-

UNITED
STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM
10-K

[x]
Annual Report Pursuant to Section 13 or 15 (d) of the Securities and
Exchange Act of 1934

For the fiscal year ended December 31, 2009

[
] Transition report pursuant to section 13 or 15(d) of the Securities
Exchange Act of 1934

For
the transition period from ________________ to _______________

Commission
File No.0-15346.

DSI
REALTY INCOME FUND Xa
California Limited Partnership

|California                                                         |  | 33-0195079                              
|------------------------------------------------------------------ |  | ----------------------------------------
|(State
				or other jurisdiction of incorporation or organization) |  | (I.R.S.
				Employer Identification No.)

6700
E. Pacific Coast Hwy., Long Beach, California 90803

(Address
of principal executive offices)

Registrant’s
telephone number, including area code (562) 493-8881

Securities
registered pursuant to Section 12(b) of the Act:

NONE

Securities
registered pursuant to Section 12(g) of the Act:

Units
of Limited Partnership Interests

Indicate
by check mark if registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. Yes [  ] No [X]

Indicate
by check mark if the registrant is not required to file reports pursuant
to Section 13 or Section 15(d) of the Exchange Act. Yes
[ ]  No [X]

Indicate
by check mark  whether the  registrant (l) 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 [ ]

Indicate by check mark whether the
registrant has submitted electronically and posted on its corporate Web site, if
any, every Interactive Data File required to be submitted and posted pursuant to
Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12
months (or for such shorter period that the registrant was required to submit
and post such files). Yes [ ] No [X]

Indicate
by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be
contained,  to the best of registrant's knowledge, in definitive
proxy or information  statements  incorporated  by reference in Part
III of this Form 10-K or any amendment to this Form 10-K. [X]

Indicate
by check mark whether the
registrant is
a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company.

Large
accelerated filer [  ] Accelerated filer [  ]  Non-accelerated
filer [  ] Smaller reporting company [X]

Indicate
by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).     Yes [ ]  No [X]



Certain
statements contained in this discussion or elsewhere in this report
may be deemed “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 and
Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Words and phrases such as
“expects”, “anticipates”, “intends”,
“plans”, “believes”, “seeks”,
“estimates”, “designed to achieve”,
variations of such words and similar expressions are intended to
identify such forward-looking statements, which generally are not
historical in nature. All statements that address operating
performance, events or developments that we expect or anticipate will
occur in the future – including statements relating to
rent and occupancy growth, general conditions in the geographic areas
where we operate – are forward-looking statements. These
statements are not guarantees of future performance and involve
certain risks, uncertainties and assumptions that are difficult to
predict.

Although
we believe the expectations reflected in any forward-looking
statements are based on reasonable assumptions, we can give no
assurance that our expectations will be attained and therefore,
actual outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements. Many of
the factors that may affect outcomes and results are beyond our
ability to control.

PART I

ITEM
l. BUSINESS

DSI
Realty Income Fund X (the "Partnership") is a publicly-held
limited partnership organized under the California Uniform Limited
Partnership Act pursuant to a Certificate and Agreement of Limited
Partnership (hereinafter referred to as "Agreement") dated
December 16, 1985 and restated to April 15, 1986. The General
Partners are DSI Properties, Inc., a California corporation and
Robert J. Conway and Joseph W. Conway, brothers. The General Partners
are affiliates of Diversified Securities, Inc., a wholly-owned
subsidiary of DSI Financial, Inc. The General Partners provide
similar services to other partnerships. Through its public offering
of Limited Partnership Units, Registrant sold thirty-one thousand
seven hundred eighty-three (31,783) units of limited partnership
interests aggregating Fifteen Million Eight Hundred Ninety One
Thousand Five Hundred Dollars ($15,891,500). The General Partners
have retained a one percent (1%) interest in all profits, losses and
distributions (subject to certain conditions) without making any
capital contribution to the Partnership. The General Partners are not
required to make any capital contributions to the Partnership in the
future.

The
Partnership is engaged in the business of investing in and operating
mini-storage facilities with the primary objectives of generating,
for its partners, cash flow, capital appreciation of its properties,
and obtaining federal income tax deductions so that during the early
years of operations, all or a portion of such distributable cash may
not represent taxable income to its partners. Funds obtained by
Registrant during the public offering period of its units were used
to acquire mini-storage facilities. Registrant does not intend to
sell additional limited partnership units. The term of the
Partnership is fifty years, but it is anticipated that the
Partnership will sell and/or refinance its properties prior to the
termination of the Partnership. The Partnership is intended to be
self-liquidating and it is not intended that proceeds from the sale
or refinancing of its operating properties will be reinvested.
Registrant has no full time employees but shares one or more
employees with other limited partnerships sponsored by the General
Partners.

The
General Partners are vested with authority as to the general
management and supervision of the business and affairs of the
Partnership. Limited Partners have no right to participate in the
management or conduct of such business and affairs. An independent
management company has been retained to provide day-to-day management
services with respect to all of the Partnership's investment
properties.

Please
refer to the discussion appearing elsewhere herein under the caption
Management's Discussion and Analysis of Financial Condition and
Results of Operations for a detailed analysis of the results of
operations of the Partnership's properties.

The
business in which the Partnership is engaged is highly competitive.
Each of its mini-storage facilities is located in or near a major
urban area, and accordingly, competes with a significant number of
individuals and organizations with respect to both the purchase and
sale of its properties and for rentals. Generally, the Partnership's
business is not affected by the change in seasons.

ITEM
1A. RISK FACTORS

Not
required.

ITEM
1B. UNRESOLVED STAFF COMMENTS

None.

ITEM
2. PROPERTIES

The
Partnership owns a fee interest in the
following
mini-storage
facilities, none of which are subject to long-term indebtedness.
Please refer to the discussion under “Business” for a
discussion of the average occupancy rate for each property owned by
the Partnership. The following table sets forth information regarding
properties owned by the Partnership.

|                           |         |        | 2009        | 2008       
|-------------------------- | ------- | ------ | ----------- | -----------
|                           | Parcel  |        | (Average)   | (Average)  
|                           | Size    | Date   | Rentable    | Revenue    
|Location                   | (Acres) | Opened | Sq.
				Ft. | Sq.
				Ft.
|Crestwood,
				IL          | 2.96    | Nov-87 | 49,322      | 8.53       
|Forestville,
				MD        | 4.18    | Aug-88 | 55,263      | 9.91       
|Troy, MI                   | 4.98    | Jun-88 | 82,150      | 7.21       
|Warren, MI
				(Groesbeck) | 4.76    | Jan-88 | 57,365      | 8.44       
|Warren, MI
				(Ryan Rd.)  | 4.29    | Sep-87 | 52,078      | 8.53       

The
Partnership is not a party to any material pending legal proceedings.

ITEM
4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There
were no matters submitted to a vote of security holders during 2009.



PART
II

ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market
InformationThe
Partnership is a limited partnership and thus has no common stock. 
There is no established trading market for limited partnership
interests in the Partnership and it is not anticipated that any such
public market will develop. The Limited Partnership Agreement
effectively prevents the transfer of Limited Partnership Interests
except under very limited circumstances.  In order to transfer a
Limited Partner­ship Interest, a Limited Partner must obtain the
consent of the General Partners of the Partnership, which have the
absolute right to refuse any request for a transfer.  In
addition, the proposed transferee must meet all applicable
suitability standards and agree to be bound by the Limited
Partnership Agreement.

Approximate
Number of Security Holders

As
of December 31, 2009, there were approximately926
holders
of Limited Partnership Interests.

Distributions

Average cash distributions of $6.71 per Limited Partnership Unit were declared
and paid each quarter for the year ended December 31, 2009 and $7.63 per Limited Partnership Unit were declared and paid each
quarter for the year ended December 31, 2008. It is the Partnership's
expectation that distributions will continue to be paid in the
future.

ITEM
6. SELECTED FINANCIAL DATA

Not
Required.

ITEM
7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS.

Critical
Accounting Policies

Revenue
recognition - Revenue is recognized using the accrual method based on
contractual amounts provided for in the lease agreements, which
approximates recognition on a straight-line basis. The term of the
lease agreements is usually less than one year.

RESULTS
OF OPERATIONS

2009 COMPARED TO 2008

Total
revenues decreased from $2,755,954 in 2008 to $2,490,168 in 2009, and
total expenses decreased from $1,885,299to $1,681,845, resulting in
a decrease in income from operations from $870,655 to $808,323.Rental revenues decreased
primarily as a result of decreased occupancy rates and poor economic conditions
nationwide.Occupancy levels for the Partnership’s
mini-storage facilities averaged 74.3% for the year 2009 as compared
to 78.2% for 2008.The
approximate $14,104 (1.2%) increase in operating expenses was due
primarily to increase in truck lease payments, partially offset by advertising, salaries and wages expenses, and truck
insurance
expenses. General and administrative expenses decreased approximately
$15,539 (5.2%) primarily as a result of lower office supplies and printing
expense. The General Partners’ incentive management fee which
is based on cash available for distribution, decreased as a result of
the decrease in net cash provided by operating activities.

Operating
expenses consist mainly of expenses such as yellow pages and other
advertising, utilities, and maintenance, real estate taxes, salaries
and wages and their related expenses. General and administrative
expenses consist mainly of expenses such as legal and professional,
office supplies, accounting services and computer expenses.

LIQUIDITY
AND CAPITAL RESOURCES

Net
cash provided by operating activities decreased approximately
$346,647 (32.5%) in 2009 compared to 2008 primarily due to decreases
in net income and accrued management and incentive fees,
and an increase in other assets.

Cash used
in investing activities, consists of acquisition of property or capital
improvements to the Partnership's mini storage facilities. There were no
material investing activities in either 2008 or 2009. The Partnership currently
has no material commitments for capital expenditures.Cash
used in financing activities, as set forth in the statements of cash
flows, has consisted solely of cash distributions to partners in 2009
and 2008 and payments on capital lease obligations in 2008.
Current
economic conditions continue to negatively impact the self storage
industry and our investment portfolio. The ongoing recession, increased government
intervention and higher taxes have all had a detrimental affect on
the performance
of all properties. Also, high unemployment rates are
affecting people’s discretionary income and their ability to
afford storage.
With the
continuing crisis in the housing and lending markets, very few new facilities are being built.
We anticipate that when the
financial markets stabilize and the economy begins to grow again,
occupancies and income should rebound quickly.
The
General Partners plan to continue to improve and maintain Partnership properties with
cash generated from operations. The Partnership anticipates that cash
flows generated from operations of the Partnership's rental real
estate operations will be sufficient to cover operating expenses and
distributions for the next twelve months and beyond.
The
General  Partners  are not aware of any  environmental  problems
which could  have a  material  adverse  effect  upon  the  financial
position  of the Partnership.
LONG-TERM
LIABILITIES, CONTRACTUAL OBLIGATIONS,
AND
OFF-BALANCE SHEET ARRANGEMENTS
None.
QUARTERLY
FINANCIAL INFORMATION (UNAUDITED)
Summarized
quarterly financial data for the year ended December 31, 2009 was as
follows:
2009
			Quarter Ended:March
			31
		June
			30
		September
			30
		December
			31Total revenues
		589,535
		673,561
		636,501
		590,571Net income
		161,874
		242,202
		160,374
		243,873Net
			income per limited partnership unit$
			 5.04
		$
			 7.54
		$
			 5.00
		$
			 7.85Weighted
			average number of
			limited partnership
			units outstanding31,783
		31,783
		31,783
		31,783ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Not
Required.
ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
DSI
REALTY INCOME FUND X(A
California Real Estate Limited Partnership)
INDEX
TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
FINANCIAL
STATEMENTS:
Report
of Independent Registered Public Accounting Firm F-1
Balance
Sheets as of December 31, 2009 and 2008 F-2
Statements
of Income for the Years Ended December 31, 2009 and 2008 F-3
Statements
of Changes in Partners' Equity (Deficit) for the Years Ended December
31, 2009 and 2008 F-4
Statements
of Cash Flows for the Years Ended December 31, 2009 and 2008 F-5
Notes
to Financial Statements F-6
SUPPLEMENTAL
SCHEDULE:
Schedule
III - Real Estate and Accumulated Depreciation as of December 31,
2009 F-9
ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL
DISCLOSURE.
None.
ITEM
9A. CONTROLS AND PROCEDURES
No
response required
ITEM
9A (T). CONTROLS AND PROCEDURES
The
Partnership’s management, with the participation of the
principal executive officer and principal financial officer of DSI
Properties, Inc., its General Partner, who are the equivalent of the
Partnership’s principal executive officer and principal
financial officer, respectively, has evaluated the effectiveness of
the Partnership’s disclosure controls and procedures (as
defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act of 1934, as amended (the“Exchange
Act”))
as of the end of the period covered by this report. Based on such
evaluation, the principal executive officer and principal financial
officer of the General Partner, who are the equivalent of the
Partnership’s principal executive officer and principal
financial officer, respectively, have concluded that, as of the end
of such period, the Partnership’s disclosure controls and
procedures are effective.
Management’s
Report on Internal Control Over Financial Reporting
The
Partnership’s management is responsible for establishing and
maintaining adequate internal control over financial reporting.
Internal control over financial reporting is defined in Rule
13a-15(f) and 15d-15(f) under the Exchange Act as a process designed
by, or under the supervision of, the principal executive and
principal financial officers of the General Partner, who are the
equivalent of the Partnership’s principal executive officer and
principal financial officer, respectively, and effected by the
Partnership’s management and other personnel to provide
reasonable assurance regarding the reliability of financial reporting
and the preparation of consolidated financial statements for external
purposes in accordance with generally accepted accounting principles
and includes those policies and procedures that:
pertain
	to the maintenance of records that in reasonable detail accurately
	and fairly reflect the transactions and dispositions of assets;provide
	reasonable assurance that transactions are recorded as necessary to
	permit preparation of consolidated financial statements in
	accordance with generally accepted accounting principles, and that
	receipts and expenditures are being made only in accordance with
	authorizations of the Partnership’s management; andprovide
	reasonable assurance regarding prevention or timely detection of
	unauthorized acquisition, use or disposition of assets that could
	have a material effect on the consolidated financial statements.Because
of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Projections of any
evaluation of effectiveness to future periods are subject to the
risks that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.
The
Partnership's management assessed the effectiveness of the Partnership's
internal control over financial reporting as of December 31, 2009. In making
this assessment, the Partnership's management used the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO) in
Internal Control-Integrated Framework.
Based on
their assessment, the Partnership's management concluded that, as of December
31, 2009, the Partnership's internal control over financial reporting was
effective.
This
annual report does not include an attestation report of the
Partnership’s registered public accounting firm regarding
internal control over financial reporting. Management’s report
was not subject to the attestation by the Partnership’s
registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission that permit the Partnership to
provide only management’s report in this annual report.
Changes
in Internal Control Over Financial Reporting.
There
have been no significant changes in the Partnership’s internal
control over financial reporting (as defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act) during the fourth quarter of 2009
that have materially affected, or are reasonably likely to materially
affect, the Partnership’s internal control over financial
reporting.
ITEM
9B. OTHER INFORMATION
None.
PART
III
ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.
The
Partnership has no directors or executives officers of its own. 
The following biographical information is presented for the officers
of DSI Properties, Inc., a General Partner of the Partnership, as
well as Robert J. Conway and Joseph W. Conway. The General Partners
have principal responsibility for the Partnership’s affairs.
DSI
Properties, Inc.
Robert
J. Conway,
75, has
been President, Chief Financial Officer and a member of the Board of
Directors of DSI Properties, Inc. since 1973.He has also been
President and a member of the Board of Directors of Diversified
Securities, Inc., since 1965. Mr. Conway is also a licensed
California real estate broker, and received a Bachelor of Science
Degree from Marquette University with majors in Corporate Finance and
Real Estate.
Joseph
W. Conway,80, has
been Vice President, Treasurer and member of the Board of Directors
of DSI Properties, Inc. since 1973. He has also been Executive Vice
President, Treasurer and a member of the Board of Directors of
Diversified Securities, Inc. since 1965. Mr. Conway received a
Bachelor of Arts Degree from Loras College with a major in
Accounting.
Joseph
W. Stok,
86, has
been a member of the Board of Directors of DSI Properties, Inc. since
1994, a Vice President of Diversified Securities, Inc. since 1973,
and an Account Executive with Diversified Securities, Inc. since
1967.
As
the Partnership has no directors or executive officers, it has no
audit, nominating or other committees.
ITEM
11. EXECUTIVE COMPENSATION
None
of the directors or officers of the General Partners received any
direct remuneration from the Partnership during the years ended
December 31, 2009 or 2008.
ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
AND RELATED STOCKHOLDER MATTERS
The
following table sets forth certain information regarding the
beneficial ownership of the Partnership's limited partnership units
as of December 31, 2009 by (i) each person known to beneficially own
more than 5% of the Partnership's limited partnership units, and (ii)
each officer of the General Partners of the Partnership.
Title
			of Class
		Name
			of Beneficial Owner
		Number
			of LP Units Beneficially Held (1)
		Percent
			of ClassLimited Partnership
			Interest
		Robert J. Conway
		1,396
			- Direct
		4.4Limited Partnership
			Interest
		Joseph W. Conway
		97 -
			Direct
		Less
			than 1%(1)
Unless otherwise indicated, the address for each listed director or
officer is c/o 6700 E. Pacific Coast Hwy. #150, Long Beach, CA 90803.
As used in this table, "beneficial ownership" means the
sole or shared power to vote or direct the voting or to dispose or
direct the disposition of any security.
(2)
As of December 31, 2009, no person owned more than 5% of the limited
partnership units of record, nor was any person known by the
Partnership to beneficially own more than 5% thereof.
ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE
The
Partnership has no employees and depends on the General Partners and
their affiliates for the management and administration of all
Partnership activities. The Partnership Agreement provides for
certain payments to affiliates for services and reimbursement of
certain expenses incurred by affiliates on behalf of the Partnership.
Under the Agreement of Limited Partnership, the General Partners are allocated
1% of the net profits or losses from operations of the Partnership. During 2009,
an aggregate of $125,280 was allocated to
the General Partners, and during 2008 an aggregate of $124,746 was
allocated to the General Partners.
In addition, under the Limited Partnership Agreement the General
Partners are entitled to receive a percentage, of any cash
distribution from the sale, other disposition, or refinancing of
properties of the Partnership, based on a formula set forth in the
Limited Partnership Agreement.As
there were no sales or refinancing of Partnership properties during
2009 or 2008, no such fees were paid during these periods.
In
addition, the general partners are entitled to receive an incentive
management fee for supervising the operations of the Partnership,
equal to 9% per annum of the cash available for distribution on a
cumulative basis, calculated as cash generated from operations less
capital expenditures. During 2009 the Partnership paid the General
Partners an incentive management fee of
$75,845,
and during 2008 the Partnership paid the General Partners an
incentive management fee of
$88,195.
All
of the Partnership’s properties were purchased from Dahn
Corporation ("Dahn"). Dahn is notaffiliated
with the
Partnership, but is affiliated with other partnerships in which DSI
Properties, Inc. is a general partner The Partnership has entered
into management agreements with Dahn to operate its mini-storage
facilities. Each agreement provides for a management fee equal to 5%
of gross revenue from operations, defined as the entire amount of all
receipts from the renting or leasing of storage compartments and sale
of locks. The management agreements are renewable annually. During
2009 and 2008 the Partnership paid Dahn management fees of $124,731
and $137,764,
respectively. Amounts payable to Dahn at December 31, 2009 and 2008,
were $311,971 and $410,198,
respectively.
None
of the General Partner's directors is “independent” under
the independence standards established by the Securities and Exchange
Commission, as all directors are employed by a General Partner.
ITEM
14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Audit
Fees
The
aggregate fees for professional services rendered by Cacciamatta
Accountancy Corporation for the audit of the Partnership's annual
financial statements and for reviews of the financial statements
included in the Partnership's Quarterly Reports on Form 10-Q for 2009
were$39,700and
for 2008 were $49,400.
Other
Fees
The
Partnership did not pay Cacciamatta Accountancy Corporation any
Non-Audit-Related Fees, Tax Fees, or other fees during 2009 and 2008.


