INVESTMENT IN REAL ESTATE, NET (Tables)

3 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Schedule of Investment In Real Estate [Table Text Block]

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

As of	September 30, 2017		June 30, 2017
Land	$	2,430,000	$	2,430,000
Buildings, improvements and equipment		2,861,000		2,854,000
Accumulated depreciation		(1,275,000)		(1,250,000)
		4,016,000		4,034,000
Land held for development		973,000		973,000
Investment in real estate, net	$	4,989,000	$	5,007,000