SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
/_x_/ Quarterly report pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934.
For the quarterly period ended September 30, 1995
/___/ Transition report pursuant to Section 13 or 15(d) of the
Securities Act of 1934
for the transition period from ______________ to ________________.
Commission File Number 2-68926
DSI REALTY INCOME FUND VI, A California Limited Partnership
(Exact name of registrant as specified in its charter)
California_______________________________________95-3633566
(State or other jurisdiction of (I.R.S. Employer
incorporation) Identification No.)
3701 Long Beach Boulevard, Long Beach, California 90807
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code-(310)595-7711
_________________________________________________________________
Former name, former address and former fiscal year, if changed
since last report.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes _x_. No___.
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
The information required by Rule 10-01 of Regulation S-X is
included in the Quarterly Report to the Limited Partners of Registrant for
the period ended September 30, 1995 which is attached hereto as Exhibit "20"
and incorporated herein by this reference. Item 2.Management's Discussion and
Analysis of Financial Condition and Results of Operations.
Registrant incorporates by this reference its Quarterly Report
to Limited Partners for the period ended September 30, 1995.
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8K.
(a) Attached hereto as Exhibit "20" is Registrant's Quarterly
Report to Limited Partners for the period ended
September 30, 1995.
(B) Registrant did not file any reports on Form 8-K for the
period reported upon.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
Dated: October 31, 1995 DSI REALTY INCOME FUND VI
A California Limited Partnership
(Registrant)
By__/s/ Robert J. Conway______
DSI Properties, Inc., as General
Partner by ROBERT J. CONWAY,
President and Chief Financial
Officer
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
Dated: October 31, 1995 DSI REALTY INCOME FUND VI
A California Limited Partnership
(Registrant)
By___/s/ Robert J. Conway_____
DSI Properties, Inc., as General
Partner by ROBERT J. CONWAY,
President and Chief Financial
Officer
DSI REALTY INCOME FUND VI
(A California Real Estate Limited Partnership)
BALANCE SHEETS(UNAUDITED), September 30, 1995 AND DECEMBER 31, 1994
<TABLE>
<CAPTION>
September 30, December 31
1995 1994
<S> <C> <C>
ASSETS
CASH AND CASH EQUIVALENTS $ 712,547 $ 407,250
PROPERTY 4,852,695 5,131,402
OTHER ASSETS 53,950 26,960
TOTAL $5,619,192 $5,565,612
LIABILITIES AND PARTNERS' EQUITY
LIABILITIES $412,607 $372,270
PARTNERS' EQUITY:
General Partners (41,219) (41,352)
Limited Partners 5,247,804 5,234,694
Total partners' equity 5,206,585 5,193,342
TOTAL $5,619,192 $5,565,612
See accompanying notes to financial statements(unaudited).
STATEMENTS OF INCOME (UNAUDITED)
FOR THE THREE MONTHS ENDED September 30, 1995 AND 1994
September 30, September 30,
1995 1994
REVENUES:
Rental Income $643,148 $631,594
Interest 4,552 3,294
Total revenue 647,700 634,888
EXPENSES:
Operating Expenses 303,960 280,920
General and administrative 47,881 48,762
Total expenses 351,841 329,682
NET INCOME $295,859 $305,206
AGGREGATE NET INCOME ALLOCATED TO :
Limited partners $292,900 $302,154
General partners 2,959 3,052
TOTAL $295,859 $305,206
NET INCOME PER
LIMITED PARTNERSHIP UNIT $12.33 $12.72
LIMITED PARTNERSHIP
UNITS USED IN PER
UNIT CALCULATION 23,753 23,753
See accompanying notes to financial statements(unaudited).
