Five-year reserve planning My HOA Budget

Los Angeles, California mixed HOA

Unclaimed profile

Park La Brea

Park La Brea is a mixed HOA in Los Angeles, California. This profile tracks monthly dues $2,035–$4,900/mo (rent), 4255 units, built in 1943, managed by Greystar, reserve study status not yet verified, along with ameni...

mixed Public records Reserve health: Unknown Browse Los Angeles communities California reserve laws

Profile 67% complete — source gaps remain

HOA dues, reserve study, and community facts

Units 4255
Year built 1943
Monthly dues $2,035–$4,900/mo (rent)
Reserve health Unknown
Management Greystar

Amenities

PoolGymDog parkGatedEV chargingClubhousePlayground

Board and management

No board roster is listed in the cited sources.

Reserve study and funding

We do not have reserve study details on record for Park La Brea. Review the editable example below before treating any forecast as community-specific.

Review editable example

5-year outlook

What changes this five-year example?

Special assessments can run into thousands per unit when major work outruns reserves. This starts with the known numeric values listed below, then lets you change every example before relying on the result for Park La Brea.

Reserve-health labels, year built, and California law summaries are not used to change the solver numbers.

Editable assessment example Adjustable dues increases Five-year reserve projection
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Known values applied: unitCount -> unit count.

Editable examples, not community facts: starting reserve: editable example scaled from unit count at $15k/unit; annual revenue: editable example scaled from unit count at $5k/unit/yr; annual operating expense: editable example scaled from annual revenue at 84%.

Local calculator

Five-year reserve projection from reviewed numbers

Start with the example, enter figures by hand, or review local files before applying values. Nothing here is uploaded or saved by MHB. This example is not a reserve study, a funding-sufficiency conclusion, or an assessment prediction.

5-year ending reserve$85.09MAbove example target

Use your figures

Review documents or enter the same values by hand.

Files are read only in this browser, are not uploaded, and are not stored by MHB.

Scenario figures can be entered manually or read from local files.

Budget

Dues revenue, operating expense, and unit count.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Reserve study

Starting reserve balance and scheduled capital work.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Assessment history

Assessment amount and projected year.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Enter figures manually

These whole-number fields match the document review fields. Changing them recomputes the projection immediately.

$0EXAMPLE TARGET - $1.0M202620272028202920302031$85.1M
Projection text equivalent
YearReserve balance
2026$63.83M
2027$67.43M
2028$71.25M
2029$75.18M
2030$79.83M
2031$85.09M
5%
4%

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Copy and CSV exports use reviewed numbers and caveats. The share link keeps only numeric controls.

Current ending balance$85.09M
Current lowest balance$67.43M2027
Ending deltaSave baseline

Save the current case before changing controls to compare ending balance, lowest balance, and yearly deltas.

Fields: manual entry fields; ending delta: 0; lowest delta: 0

Save a baseline before exact totals can be included. Until then, the handoff contains only field names and zero comparison bands for the current scenario.

Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About Park La Brea

Park La Brea is one of the largest apartment complexes in the continental United States, spanning 160 acres in the Miracle Mile district of Los Angeles near LACMA. Originally developed by Metropolitan Life Insurance Company starting in 1941, the community was built in two phases: thirty-one two-story garden buildings (1941-1944) and eighteen 13-story towers added by 1950. The complex now contains 4,255 apartments in a Modern Colonial architectural style with a distinctive octagonal street layout.

Note: Park La Brea is primarily a rental community, not a traditional HOA. It is included here because of its scale and significance as a managed residential community.

What we know

  • Units: 4,255 apartments (garden cottages, townhomes, and high-rise towers)
  • Year built: 1941-1950
  • Monthly rent range: ~$2,035–$4,900/mo (varies by unit type)
  • Management company: Greystar
  • Amenities: Two saltwater pools, multimedia theater, fitness center (IconFit), five miles of fitness trails, Wi-Fi garden cafes, community garden, dog parks, 24-hour courtesy patrol, gated access, EV charging stations, 4-acre Curson Square park
  • Walk Score: 89
  • Developer (original): Metropolitan Life Insurance Company
  • Architect: Leonard Schultze & Associates with Earl T. Heitschmidt
  • Current ownership: Prime Residential (part of Prime Group, since 1995)

Reserve health

Reserve health hasn’t been verified for Park La Brea yet. Before you approve a budget, pay a special assessment, or close on a unit here, California law defines exactly what reserve records a community association must keep and what owners can request — see California HOA reserve funding rules.

As a rental community managed by Greystar, reserve information is not publicly disclosed in the same way as a traditional HOA/condo association.

What’s still missing

  • Board/resident association governance details
  • Capital improvement plans
  • Community photos

For residents

The Park La Brea Residents Association (PLBRA) is a 501(c)(4) organization that advocates for residents. Visit plbra.org for more.

California laws that apply here

Reserve funding

California HOA reserve funding rules, in plain language

How California Civil Code § 5550 treats reserves under the Davis–Stirling Act, why the reserve study is mandatory on a fixed cycle, and what that means for a board, owner, or buyer actually reading the numbers.

Cal. Civ. Code § 5550 — Reserve study requirements

Profile verification status

This profile has not been claimed or verified by the board or property manager. Treat missing details as unknown, and confirm important facts directly with the association before relying on them.

Next step

Need documents from Park La Brea?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents