INVESTMENT IN REAL ESTATE, NET (Tables)

12 Months Ended

Jun. 30, 2013

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule of Real Estate Properties [Table Text Block]

The Company owns and operates a 27-unit and a 2-unit multi-family apartment complex located in Los Angeles, California and owns land held for development located in Maui, Hawaii. As of June 30, 2013 and 2012, investment in real estate included the following:

	2013		2012
Land	$	2,430,000	$	2,430,000
Buildings, improvements and equipment		2,580,000		2,580,000
Accumulated depreciation		(941,000)		(878,000)
		4,069,000		4,132,000
Land held for development		973,000		973,000
Investment in real estate, net	$	5,042,000	$	5,105,000