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

3 Months Ended

Sep. 30, 2014

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	September 30, 2014		June 30, 2014
Land	$	2,430,000	$	2,430,000
Buildings, improvements and equipment		2,580,000		2,580,000
Accumulated depreciation		(1,018,000)		(1,002,000)
		3,992,000		4,008,000
Land held for development		973,000		973,000
Investment in real estate, net	$	4,965,000	$	4,981,000