<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
 
                                   FORM 10-Q
 
(Mark One)
 
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
 
For the quarterly period ended September 30, 1998
 
                                       OR
 
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934
 
Commission file number: 0-14271
 
     PRUDENTIAL-BACHE/EQUITEC REAL ESTATE PARTNERSHIP, A California Limited
                                  Partnership
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)
 
California                                      94-2949474
--------------------------------------------------------------------------------
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
 incorporation or organization)
 
One Seaport Plaza, New York, N.Y.               10292-0128
--------------------------------------------------------------------------------
(Address of principal executive offices)        (Zip Code)
 
Registrant's telephone number, including area code: (212) 214-3500
 
                                      N/A
--------------------------------------------------------------------------------
   Former name, former address and former fiscal year, if changed since last
                                    report.
 
   Indicate by check CK 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 _CK_  No __

<PAGE>
                         Part I. FINANCIAL INFORMATION
                          ITEM 1. FINANCIAL STATEMENTS
               PRUDENTIAL-BACHE/EQUITEC REAL ESTATE PARTNERSHIP,
                        A California Limited Partnership
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                                      September 30,     December 31,
                                                                          1998              1997
----------------------------------------------------------------------------------------------------
                                                                              (in thousands)
<S>                                                                   <C>               <C>
ASSETS
Investment in property:
Land                                                                    $  10,842         $ 10,842
Buildings, improvements and equipment                                      41,898           41,602
Less: Accumulated depreciation                                            (23,106)         (21,629)
      Allowance for loss on impairment of assets                             (500)            (500)
                                                                      -------------     ------------
Net investment in property                                                 29,134           30,315
Cash and cash equivalents                                                   1,803            1,106
Prepaid expenses and other assets, net                                      1,165            1,200
                                                                      -------------     ------------
Total assets                                                            $  32,102         $ 32,621
                                                                      -------------     ------------
                                                                      -------------     ------------
LIABILITIES AND PARTNERS' CAPITAL
Liabilities
Notes payable                                                           $  26,650         $ 26,650
Due to affiliates                                                             743              715
Accounts payable and accrued liabilities                                      722              664
Security deposits and deferred revenue                                        346              346
Real estate taxes payable                                                      59               57
                                                                      -------------     ------------
Total liabilities                                                          28,520           28,432
                                                                      -------------     ------------
 
Contingencies
Partners' capital
Unitholders (68,795 depositary units issued and outstanding)                3,853            4,454
General partners                                                             (271)            (265)
                                                                      -------------     ------------
Total partners' capital                                                     3,582            4,189
                                                                      -------------     ------------
Total liabilities and partners' capital                                 $  32,102         $ 32,621
                                                                      -------------     ------------
                                                                      -------------     ------------
----------------------------------------------------------------------------------------------------
                  The accompanying notes are an integral part of these statements.
</TABLE>
                                       2
<PAGE>
               PRUDENTIAL-BACHE/EQUITEC REAL ESTATE PARTNERSHIP,
                        A California Limited Partnership
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (Unaudited)
<TABLE>
<CAPTION>
                                          For the nine months ended          For the three months ended
                                       September 30,     September 30,     September 30,     September 30,
                                           1998              1997              1998              1997
----------------------------------------------------------------------------------------------------------
                                               (in thousands, except for depositary unit amounts)
<S>                                    <C>               <C>               <C>               <C>
REVENUES
Operating                                 $ 5,413           $ 4,964           $ 1,790           $ 1,741
Recovery of expenses                          339               277               114                90
Gain on disposition of investment              --                82                --                82
                                       -------------     -------------     -------------     -------------
                                            5,752             5,323             1,904             1,913
                                       -------------     -------------     -------------     -------------
 
EXPENSES
Property operating                          2,090             1,974               791               674
Interest                                    1,858             1,838               626               625
Depreciation and amortization               1,764             1,871               590               634
General and administrative                    647               214                95                68
                                       -------------     -------------     -------------     -------------
                                            6,359             5,897             2,102             2,001
                                       -------------     -------------     -------------     -------------
Net loss                                  $  (607)          $  (574)          $  (198)          $   (88)
                                       -------------     -------------     -------------     -------------
                                       -------------     -------------     -------------     -------------
ALLOCATION OF NET LOSS
Unitholders                               $  (601)          $  (568)          $  (196)          $   (87)
                                       -------------     -------------     -------------     -------------
                                       -------------     -------------     -------------     -------------
General partners                          $    (6)          $    (6)          $    (2)          $    (1)
                                       -------------     -------------     -------------     -------------
                                       -------------     -------------     -------------     -------------
Net loss per depositary unit              $ (8.74)          $ (8.26)          $ (2.85)          $ (1.27)
                                       -------------     -------------     -------------     -------------
                                       -------------     -------------     -------------     -------------
----------------------------------------------------------------------------------------------------------
</TABLE>
 
             CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' CAPITAL
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                                                GENERAL
                                                              UNITHOLDERS       PARTNERS      TOTAL
----------------------------------------------------------------------------------------------------
                                                                         (in thousands)
<S>                                                          <C>                <C>          <C>
Partners' capital (deficit)--December 31, 1997                   $4,454          $ (265)     $ 4,189
Net loss                                                           (601)             (6)        (607)
                                                             --------------     --------     -------
Partners' capital (deficit)--September 30, 1998                  $3,853          $ (271)     $ 3,582
                                                             --------------     --------     -------
                                                             --------------     --------     -------
----------------------------------------------------------------------------------------------------
                  The accompanying notes are an integral part of these statements.
</TABLE>
                                       3
<PAGE>
               PRUDENTIAL-BACHE/EQUITEC REAL ESTATE PARTNERSHIP,
                        A California Limited Partnership
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (Unaudited)
 
<TABLE>
<CAPTION>
                                                                      For the nine      For the nine
                                                                      months ended      months ended
                                                                      September 30,     September 30,
                                                                          1998              1997
<S>                                                                   <C>               <C>
-----------------------------------------------------------------------------------------------------
                                                                              (in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                                 $  (607)          $  (574)
                                                                      -------------     -------------
Adjustments to reconcile net loss to net cash provided by
  operating activities:
  Depreciation and amortization                                            1,764             1,871
  Lease concessions-effective rents                                           42                 3
  Leasing commissions paid                                                   (74)             (286)
  Gain on disposition of investment                                           --               (82)
  Changes in:
     Prepaid expenses and other assets, net                                 (110)              (48)
     Due to affiliates                                                        28               (15)
     Accounts payable and accrued liabilities                                 58                42
     Security deposits and deferred revenue                                   --                22
     Real estate taxes payable                                                 2                38
                                                                      -------------     -------------
Total adjustments                                                          1,710             1,545
                                                                      -------------     -------------
Net cash provided by operating activities                                  1,103               971
                                                                      -------------     -------------
CASH FLOWS FROM INVESTING ACTIVITIES
Building improvements                                                       (296)             (592)
Proceeds from disposition of investment                                       --               140
                                                                      -------------     -------------
Net cash used in investing activities                                       (296)             (452)
                                                                      -------------     -------------
CASH FLOWS FROM FINANCING ACTIVITIES
Loan fees                                                                   (110)              (62)
                                                                      -------------     -------------
Net increase in cash and cash equivalents                                    697               457
Cash and cash equivalents at beginning of period                           1,106               697
                                                                      -------------     -------------
Cash and cash equivalents at end of period                               $ 1,803           $ 1,154
                                                                      -------------     -------------
                                                                      -------------     -------------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid                                                            $ 1,868           $ 1,716
                                                                      -------------     -------------
                                                                      -------------     -------------
-----------------------------------------------------------------------------------------------------
                  The accompanying notes are an integral part of these statements.
</TABLE>
                                       4
<PAGE>
               PRUDENTIAL-BACHE/EQUITEC REAL ESTATE PARTNERSHIP,
                        A California Limited Partnership
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 1998
                                  (Unaudited)
 
A. General
 
   These financial statements have been prepared without audit. In the opinion
of Prudential-Bache Properties, Inc. ('PBP') and Glenborough Corporation and
Robert Batinovich (together, 'Glenborough') (collectively, the 'General
Partners'), the financial statements contain all adjustments (consisting of only
normal recurring adjustments) necessary to present fairly the financial position
of Prudential-Bache/Equitec Real Estate Partnership, A California Limited
Partnership (the 'Partnership') as of September 30, 1998, and the results of its
operations for the nine and three months ended September 30, 1998 and 1997 and
its cash flows for the nine months ended September 30, 1998 and 1997. However,
the operating results for the interim periods may not be indicative of the
results expected for the full year.
 
   Certain information and footnote disclosures normally included in annual
financial statements prepared in accordance with generally accepted accounting
principles have been omitted. It is suggested that these financial statements be
read in conjunction with the financial statements and notes thereto included in
the Partnership's Annual Report on Form 10-K filed with the Securities and
Exchange Commission ('SEC') for the year ended December 31, 1997.
 
   The Partnership was formed on June 19, 1984 and will terminate on December
31, 2009 unless ended sooner under the provisions of the Amended and Restated
Limited Partnership Agreement (the 'Partnership Agreement'). The Partnership was
formed for the purpose of purchasing, holding, operating, leasing and selling
various real properties. At September 30, 1998, the Partnership owned five
properties.
 
