INVESTMENT IN REAL ESTATE, NET (Tables)

12 Months Ended

Jun. 30, 2016

Real Estate [Abstract]

Schedule of Investment In Real Estate [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, 2016 and 2015, investment in real estate included the following:

	2016		2015
Land	$	2,430,000	$	2,430,000
Buildings, improvements and equipment		2,797,000		2,634,000
Accumulated depreciation		(1,149,000)		(1,065,000)
		4,078,000		3,999,000
Land held for development		973,000		973,000
Investment in real estate, net	$	5,051,000	$	4,972,000