GARDEN GROVE, has learned exclusively that 9155 Central Ave. LLC of San Mateo has sold Park Grove, a 245-unit apartment community here, to Park Grove Capital Partners LLC, a private-capital investor from Southern California, for $47.5 million or $193,877 per unit. The two-story, garden-style property offers one-, two- and three-bedroom plans.

The transaction was negotiated by Shane Shafer of the Newport Beach office of Hendricks-Berkadia. Community amenities include swimming pools, poolside WiFi, a spa, Zen garden, fitness center, clubhouse, business center, picnic area, rentable storage and 29 laundry rooms.

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