PARTIV
ITEM
15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
(1)
Financial Statements
See
Index to Financial Statements and Supplemental Schedule in Item 7.
(2)
Financial Statement Schedules
See
Index to Financial Statements and Supplemental Schedule in Item 7.
(3)
Exhibits
13 Annual Report Letter
to Limited Partners
31.1 Rule
13a-14(a)/15d-14(a) Certification: Principal Executive Officer
31.2 Rule
13a-14(a)/15d-14(a) Certification: Principal Financial Officer
32.1 Section 1350
Certification: Principal Executive Officer
32.2 Section 1350
Certification: Principal Financial Officer
SIGNATURES
Pursuant
to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
DSI
REALTY INCOME FUND X,
a
California Limited Partnership
by:
DSI Properties, Inc., a California Corporation, 
as
General Partner
/s/
ROBERT J. CONWAY
By_____________________________
Dated:
March 31, 2010
ROBERT
J. CONWAY,President(Chief
Executive Officer, Chief Financial Officer, and Director)
/s/
JOSEPH W. CONWAY
By_____________________________
Dated:
March 31, 2010
JOSEPH
W. CONWAY,(Executive
Vice
President and Director)
Pursuant
to the requirements of the Securities Exchange Act of 1934, this
report has been signed by the following persons on behalf of the
registrant and in the capacities and on the date indicated.
DSI
REALTY INCOME FUND X,
a
California Limited Partnership
by:
DSI Properties, Inc., a California corporation, 
as General
Partner
/s/
ROBERT J. CONWAY
By_____________________________
Dated:
March 31, 2010
ROBERT
J. CONWAY,President(Chief
Executive Officer, Chief Financial Officer, and Director)
/s/
JOSEPH W. CONWAY
By_____________________________
Dated:
March 31, 2010
JOSEPH
W. CONWAY,(Executive Vice
President and Director)
Page
11
ITEM
15(1)
2009
ANNUAL REPORT TO LIMITED PARTNERS OF
DSI
REALTY INCOME FUND X
Financial Statements for its fiscal year ended December 31, 2009
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To
the Partners of DSI Realty Income Fund X:
We
have audited the accompanying balance sheets of DSI Realty Income
Fund X, a California Limited Partnership (the "Partnership")
as of December 31, 2009 and 2008 and the related statements of
income, changes in partners' equity (deficit), and cash flows for
each of the years in the two year period ended December 31, 2009. Our
audits also included the supplemental schedule listed in the Index at
Item 15(2). These financial statements and the supplemental schedule
are the responsibility of the Partnership's management. Our
responsibility is to express an opinion on these financial statements
and supplemental schedule based on our audits.
We
conducted our audits in accordance with the standards of the Public
Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. The Partnership is not required to have, nor were we
engaged to perform, an audit of its internal control over financial
reporting. Our audits included consideration of internal control over
financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Partnership's
internal control over financial reporting. Accordingly, we express no
such opinion.
An
audit also includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our
opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of DSI Realty Income Fund X at December 31, 2009 and 2008,
and the results of its operations and its cash flows for each of the years in
the two year
period ended December 31, 2009, in conformity with accounting principles
generally accepted in the United States of America. Also, in our opinion, the
supplemental schedule referred to above, when considered in relation to the basic financial
statements taken as a whole, presents fairly, in all material respects, the
information set forth therein.
/s/
Cacciamatta Accountancy Corporation
Santa
Ana, California
March 31,
2009
Page
F-1
DSI
REALTY INCOME FUND X(A
California Real Estate Limited Partnership)
BALANCE SHEETSAS OF DECEMBER 31
		2009
		2008ASSETSCash and cash
			equivalents
		$ 508,792
		$ 656,274Property, Net
		2,085,339
		2,096,342Uncollected rental
			revenue
		131,559
		154,591Prepaid advertising
		11,542
		50,422Other assets
		56,624
		56,523TOTAL
		$
			2,793,856
		$
			3,014,152LIABILITIES AND
			PARTNERS' EQUITYLIABILITIES:Distribution due to
			partners (Note 4)
		$ 200,650
		$ 240,780Incentive
			management fee liability
		340,800
		369,129Property
			management feeliability
		311,971
		410,198Capital leases
		-
		-Deferred income
		42,974
		40,875Accrued expenses
		14,633
		21,925Other liabilities
		208,094
		203,174Total
			liabilities
		1,119,122
		1,286,070PARTNERS' EQUITY
			(DEFICIT) (Note 4):General partners
		(125,280)
		(124,746)Limited partners
		1,800,014
		1,852,816Total partners'
			equity
		1,674,734
		1,728,070TOTAL
		$
			2,793,856
		$
			3,014,152The
accompanying notes are an integral part of these Financial Statements
Page
F-2
DSI
REALTY INCOME FUND X(A
California Real Estate Limited Partnership)
STATEMENTS OF
			INCOMEFOR THE YEARS ENDED DECEMBER 31
		2009
		2008REVENUES:Self-storage rental
			income
		$ 2,259,846
		$ 2,517,015Ancillary operating
			revenue
		229,845
		238,420Interest and other
			income
		477
		519Total Revenues
		$ 2,490,168
		$ 2,755,954EXPENSES:Depreciation
		15,622
		197,513Operating
		1,010,790
		1,160,514General and
			administrative
		285,872
		301,411Interest
		5,157
		(99)General
			partners' incentive management fee   (Note 4)
		75,845
		88,195Property management
			fee (Note 6)
		124,731
		137,764Total Expenses
		1,681,845
		1,885,299NET INCOME
		$
			808,323
		$
			870,655AGGREGATE NET
			INCOME ALLOCATED TO (Note 4):Limited partners
		$ 800,240
		$ 861,948General partners
		8,083
		8,707TOTAL
		$ 808,323
		$ 870,655Weighted
			average limited partnership Units outstanding
		31,783
		31,873NET INCOME PER
			LIMITED PARTNERSHIP UNIT (Notes 2 and 4)
		$25.18
		$27.12The
accompanying notes are an integral part of these Financial Statements
Page
F-3
DSI
REALTY INCOME FUND X(A
California Real Estate Limited Partnership)
STATEMENTS OF
			CHANGES IN PARTNERS' EQUITY (DEFICIT)General
		LimitedPartners
		Partners
		TotalBALANCE DECEMBER
			31, 2007
		$(123,654)
		$1,961,011
		$1,837,357Net income
			allocation
		8,707
		861,948
		870,655Distributions
		(9,799)
		(970,143)
		(979,942)BALANCE DECEMBER 31, 2008
		$(124,746)
		$1,852,816
		$1,728,070Net income
			allocation
		8,083
		800,240
		808,323Distributions
		(8,617)
		(853,042)
		(861,659)BALANCE DECEMBER
			31, 2009
		$(125,280)
		$1,800,014
		$1,674,734The
accompanying notes are an integral part of these Financial Statements
Page
F-4
DSI
REALTY INCOME FUND X(A
California Real Estate Limited Partnership)
STATEMENTS OF
			CASH FLOWSFOR THE YEARS ENDED
			DECEMBER 31
		2009
		2008CASH FLOWS FROM
			OPERATING ACTIVITIES:Net income
		$ 808,323
		$ 870,655Adjustments to
			reconcile net income to net cash providedby operating
			activities:Depreciation
		15,622
		197,513Changes in assets
			and liabilities:Other assets
		61,811
		(4,064)Incentive
