The El Cortez is located on the top of Cortez Hill. It started as a hotel, turned into apartments about six years ago and then was converted to condominums near the very top of the market.
In my view this unit is still overpriced.
Type: Listed on MLS(#076010236)
List Price: $500,000
Loss@6% Sales Expenses: $50,000
Purchase Date: 10/28/2004
Holding Period: 28 months and counting...
Square Feet: 1120
Purchase Details: view