Income: $3797 Traditional Rental Income: $2710 Airbnb ROI: 3% Traditional ROI: 2.56%
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%
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%
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.	$620,000	Airbnb cash on cash: 3.59% Traditional cash on cash: 2.82% Airbnb Rental Income: $3797 Traditional Rental Income: $2529 Airbnb ROI: 3.59% Traditional ROI: 2.82%
42480 Buckeye Ln Lucerne Valley, CA SECLUDED HOUSE FOR SALE WITH NO NEIGHBORS AND SURROUNDED WITH SPECTACULAR MOUNTAIN VIEWS! ...	2 beds \| 2 baths \| 1,687 sq.ft.	$180,000	Airbnb cash on cash: 8.89% Traditional cash on cash: 8.93% Airbnb Rental Income: $2528 Traditional Rental Income: $1925 Airbnb ROI: 8.89% Traditional ROI: 8.93%
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%
32111 State Highway 18 Lucerne Valley, CA Rare investment opportunity featuring four units on over 2 acres of usable land, offering ...	3 beds \| 2 baths \| 1,700 sq.ft.	$417,000	Airbnb cash on cash: 5.46% Traditional cash on cash: 2.42% Airbnb Rental Income: $3797 Traditional Rental Income: $1787 Airbnb ROI: 5.46% Traditional ROI: 2.42%
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 YOUR DESERT ESCAPE IS WAITING....Completely Remolded with permits in 2023... If you have ...	2 beds \| 1 baths \| 1,350 sq.ft.	$325,000	Airbnb cash on cash: 4.53% Traditional cash on cash: 7.09% Airbnb Rental Income: $2528 Traditional Rental Income: $2698 Airbnb ROI: 4.53% Traditional ROI: 7.09%
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%
31024 Rabbit Springs Road Lucerne Valley, CA ONE OF THE BEST HOMES IN THE DESERT! This CUSTOM-BUILT Spanish-style home sits on OVER 10...	4 beds \| 5 baths \| 3,614 sq.ft.	$1,575,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 3.91% Airbnb Rental Income: $4874 Traditional Rental Income: $7930 Airbnb ROI: 1.13% Traditional ROI: 3.91%
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%
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.	$250,000	Airbnb cash on cash: 6.4% Traditional cash on cash: 8.06% Airbnb Rental Income: $2528 Traditional Rental Income: $2310 Airbnb ROI: 6.4% Traditional ROI: 8.06%
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%
35025 El Dorado Street Lucerne Valley, CA Donât miss this incredible opportunity to own a 3-bedroom, 2-bathroom home on 1.25 acres...	3 beds \| 2 baths \| 1,257 sq.ft.	$305,000	Airbnb cash on cash: 6.97% Traditional cash on cash: 10.08% Airbnb Rental Income: $3797 Traditional Rental Income: $3868 Airbnb ROI: 6.97% Traditional ROI: 10.08%
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.	$199,000	Airbnb cash on cash: 7.5% Traditional cash on cash: 9.92% Airbnb Rental Income: $2528 Traditional Rental Income: $2374 Airbnb ROI: 7.5% Traditional ROI: 9.92%
9372 Mesa Rd Lucerne Valley, CA ?? Just Listed! 9372 Mesa Rd, Lucerne Valley â $299,999 Welcome to your next great op...	3 beds \| 2 baths \| 1,440 sq.ft.	$299,999	Airbnb cash on cash: 8.17% Traditional cash on cash: 8.18% Airbnb Rental Income: $3797 Traditional Rental Income: $2979 Airbnb ROI: 8.17% Traditional ROI: 8.18%
32358 Emerald Lucerne Valley, CA Finally! A home with an accurate description with a million $$ view! Visit this 3-bedroom...	3 beds \| 2 baths \| 1,250 sq.ft.	$374,900	Airbnb cash on cash: 6.54% Traditional cash on cash: 6.11% Airbnb Rental Income: $3797 Traditional Rental Income: $2824 Airbnb ROI: 6.54% Traditional ROI: 6.11%
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 Act fastâhomes with this level of design, efficiency, and value do not come along often....	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.	$387,900	Airbnb cash on cash: 6.8% Traditional cash on cash: 6.98% Airbnb Rental Income: $3797 Traditional Rental Income: $3039 Airbnb ROI: 6.8% Traditional ROI: 6.98%
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%
30788 Buenos Aires Lucerne Valley, CA Welcome to 30788 Buenos Aires Road â Where Luxury Living Meets Homestead Freedom Buil...	4 beds \| 3 baths \| 3,041 sq.ft.	$549,999	Airbnb cash on cash: 5.39% Traditional cash on cash: 4.98% Airbnb Rental Income: $4874 Traditional Rental Income: $3661 Airbnb ROI: 5.39% Traditional ROI: 4.98%
38333 E End Lucerne Valley, CA Price Reduced!! HUD Home listing! Discover the tranquility of rural living with this adora...	2 beds \| 1 baths \| 1,200 sq.ft.	$276,000	Airbnb cash on cash: 5.3% Traditional cash on cash: 7.28% Airbnb Rental Income: $2528 Traditional Rental Income: $2431 Airbnb ROI: 5.3% Traditional ROI: 7.28%
9404 Mesa 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.	$269,999	Airbnb cash on cash: 5.99% Traditional cash on cash: 8.07% Airbnb Rental Income: $2528 Traditional Rental Income: $2449 Airbnb ROI: 5.99% Traditional ROI: 8.07%
39626 E End Rd Lucerne Valley, CA --Escape to your own 10-acre desert retreat! This well-maintained 2-bedroom, 1-bath manufa...	2 beds \| 1 baths \| 728 sq.ft.	$185,000	Airbnb cash on cash: 9.05% Traditional cash on cash: 9.89% Airbnb Rental Income: $2528 Traditional Rental Income: $2066 Airbnb ROI: 9.05% Traditional ROI: 9.89%
10015 High Rd Lucerne Valley, CA 10015 High Rd, Lucerne Valley, CA 92356 \| Single Family Residential	5 beds \| 4 baths \| 3,102 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.18% Airbnb Rental Income: $null Traditional Rental Income: $4138 Airbnb ROI: N/A Traditional ROI: 5.18%
37023 Rabbit Springs Rd Lucerne Valley, CA 37023 Rabbit Springs Rd, Lucerne Valley, CA 92356 \| Manufactured Home	2 beds \| 1 baths \| 854 sq.ft.	$170,000	Airbnb cash on cash: 9.5% Traditional cash on cash: 11.11% Airbnb Rental Income: $2528 Traditional Rental Income: $2178 Airbnb ROI: 9.5% Traditional ROI: 11.11%

