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Santa Monica in Los Angeles County, CA has 477 HOAs collecting $40,235,496 from 6,136 households. Average Reserve Funding is 37.14% and Average Monthly Payment is $483.
Average Reserve Funding
37.14%
Ideal is 100%. Below 30% indicates high risk of special assessments. Above 70% has low risk of special assessments.
Average Monthly Payment
$483
Part of this payment is used to cover operational expenses. The other part is saved in the Reserve Fund to cover future maintenance.
Averages
FindMyHOA
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