			management fee payable to General Partners
		(28,329)
		88,195Property management
			fees payable
		(98,227)
		1,124Customer deposits
			and other liabilities
		(40,404)
		(87,979)Net cash provided
			by operating activities
		718,796
		1,065,443CASH FLOWS FROM
			INVESTING ACTIVITIES -Additions to
			property
		(4,619)
		-CASH FLOWS FROM
			FINANCING ACTIVITIES -Distributions to
			partners
		(861,659)
		(979,942)Payments on capital
			lease obligations
		-
		(45,099)Net cash used in
			financing activities
		(861,659)
		(1,025,041)NET
			INCREASEIN
			CASH AND CASH EQUIVALENTS
		(147,482)
		40,403CASH AND CASH
			EQUIVALENTS, BEGINNING OF YEAR
		656,274
		615,871CASH AND CASH
			EQUIVALENTS, END OF YEAR
		$ 508,792
		$ 656,274SUPPLEMENTAL
			DISCLOSURE OF CASHFLOW INFORMATION
			-Cash paid for
			interest
		$ 5,157
		$(99)NON
			CASH INVESTING AND FINANCINGACTIVITIES:Distribution due
			partners included in partners' equity
		$ 200,650
		$ 240,780The
accompanying notes are an integral part of these Financial Statements
Page
F-5
DSI
REALTY INCOME FUND X(A
California Real Estate Limited Partnership)
NOTES
TO FINANCIAL STATEMENTS 
DECEMBER 31, 2009
1.
GENERAL
DSI
Realty Income Fund X, a California Limited Partnership (the
"Partnership"), has three general partners (DSI Properties,
Inc., Robert J. Conway and Joseph W. Conway) and limited partners
owning 31,783 limited partnership units, which were purchased for
$500 per unit. The general partners have made no capital
contributions to the Partnership and are not required to make any
capital contributions in the future. The Partnership has a maximum
life of 50 years and was formed on April 15, 1986, under the
California Uniform Limited Partnership Act for the primary purpose of
acquiring and operating real estate.
The
Partnership owns five mini-storage facilities located in Ryan Road
and Groesbeck Highway, Michigan; Crestwood, Illinois; Forestville,
Maryland and Troy, Michigan. All facilities were purchased from
Dahn
Corporation ("Dahn"). Dahn is not affiliated with the
Partnership. Dahn is affiliated with other partnerships in which DSI
Properties, Inc. is a general partner (see Note 6).
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash
and Cash Equivalents - The Partnership classifies its short-term
investments purchased with an original maturity of three months or
less as cash equivalents.
Property
and Depreciation - Property is recorded at cost and is composed
primarily of mini-storage facilities. Depreciation is provided using
the straight-line method over an estimated useful life of 20 years
for the facilities. Building improvements are depreciated over a five
year period. Property under capital leases is amortized over the
lesser of the lives of the respective leases or the estimated useful
lives of the assets.
Income
Taxes - No provision has been made for income taxes in the
accompanying financial statements. The taxable income or loss of the
Partnership is allocated to each partner in accordance with the terms
of the Agreement of Limited Partnership. Each partner's tax status,
in turn, determines the appropriate income tax for its allocated
share of the Partnership's taxable income or loss. The net difference
between the basis of the Partnership's assets and liabilities for
federal income tax purposes and as reported for financial statement
purposes for the year ended December 31, 2009 and 2008 is $341,886
and $244,397, respectively.
Revenues
- Rental revenue is recognized using the accrual method based on
contractual amounts provided for in the lease agreements, which
approximates recognition on a straight-line basis. The term of the
lease agreements is usually less than one year.
Advertising Expense - Costs related to advertising in Yellow Pages are
capitalized and amortized over 12 months. All other advertising costs are
expensed as incurred. Advertising expense for the years ended December 31, 2009
and 2008 are $104,128 and $124,967 respectively.
Net
Income per Limited Partnership Unit - Net income per limited
partnership unit is computed by dividing net income allocated to the
limited partners by the weighted average number of limited
partnership units outstanding during each year.
Estimates
- The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of
America requires the Partnership to make estimates and assumptions
that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could differ
from those estimates.
Impairment
of Long-Lived Assets - The Partnership regularly reviews long-lived
assets for impairment whenever events or changes in circumstances
indicate that the carrying amount of the asset may not be
recoverable. If the sum of the expected undiscounted future cash flow
is less than the carrying amount of the asset, the Partnership would
recognize an impairment loss to the extent the carrying value
exceeded the fair value of the property. No impairment losses were
required in 2009 or 2008.
Fair
Value of Financial Instruments - For all financial instruments,
including cash and cash equivalents, other assets, distributions due
to partners, incentive management fee payable to general partners,
property management
fee payable, and customer deposits and other liabilities, carrying
values approximate fair values because of the short maturity of those
instruments. The carrying value of the capital lease obligations
approximates fair value because the terms of the instrument are
similar to terms available to the Partnership for similar types of
leasing agreements.
Page
F-6
Concentrations
of Credit Risk - Financial instruments that potentially subject the
Partnership to concentrations of credit risk consist primarily of
cash and cash equivalents and rent receivables. The Partnership
places its cash and cash equivalents with high credit quality
institutions.
Recent Accounting Pronouncements
In April
2009, the FASB issued ASC 825-10 (formerly FASB Staff Position No. FAS 107-1 and
APB 28-1, Interim Disclosures about Fair Value of Financial Instruments) ("ASC
825-10"), which requires that the fair value disclosures required for all financial
instruments within the scope of SFAS 107,  "Disclosures about Fair Value of
Financial Instruments," be included in interim financial statements.  This FSP
also requires entities to disclose the method and significant assumptions used
to estimate the fair value of financial instruments on an interim and annual
basis and to highlight any changes from prior periods.  ASC 825-10 was effective
for interim periods ending after June 15, 2009, with early adoption permitted. 
The adoption of ASC 825-10 did not have a material impact on the Partnership's
financial statements. 
In May 2009, the FASB issued ASC 855-10 (formerly Statement No. 165, Subsequent
Events) ("ASC 855-10"). ASC 855-10 establishes general standards of accounting for and
disclosure of events that occur after the balance sheet date but before
financial statements are issued or are available to be issued.  In accordance