Real Estate investment in Lucerne-valley, CA

There are 90 properties for sale in the city of Lucerne Valley . The median list price in Lucerne Valley is $55,000 and the average price per square foot is $53. In February 2026, the average monthly cash on cash return in Lucerne Valley is 18.00%. The average monthly rental income in Lucerne Valley is $1,188.

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

There are 90 investment properties available for sale in Lucerne-valley.

In 2026, 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 $1,729.

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%

10424 Santa Fe Fire Rd

Lucerne Valley, CA

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

$529,000

Airbnb cash on cash: 4.6%

Traditional cash on cash: 5.39%

Airbnb Rental Income: $3797

Traditional Rental Income: $3367

Airbnb ROI: 4.6%

Traditional ROI: 5.39%

45757 Paddington Road

Lucerne Valley, CA

2 beds | 1 baths | 1,080 sq.ft.

$245,000

Airbnb cash on cash: 6.58%

Traditional cash on cash: 7.25%

Airbnb Rental Income: $2528

Traditional Rental Income: $2072

Airbnb ROI: 6.58%

Traditional ROI: 7.25%

9983 Ladera Avenue

Lucerne Valley, CA

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

$365,000

Airbnb cash on cash: 9.28%

Traditional cash on cash: 6.66%

Airbnb Rental Income: $4874

Traditional Rental Income: $2977

Airbnb ROI: 9.28%

Traditional ROI: 6.66%

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.

$275,000

Airbnb cash on cash: 9.36%

Traditional cash on cash: 9.37%

Airbnb Rental Income: $3797

Traditional Rental Income: $2977

Airbnb ROI: 9.36%

Traditional ROI: 9.37%

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%

Traditional ROI: 1.28%

34738 Old Woman Springs Road

Lucerne Valley, CA

3 beds | 2 baths | 1,552 sq.ft.

$650,000

Airbnb cash on cash: 3%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $3797

Traditional Rental Income: $2710

Airbnb ROI: 3%