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MULTIFAMILY NEWS
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Older San Diego Apartment Property Fetches $18 Mil

2/14/19

Willow Glen Apartments, a 97-unit multifamily property in San Diego, has sold for $17.9 mil ($184.5k/unit). The property is located at 3635-75 College Ave, east of I-15 and north of Hwy 94 in the Rolando section of the city.

Originally constructed in 1963, Willow Glen Apartments underwent significant interior and exterior renovations in 2017. The 58.8k sf, two-building property features a mix of one- and two-bedroom units.

Peter Scepanovic and Corey McHenry of Colliers International represented the seller, a Trion Properties entity. Benn Vogelsang of South Coast Commercial Inc repped the buyer, Willow Glen Real Estate Holdings LLC.

“The Willow Glen Apartments provided the new ownership a rare opportunity to acquire a larger multifamily property in SDSU-College Area,” said Scepanovic. “With low vacancy rates in the College Area, close proximity to San Diego State University and public transit, and additional value add opportunities, the property will be a strong investment for years to come.”







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