with this Statement, entities should apply the requirements to interim or annual
financial periods ending after June 15, 2009.  The adoption of this statement
did not have a material impact on the Partnership's financial statements.
In June 2009, the FASB approved its Accounting Standards Codification, or
Codification, as the single source of authoritative United States accounting and
reporting standards applicable for all non-governmental entities, with the
exception of the SEC and its staff.  The Codification, which changes the
referencing of financial standards, is effective for interim or annual financial
periods ending after September 15, 2009.  Therefore, starting from the third
quarter of fiscal year 2009, all references made to US GAAP will use the new
Codification numbering system prescribed by the FASB.  As the Codification is
not intended to change or alter existing US GAAP, it did not have any impact on
the Partnership's financial statements.
As a result of the Partnership's implementation of the Codification during the
year ended December 31, 2009, previous references to new accounting
standards and literature are no longer applicable.  In the current
financial statements, the Partnership will provide reference to both new and old
guidance to assist in understanding the impact of recently adopted accounting
literature, particularly for guidance adopted since the beginning of the current
fiscal year but prior to the Codification.
In August 2009, the FASB issued Accounting Standards Update No. 2009-05 ("ASU
2009-05"), "Fair Value Measurements and Disclosures (Topic 820) - Measuring
Liabilities at Fair Value."  ASU 2009-05 amends Subtopic 820-10, "Fair Value
Measurements and Disclosures - Overall," and provides clarification for the fair
value measurement of liabilities.  ASU 2009-05 is effective for the first
reporting period including interim period beginning after issuance.  The
Partnership does not expect the adoption of ASU 2009-05 to have a material
impact on its financial statements.
3.
PROPERTY
The
total cost of property and accumulated depreciation were as follows as
of December 31:
2009
		2008Land
		$
			2,076,627
		$
			2,076,627Buildings and
			improvements
		10,903,101
		10,898,481Rental trucks under
			capital leases
		157,604
		157,604Total
		13,137,332
		13,132,712Less accumulated
			depreciation
		(11,051,993)
		(11,036,370)Property –
			net
		$2,085,339
		$2,096,342Depreciation
expense of $0 and $39,402 was recorded on the rental trucks
under capital leases in 2009 and 2008.
4.
ALLOCATION OF PROFITS AND LOSSES AND GENERAL PARTNERS' INCENTIVE
MANAGEMENT
FEE
Under
the Agreement of Limited Partnership, the general partners are to be
allocated 1% of the net profits or losses from operations, and the
limited partners are to be allocated the balance of the net profits
or losses from operations in proportion to their limited partnership
interests. The general partners are also entitled to receive a
percentage, based on a predetermined formula, of any cash
distribution from the sale, other disposition, or refinancing of the
project.
In
addition, the general partners are entitled to receive an incentive
management fee for supervising the operations of the Partnership. The
fee is to be paid in an amount equal to 9% per annum of the cash
available for distribution on a cumulative basis, calculated as cash
generated from operations less capital expenditures.
Page
F-7
5.
BUSINESS SEGMENT INFORMATION
The
following disclosure about segment reporting of the Partnership is made in
accordance with the requirements of ASC 280-10 (formerly SFAS No. 131,
"Disclosures About Segments of an Enterprise and Related Information") The
Partnership operates in a single segment; storage facility operations, under
which the Partnership rents its storage facilities to its customers on a need
basis and charges rent on a predetermined rate.
6.
RELATED-PARTY TRANSACTIONS
The
partnership has entered into management agreements with Dahn to
operate its mini-storage facilities. The management agreements
provide for a management fee equal to 6% of gross revenue from
operations, which is defined as the entire amount of all receipts
from the renting or leasing of storage compartments and sale of
locks. The management agreement is renewable annually. Dahn earned
management fees equal to $124,731 and $137,764 for the years ended
December 31, 2009 and 2008, respectively. Amounts payable to Dahn at
December 31, 2009 and 2008, were $311,971 and $410,198, respectively.
In
2004, the Partnership entered into truck lease agreements with KMD
Trucks, LLC ("KMD"). The president of Dahn, Brian Dahn, is
also a member of KMD. The truck lease agreements expired as of
December 31, 2008.
Page
F-8
ITEM
15(2)
DSI
REALTY INCOME FUND X(A
California Real Estate Limited Partnership)
SCHEDULE
III
REAL
ESTATE AND ACCUMULATED DEPRECIATIONAs of December 31, 2009
Initial
			Cost
		Gross
			Carrying Amount at December 31, 2009Description
		Acqui-sition
			Date
		Land
		Buildings
			and Improve-ments
		Costs
			Subse-quent to Acqui-sition
		Land
		Buildings
			and Improve-ments
		Total
		Accumulated
			DepreciationRyan
			Rd, Warren, MI
		02/87
		$264,544
		$1,715,183
		$11,230
		$264,544
		$1,726,413
		$1,990,957
		(1,726,395)Crestwood,
			IL
		04/87
		205,960
		1,631,179
		13,656
		205,960
		1,644,835
		1,850,795
		(1,645,342)Groesbeck
			Hwy., Warren, MI
		04/87
		314,517
		1,760,657
		88,470
		314,517
		1,849,127
		2,163,644
		(1,848,894)Forestville,
			MD
		08/87
		755,000
		2,278,110
		20,083
		755,000
		2,298,193
		3,053,193
		(2,298,965)Troy,
			MI
		06/88
		536,606
		3,152,736
		231,798
		536,606
		3,384,534
		3,921,140
		(3,374,793)$2,076,627
		$10,537,865
		$365,236
		$2,076,627
		10,903,101
		12,979,728
		(10,894,389)Notes:
Depreciation
	expense is computed using the straight-line method over an estimated
	useful life of 20 years for the buildings.There
	are no encumbrances.Page
F-9
EXHIBIT
13
2009
ANNUAL REPORT TO LIMITED PARTNERS OF
DSI
REALTY INCOME FUND X
Dear
Limited Partner:
This
report contains the Partnership's balance sheets as of December 31,
2009, and the related statements of income, changes in partners'
equity (deficit) and cash flows for each of the two years ended
December 31, 2009 accompanied by a report of Independent Registered
Public Accounting firm. The Partnership's properties were each
purchased for all cash and funded solely from subscriptions for
limited partnership interests without the use of mortgage financing.
Your
attention is directed to the section entitled Management's Discussion
and Analysis of Financial Condition and Results of Operations for the
General Partners' discussion and analysis of the financial statements
and operations of the Partnership.
Average
occupancy levels and revenue per square foot for each of the
Partnership's properties for the years ended December 31, 2009 and
2008 were as follows:
2009
			2008Parcel
			
