Five-year reserve planning My HOA Budget

San Francisco, California condo association

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Millennium Tower

Millennium Tower is a condo association in San Francisco, California. This profile tracks monthly dues $1,600–$3,700/mo, 419 units, built in 2009, managed by Action Property Management, reserve study status not yet ve...

condo Public records Reserve health: No study on record Browse San Francisco communities California reserve laws

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

HOA dues, reserve study, and community facts

Units 419
Year built 2009
Monthly dues $1,600–$3,700/mo
Reserve health Check my risk
Management Action Property Management
Active listings 8
Median sale price $1.97M

Amenities

PoolGymSpaSaunaClubhouseConciergeDoormanElevatorParking garageBusiness centerStorage

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Millennium Tower 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 Millennium Tower 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 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$13.39MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$13.4M
Annual dues increase+5% compounding · $8.04M/yr → $10.27M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $6.76M/yr → $8.22M/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 Millennium Tower

Millennium Tower is a 58-story luxury condominium skyscraper at 301 Mission Street in San Francisco’s SoMa district. Completed in 2009 by Millennium Partners, it was the tallest residential building in San Francisco at 645 feet. The development consists of two towers — the main 58-story tower with 366 units and a 12-story mid-rise with 53 units — totaling 419 residences ranging from 666 to 5,009 sq ft. The project cost approximately $600 million to develop.

What we know

  • Units: 419 (366 in main tower, 53 in mid-rise)
  • Year built: 2009
  • Monthly HOA dues: $1,600–$3,700/mo
  • Management company: Action Property Management
  • Amenities: 75-foot heated indoor saline lap pool, hot tub, steam room, fitness center, Pilates studio, yoga room, massage studio, wine cellar and tasting room, private screening room, outdoor terrace with fireplace and waterfall, 24/7 concierge and doorman, private dining room, 434-space underground parking garage
  • Active listings: 8 units for sale
  • Median sale price: ~$1.97M (based on recent 180-day sales at $1,170/sq ft)
  • Developer: Millennium Partners (via Mission Street Development, LLC)
  • Architect: Handel Architects

Known issues

Since 2015, the building has experienced significant settling and tilting. A major remediation project using perimeter pile underpinning has been underway to address the structural issues.

Reserve health

Reserve health hasn’t been verified for Millennium Tower 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.

Given the scale of the ongoing structural remediation, reserve and special assessment information would be especially valuable to prospective buyers.

What’s still missing

  • Reserve study date and balance
  • Special assessment history (particularly related to remediation)
  • Board roster
  • Community photos

For board members

If you serve on this board, you can claim this page to add reserve data, board roster, and community photos.

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 Millennium Tower look as good online as it does in person.

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Next step

Need documents from Millennium Tower?

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