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845 E Arenas Rd, Palm Springs, CA, 92262

2beds
2baths
1,176sqft
$475,000
$404price/sqft
$3,457/moest. monthly cost
$138,280/yrincome needed

About This Home

Looking for a comfortable single story condo in the heart of downtown Palm Springs? Only interested in Fee Simple land? Look no further! The units here at Casitas Arenas rarely come on the market. This 2 bedroom 2 bath 1176 sq. ft. unit is located at the quiet back of the complex and is a gem. It's been well maintained and is ready for its next owners to make it their own. Some of the features include washer/dryer in the kitchen, Navien tankless water heater, high ceilings, whole house water filter, dual pane windows, mountain view, assigned carport, beautiful parklike grounds surrounding the pool and spa. Only 40 units with a low monthly HOA of only $495. It's worth seeing in person. You won't be disappointed!

Getting Around

74
WalkingVery Walkable
37
TransitSome Transit
57
BikeBikeable

Schools

3/10
5/10
5/10
Palm Springs High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Repair Cosmetic
  • Year built: 1979

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Free Standing Electric,Dishwasher,Dryer,Washer,Water Conditioner,Range/Oven,Refrigerator,Tankless Water Heater
  • Laundry features: In Kitchen

Bathroom

  • Features: Shower and Tub,Shower Stall

Bedroom

  • Features: Walk-In Closet(s)

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Wet Bar
  • Door features: Sliding Doors
  • Window features: Double Pane Windows
  • Flooring: Ceramic Tile,Carpet
  • Fireplace features: None

Heating & Cooling

  • Heating features: Central
  • Cooling features: Air Conditioning

Interior Area

  • Total structure area: 1,176
  • Total interior livable area: 1,176 sqft

Kitchen

  • Features: Laminate Counters

Property

Details

  • Parcel number: 508088019
  • Attached to another structure: Yes
  • Zoning: R4
  • Special condition: Standard

Features

  • Levels: One,Single Level
  • Stories: 1
  • Entry location: Ground Level - no steps
  • Pool features: Association,In Ground,Community
  • Has view: Yes
  • View description: None

Parking

  • Total spaces: 1
  • Parking features: Assigned,Carport
  • Covered spaces: 1
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Wildfire

FEMA Declared Disasters in Riverside County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance *$121$1,452
Property Taxes $537$6,444
Electricity $398$4,786
Total$3,457$41,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$118,525/yr
40% on housing$103,710/yr
45% on housing$92,186/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$404This listing

vs Other Active Listings

Avg $/sqft

ZIP 92262$376
Riverside County$300

vs Homes Sold Last Month

Median $/sqft

ZIP 92262$494
Riverside County$315

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-20Listed for sale$499,000
1997-05-19Sold$70,000

For Sale by Agent

AgentJanice Kaminsky
BrokerageBerkshire Hathaway HomeServices California Properties

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