The eight-unit apartment complex at 1610 Glorietta Blvd., in Coronado 92118, has been sold for $2,375,000.
The buyer was Rich Investments 1610 Inc., 222 Playa del Norte, La Jolla 92037. Neville Rich is president of Rich Investments.
The acquisition was financed with a loan of $975,000 from Union Bank.
The sellers of the property (assessor's parcel 537-570-05) were William S. Nies (one-fourth); Joan N. Nies, trustee of the Nies Family Trust (one-fourth); Paul J. Nies and Laurie E. Nies, trustees of the Nies Revocable Declaration of Trust; and Geoffrey Thomas Pack and Mary Eileen Pack, trustees of the Pack Family Trust (one-fourth).
The approximately 5,600-square-foot complex consists of six one-bedroom units and two two-bedroom units.
The apartment was constructed in 1959 on an 8,150-square-foot lot.
The lot is zoned "hotel/motel" for up to 20 units.