Five-year reserve planning My HOA Budget

Los Angeles, California mixed HOA

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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: No study on record Browse Los Angeles communities California reserve laws

Profile 67% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

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

Amenities

PoolGymDog parkGatedEV chargingClubhousePlayground

Board and management

No board listed — who's managing your dues?

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Reserve study and funding

Park La Brea has no reserve study on record. Without one, there's no way to know if dues cover what's coming.

Check what's missing

5-year outlook

Will you get hit with a special assessment?

Special assessments can run into thousands per unit when major work outruns reserves. We model that risk for Park La Brea based on reserve health, building age, and California requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
I am a...

Values used: scaled defaults where community data is unknown — starting reserve (scaled from unit count at $15k/unit); annual revenue (scaled from unit count at $5k/unit/yr); annual opex (scaled from revenue at 84%).

Try it on a typical condo

A mid-size urban condo, five years out

Starting reserve $1.5M · $500K/yr dues revenue · $420K/yr operating expenses · $1.5M of reserve-study capital work over five years. Switch on the levers your board actually controls and watch where the reserve lands.

5-year ending reserve$85.09MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$85.1M
Annual dues increase+5% compounding · $21.27M/yr → $27.15M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $17.87M/yr → $21.74M/yr by 2031
4%
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

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make Park La Brea look as good online as it does in person.

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Next step

Need documents from Park La Brea?

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

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