INVESTMENT IN REAL ESTATE, NET (Apartment Building [Member])

6 Months Ended

Dec. 31, 2013

Apartment Building [Member]

Real Estate Properties [Line Items]

Real Estate Disclosure [Text Block]

NOTE 3 – INVESTMENT IN REAL ESTATE, NET

The Company owns and operates a 27-unit and 2-unit multi-family apartment complex located in Los Angeles, California and owns land held for development located in Maui, Hawaii. Investment in real estate consisted of the following:

As of	December 31, 2013		June 30, 2013
Land	$	2,430,000	$	2,430,000
Buildings, improvements and equipment		2,581,000		2,580,000
Accumulated depreciation		(973,000)		(941,000)
		4,038,000		4,069,000
Land held for development		973,000		973,000
Investment in real estate, net	$	5,011,000	$	5,042,000