STATEMENTS OF INCOME (UNAUDITED)
FOR THE NINE MONTHS ENDED September 30, 1995 AND 1994
September 30, September 30,
1995 1994
REVENUES:
Rental Income $1,871,663 $1,801,113
Interest 10,448 5,313
Total Revenues 1,882,111 1,806,426
EXPENSES:
Operating Expenses 891,216 832,544
General and Administrative 167,892 166,627
Total Expenses 1,059,108 999,171
NET INCOME $ 823,003 $ 807,255
AGGREGATE NET INCOME ALLOCATED TO:
Limited partners $ 814,773 $ 799,182
General partners 8,230 8,073
TOTAL $ 823,003 $ 807,255
NET INCOME PER LIMTED PARTNERSHIP
UNIT $34.30 $33.65
LIMITED PARTNERSHIP UNITS USED IN
PER UNIT CALCULATION 23,753 23,753
See accompanying notes to financial statements (unaudited)
</TABLE>
STATEMENTS OF CHANGES IN PARTNERS' EQUITY (UNAUDITED)
FOR THE NINE MONTHS ENDED September 30, 1995 AND 1994
<TABLE>
<CAPTION>
GENERAL LIMITED
PARTNERS PARTNERS TOTAL
<S> <C> <C> <C>
EQUITY AT DECEMBER 31, 1993 ($38,367) $5,530,231 $5,491,864
NET INCOME 8,073 799,182 807,255
DISTRIBUTIONS (7,498) (742,281) (749,779)
"EQUITY AT SEPTEMBER 30, 1994 ($37,792) $5,587,132 $5,549,340
"EQUITY AT DECEMBER 31, 1994 ($41,352) $5,234,694 $5,193,342
NET INCOME 8,230 814,773 823,003
DISTRIBUTIONS (8,097) (801,663) (809,760)
EQUITY AT SEPTEMBER 30, 1995 ($41,219) $5,247,804 $5,206,585
See accompanying notes to financial statements(unaudited).
</TABLE>
STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
<TABLE>
<CAPTION>
September 30, September 30,
1995 1994
<S> <C> <C>
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net income $ 823,003 $ 807,255
Adjustments to reconcile net
income to net cash provided
by operating activities:
Depreciation 311,094 311,094
Changes in assets and liabilities:
Decrease(Increase) in other assets (26,990) (28,702)
Increase in liabilities 40,337 57,893
Net cash provided by operating
activities 1,147,444 1,147,540
CASH FLOWS FROM INVESTING ACTIVITIES-
Purchase of property and equipment (32,387) (27,159)
CASH FLOWS FROM FINANCING ACTIVITIES -
Distributions to partners (809,760) (749,779)
NET INCREASE IN CASH AND
CASH EQUIVALENTS 305,297 370,602
CASH AND CASH EQUIVALENTS:
At beginning of period 407,250 293,874
At end of period $ 712,547 $ 667,476
See accompanying notes to financial statements(unaudited).
</TABLE>
DSI REALTY INCOME FUND VI
(A California Real Estate Limited Partnership)
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
1. GENERAL
DSI Realty Income Fund VI (the "Partnership"), a limited partnership,
has two general partners (DSI Properties, Inc., and Diversified Investors
Agency) and limited partners owning 23,753 limited partnership units.
The Partnership was formed under the California Uniform Limited Partnership
Act for the primary purpose of acquiring and operating real estate.
The accompanying financial information as of September 30, 1995, and for
the periods ended September 30, 1995 and 1994, is unaudited. Such financial
information includes all adjustments which are considered necessary by the
Partnership's management for a fair presentation of the results for the
periods indicated.
2. PROPERTY
Properties owned by the Partnership are all mini-storage facilities.
Depreciation is calculated using the straight line method over the estimated
useful life of 20 years. The total cost of property and accumulated
depreciation at September 30, 1995, is as follows:
<TABLE>
<S> <C>
Land $ 1,759,000
Buildings 8,352,509
Furniture and Equipment 36,612
Total 10,148,121
Less: Accumulated Depreciation ( 5,295,426)
Property - Net $ 4,852,695
</TABLE>
3. NET INCOME PER LIMITED PARTNERSHIP UNIT
Net income per limited partnership unit is calculated by dividing the
net income allocated to the limited partners by the number of limited
partnership units outstanding during the period.
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 9-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994
<PERIOD-END> SEP-30-1995 DEC-31-1994
<CASH> 712,547 407250
<SECURITIES> 0 0
<RECEIVABLES> 0 0
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 0 0
<PP&E> 10148121 10115734
<DEPRECIATION> 5295426 4984332
<TOTAL-ASSETS> 5619192 5565612
<CURRENT-LIABILITIES> 0 0
<BONDS> 0 0
<COMMON> 0 0
0 0
0 0
<OTHER-SE> 0 0
<TOTAL-LIABILITY-AND-EQUITY> 5619192 5565612
<SALES> 1871663 2399645
<TOTAL-REVENUES> 1882111 2410812
<CGS> 0 0
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 0 0
<INCOME-PRETAX> 823003 1081072
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 823003 1081072
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 823003 1081072
<EPS-PRIMARY> 0 0
<EPS-DILUTED> 0 0
</TABLE>
