Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 34

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 34
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000 as of June 30, 2025 with a fixed interest rate of 3.09% per annum and the maturity date is July
1, 2030.

The
twelfth Los Angeles apartment complex is a 4,093 square foot apartment with 4 units. In an all-cash transaction, the Company acquired
the property on May 14, 2021 at an initial cost of approximately $2,600,000. Depreciation is recorded on the straight-line method, based
upon an estimated useful life of 40 years. For the year ended June 30, 2025, real estate property taxes were approximately $34,000. The
outstanding mortgage balance was approximately $766,000 as of June 30, 2025 with a fixed interest rate of 3.50% per annum and the maturity
date is August 2051.

The
first Los Angeles single-family house is a 2,771 square foot home. The Company acquired the property on November 9, 2000 at an initial
cost of approximately $660,000. For the year ended June 30, 2025, real estate property taxes were approximately $12,000. Depreciation
is recorded on the straight-line method, based upon an estimated useful life of 40 years. The outstanding mortgage balance was approximately
$847,000 as of June 30, 2025 with a five-year fixed interest rate of 3.5% per annum and an adjustable rate thereafter at 2.5% over the
6-month LIBOR Index with semi-annual rate and payment adjustments. Semi-annual rate cap is 1.25% after the initial interest rate change
with a floor equal to the start rate and ceiling of 9.95%. The maturity date is August 1, 2051.

The
second Los Angeles single-family house is a 2,201 square foot home. The Company acquired the property on August 22, 2003 at an initial
cost of approximately $700,000. For the year ended June 30, 2025, real estate property taxes were approximately $14,000. Depreciation
is recorded on the straight-line method, based upon an estimated useful life of 40 years. The outstanding mortgage balance was approximately
$511,000 as of June 30, 2025, with a five-year fixed interest rate of 3.5% per annum and an adjustable rate thereafter at