6304 Highway 20 East, Lucerne, CA 95458
6304 Highway 20 East, Lucerne, CA 95458
Property Description
Unique investment opportunity in the heart of Lucerne! This sale includes two separate lots, one of which is an oversized double lot, offering plenty of space and future development potential. The property is zoned R-3 (Multi-Family Residential), creating numerous possibilities for investors, builders, or those seeking a lake-area retreat. Located at 6304 & 6312 E. Highway 20, this property sits directly across from beautiful Clear Lake, renowned as one of the nation's premier bass fishing destinations. The property features a small studio home and two storage units, providing immediate usability while you explore the property's full potential. A major bonus is the available utilities, with two water hookups and two sewer hookups available at the street, as well as an existing electric meter on the property, adding to the property's development opportunities. Enjoy lake views, convenient highway access, and a prime location close to shopping, dining, and outdoor recreation. Whether you're looking for an investment property, future development site, or a peaceful getaway near the lake, this unique offering is worth a look! Ask about the Seller Financing Option!
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Lucerne · Single Family Residence
Listed 3.6% above the median closed sale of $135,000. Price per sqft ($433) is a 149% premium to closed comps ($174). Closed comps sold at 90% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 178 days on market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 6537 Highway 20 | Lucerne | 1971 | 1 | 1 | 728 | 7,405 | $405 | $295,000 | 163 | 61 |
| 7775 Richard Drive | Lucerne | 1972 | 1 | 1 | 784 | 6,098 | $364 | $285,000 | 75 | 58 |
| 6454 11th | Lucerne | 1949 | 2 | 1 | 832 | 6,534 | $300 | $250,000 | 40 | 52 |
| 6065 2nd Avenue | Lucerne | 1950 | 2 | 1 | 804 | 5,663 | $127 | $102,000 | 2 | 50 |
| 6304 6th Avenue | Lucerne | 1960 | 2 | 2 | 780 | 6,098 | $247 | $192,500 | 125 | 48 |
| Total: 5 · Average | 1.6 | 1.2 | 785.6 | 6,359.6 | $288.6 | $224,900 | 81 | |||
| Median | 784 | $250,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7158 Highway 20 | Lucerne | 1946 | 08/19/2026 | 1 | 1 | 672 | 20,038 | $170,000 | $140,000 | $208 | 0.82 | 392 | 57 |
| 6374 12th | Lucerne | 1960 | 06/05/2026 | 2 | 1 | 886 | 6,098 | $214,000 | $214,000 | $242 | 1.00 | 92 | 54 |
| 6454 14th | Lucerne | 1956 | 08/25/2026 | 2 | 1 | 870 | 6,098 | $160,000 | $135,000 | $155 | 0.84 | 214 | 54 |
| 4573 Pine | Lucerne | 1948 | 08/10/2026 | 3 | 1 | 826 | 10,019 | $99,000 | $88,000 | $107 | 0.89 | 49 | 49 |
| 6444 14th | Lucerne | 1935 | 06/12/2026 | 2 | 1 | 780 | 5,663 | $135,000 | $125,000 | $160 | 0.93 | 141 | 41 |
| Total: 5 · Average | 2.0 | 1.0 | 806.8 | 9,583.2 | $140,400 | $140,400 | $174.4 | — | 177.6 | ||||
| Median | 826 | $135,000 | $135,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.