601 Valencia and 3375 17th St Owners Association

Key facts from 601 Valencia and 3375 17th St Owners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Recital A; Section 2.1)

Legal name

601 Valencia Street and 3375 17th Street Owners Association (Section 1.1 definition of 'Association')

Units / lots

25 (24 residential units and 1 Commercial Unit) (Page 6: 'twenty-four (24) residential un)

Developer / declarant

Not specifically named; referred to as 'Declarant' throughout (Recital A)

Governing law

California Civil Code (including Sections 1351, 1364, 1365, 1375, 2934a) and California Corporations Code (Various sections (e.g., 4.4, 4.14, 9.6, )

Assessments & dues

Annual Assessment is determined by the Board based on a budget; amount not fixed in document. (Section 4.1 and Section 4.10 (pages 12-1)

Special assessments

May be levied for unanticipated expenses, required by court order, or necessary repairs not foreseeable; requires majority vote of Members at meeting or election with quorum, except for certain emergency expenses. (Section 4.4 (pages 13-14))

Collections & liens

Delinquent Assessments become a lien upon recordation of Notice of Delinquent Assessment; after 30 days Association may enforce by nonjudicial foreclosure (sale by trustee); notice must be given. (Sections 4.14, 4.15 (pages 17-18))

Reserves & fees

Association must maintain reserve fund; have a reserve study; prudent fiscal management; may not borrow from reserves without proper notice and repayment plan; special assessments may be levied to replenish funds. (Section 5.6 (pages 19-21))

Pets

Yes, with restrictions. (Section 7.4 (page 24))

Leasing & rentals

Yes, but not for transient or hotel purposes (less than 30 days or with maid service). (Section 7.6 (page 24): 'Owner ... may le)

Parking & vehicles

Commercial vehicles allowed only if used for both business and personal, and markings are unobtrusive as determined by Board. (Section 7.3 (page 23-24): 'Only commerci)

Architectural approval

Yes, for exterior alterations, including window coverings visible from outside, landscaping, decks/balconies, antennas, etc. (Sections 7.8 (antenna), 7.9 (curtains/dr)

Home business

Not explicitly prohibited, but any business activity must not create nuisance, noise, or violate other restrictions. (Section 7.2 (page 23) prohibits 'offensi)

Maintenance

Not explicitly stated, but roofs are part of Common Area (unless designated as exclusive use); likely Association responsibility. (General common area definition; Section )

Insurance

Association shall obtain blanket property insurance covering full replacement cost (100%) against fire, vandalism, sprinkler leakage, etc., plus boiler and machinery insurance, and liability insurance of at least $2,000,000. (Sections 9.1, 9.2, 9.3 (pages 35-36))

Use restrictions

Residential Units are for residential use; Commercial Unit for commercial purposes only. (Section 7.1 (page 23): 'Commercial Unit )

Voting & meetings

Class A: each Owner (except Declarant) has one vote per Condominium owned. Class B: Declarant has 3 votes per Condominium owned until conversion. (Section 3.6(a) and (b) (pages 9-10))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.