			(Average)
			(Average)Size
			Date
			Rentable
			Revenue
			
			Rentable
			RevenueLocation
			(Acres)
			Opened
			Sq.
				Ft.
			Sq.
				Ft.
			Occ
				%
			Sq.
				Ft.
			Sq.
				Ft.
			Occ
				%Crestwood,
				IL
			2.96
			Nov-87
			49,322
			8.53
			76.3
			49,322
			9.69
			79.8Forestville,
				MD
			4.18
			Aug-88
			55,263
			9.91
			70.2
			55,263
			10.96
			72.1Troy, MI
			4.98
			Jun-88
			82,150
			7.21
			74.7
			82,150
			8.42
			80.7Warren, MI
				(Groesbeck)
			4.76
			Jan-88
			57,365
			8.44
			75.0
			57,185
			8.49
			77.5Warren, MI
				(Ryan Rd.)
			4.29
			Sep-87
			52,078
			8.53
			75.3
			52,078
			9.52
			80.9We
will keep you informed of the activities of your Fund as they
develop. If you have any questions, please contact us at your
convenience at (562) 493-3022. If you would like a copy of the
Partnership's Annual Report on Form 10-K for the year ended December
31, 2009, which was filed with the Securities and Exchange Commission
(which report includes the enclosed Financial Statements), we will
forward a copy of the report to you upon written request.
Very
truly yours,
DSI
REALTY INCOME FUND X
By:
DSI Properties, Inc.
/s/
ROBERT J. CONWAY
By_______________________________
ROBERT
J. CONWAY, President
EXHIBIT
31.1Rule
13a-14(a)/15d-14(a) Certification
I,
Robert J. Conway, certify that:
1.
I have reviewed this annual report on Form 10-K of DSI Realty Income
Fund X;
2.
Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which
such
statements were made, not misleading with respect to the period
covered by this report.
3.
Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash
flows of the registrant as of, and for, the periods presented in this
report.
4.
The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)), for the registrant and have:
a)
designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to
us by others within those entities, particularly during the period in
which this report is being prepared;
b)
evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures as of the end
of the period covered by this report based on such evaluation;
c)  
evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the
end of the period covered by this report based on such evaluation;
and
d)
disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the
registrant's most recent fiscal quarter (the registrant's fourth
fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting.
5.
The registrant's other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of
the registrant's board of directors (or persons performing the
equivalent functions):
a)
all significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant's ability to
record, process, summarize and report financial information; and
b)
any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal
control over financial reporting.
Date:March 31, 2010
/s/
ROBERT J. CONWAY _______________________________
Robert
J. Conway
President
of DSI Properties, Inc., General Partner (chief executive officer)
EXHIBIT
31.2Rule
13a-14(a)/15d-14(a) Certification
I,
Richard P. Conway, certify that:
1.
I have reviewed this annual report on Form 10-K of DSI Realty Income
Fund XI;
2.
Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which
such
statements were made, not misleading with respect to the period
covered by this report.
3.
Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash
flows of the registrant as of, and for, the periods presented in this
report.
4.
The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)), for the registrant and have:
a)
designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to
us by others within those entities, particularly during the period in
which this report is being prepared;
b)
evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures as of the end
of the period covered by this report based on such evaluation;
c)  
evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the
end of the period covered by this report based on such evaluation;
and
d)
disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the
registrant's most recent fiscal quarter (the registrant's fourth
fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting.
5.
The registrant's other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of
the registrant's board of directors (or persons performing the
equivalent functions):
a)
all significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant's ability to
record, process, summarize and report financial information; and
b)
any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal
control over financial reporting.
Date:
March 31, 2010
/s/
RICHARD P. CONWAY
__________________________________
Richard
P. Conway
Senior
Vice President of DSI Properties, Inc., General Partner (chief
financial officer)
EXHIBIT
32.1
CERTIFICATION
PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002
In
connection with the Annual Report of DSI REALTY INCOME FUND X (the
"Partnership") on Form 10-K for the period ending December
31, 2009 as filed with the Securities and Exchange Commission on the
date hereof (the "Report"), I, Robert J. Conway, President
of DSI Properties, Inc., General Partner of the Partnership, and
performing the functions of chief executive officer of the
Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant
to 906 of the Sarbanes-Oxley Act of 2002, that:
(1)
The Report fully complies with the requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all
material respects, the financial condition and result of operations
of the Partnership.
/s/
ROBERT J. CONWAY
___________________________________
Robert
J. Conway
President
of DSI Properties, Inc., General Partner (chief executive officer)
March 31, 2010
EXHIBIT
32.2
CERTIFICATION
PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002
In
connection with the Annual Report ofDSI
REALTY INCOME FUND X(the
"Partnership") on Form 10-K for the period ending December
31, 2009 as filed with the Securities and Exchange Commission on the
date hereof (the "Report"), I, Richard P. Conway, Senior
Vice President of DSI Properties, Inc., General Partner of the
Partnership, and performing the functions of chief financial officer
of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted
pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:
(1)
The Report fully complies with the requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all
material respects, the financial condition and result of operations
of the Partnership.
/s/
RICHARD P. CONWAY
__________________________________
Richard
P. Conway
Senior
Vice President of DSI Properties, Inc., General Partner (chief
financial officer)
March 31, 2010