A buyer recorded as 3635 College Ave LLC recently acquired the 98-unit Park Grove Apartments in San Diego’s College Area for $9.65 million, according to brokerage company Colliers International.
The seller of the property, at 3635-75 College Ave., was William R. Mundt Trust. The buyer and seller were represented by Colliers’ Peter Scepanovic and Corey McHenry.
The buyer plans to rebrand the property and complete major interior and exterior upgrades. The two-story, six-building property was built in 1963 near San Diego State University.