INVESTMENT IN REAL ESTATE, NET

6 Months Ended

Dec. 31, 2018

Real Estate [Abstract]

Investment In Real Estate [Text Block]

NOTE 4 – INVESTMENT IN REAL ESTATE, NET

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

As of	December 31, 2018			June 30, 2018
Land	$	2,430,000		$	2,430,000
Buildings, improvements and equipment		2,919,000			2,912,000
Accumulated depreciation		(1,408,000	)		(1,354,000	)
		3,941,000			3,988,000
Land held for development		973,000			973,000
Investment in real estate, net	$	4,914,000		$	4,961,000