   On October 13, 1997, the Partnership entered into a purchase agreement, as
amended (the 'Purchase Agreement'), with Glenborough Realty Trust Incorporated
and a subsidiary partnership, Glenborough Properties, L.P. (together, the
'Purchaser'), which are affiliates of Glenborough. Pursuant to the Purchase
Agreement, the Partnership intends to sell to the Purchaser (the 'Sale') all of
the Properties of the Partnership for cash. The Purchase Agreement provides for
a purchase price equal to $47,145,000. This price will be reduced by certain
credits to the Purchaser, which, in addition to any credits for secured
obligations which are assumed by the Purchaser, approximates $655,000 as of
September 30, 1998, if certain items of deferred maintenance at the Properties
are not completed prior to the closing of the Sale. On May 28, 1998, a consent
solicitation statement was sent to Unitholders ('Consent Solicitation'), who
owned interests in the Partnership on April 1, 1998, seeking approval for the
Sale. As of the termination of the consent solicitation period on July 13, 1998,
the requisite vote of Unitholders had consented to the Sale and the liquidation
of the Partnership.
 
   On June 26, 1998, a purported class action entitled Arthur Unger v.
Prudential-Bache Properties, Inc., Glenborough Corporation, et.al., was filed in
the Supreme Court of the State of New York, County of New York (the 'Unger
Action'). The Unger Action claims, among other things, that the General Partners
of the Partnership breached their fiduciary duty to the Unitholders of the
Partnership by, among other things, failing to act reasonably to maximize the
distributions to be made to Unitholders pursuant to the proposed liquidation of
the Partnership.
 
   In particular, the Unger Action claims that in considering the advisability
of offers made for one or more of the Partnership's real properties (the
'Properties') and direct and indirect interests in a joint venture whose sole
asset is one real property (the 'Interests,' and, together with the Properties,
the 'Assets'), the General Partners failed to use their best efforts to obtain
the highest possible bid from Hallwood Realty Partners L.P., which submitted an
unsolicited offer to the Partnership in November 1995 to purchase all of the
Assets. The Unger Action also claims that the consideration for which the
General Partners have agreed to sell the Assets pursuant to the Purchase
Agreement to the Purchaser is inadequate in that it is $2,000,000 less than the
appraised fair market value of the Assets. Moreover, the Unger Action alleges
that the Consent Solicitation disseminated by the General Partners in connection
with the proposed liquidation of the Partnership, contains certain
representations which are materially false and misleading. The Unger Action
seeks declaratory and compensatory relief and attorneys' fees and experts' fees.
The General Partners do not believe there is merit to these allegations and
intend to vigorously defend against the Unger Action.
 
                                       5
<PAGE>

   Prior to the scheduled closing of the Sale on July 31, 1998, the Purchaser 
advised the Partnership that it had elected not to proceed with the closing 
because of the pendency of the Unger Action.

   Thereafter, on November 19, 1998, the parties to the Unger Action entered 
into a Stipulation of Settlement (""Settlement Stipulation''), which, if 
approved by the Court, will allow the Sale pursuant to the Purchase Agreement 
to go forward. Among other things, the Settlement Stipulation also provides 
that the Purchaser will deposit $2,000,000 with plaintiffs counsel on the date
of the closing of the Sale (the 'Settlement Consideration'). The Settlement 
Consideration will be used to pay certain costs and expenses related to the 
Unger Action and the remainder will be distributed to all eligible Unitholders
other than those who elect not to participate in the settlement. As required
by the Settlement Stipulation, on November 16, 1998, the Partnership and the
Purchaser entered into a Third Amendment to Purchase Agreement, pursuant to 
which the parties agreed, among other things, (a) to extend the closing date 
to a date not more than thirty (30) days after (i) the expiration of the 
appeals period after the entry of a final judgment approving the Settlement 
Stipulation, and (ii) the satisfaction of any remaining conditions to closing,
subject to the Purchaser's right to extend the closing date for a period of up
to thirty (30) days for the purpose of facilitating a Section 1031 exchange,
(b) that if the closing does not occur on or before September 1, 1999, the 
transaction shall be terminated and the Purchaser shall be entitled to a 
refund of its $1,000,000 earnest money deposit, and (c) that if the closing 
occurs after March 31, 1999, all prorations and adjustments to the purchase 
price shall nonetheless be made as of March 31, 1999 (the 'Effective Closing 
Date'), thereby shifting to the Purchaser the risks of loss and the prospects 
of gain with respect to the Assets as of the Effective Closing Date.
 
   Mr. Robert Batinovich and the Glenborough Corporation, who played key roles
in ensuring that mortgage financing was available to the Partnership under
difficult conditions a few years ago by providing certain guarantees, have
agreed to continue to provide their guarantees through September 1, 1999 to
ensure the continuation of the Partnership's mortgage financing. However, the
Partnership may be required to refinance the mortgage.
 
   In the event the Settlement Stipulation is not approved by the court, or the
Sale is not otherwise achieved, the Partnership will review alternatives for a
disposition of its Assets. It is anticipated that any alternative liquidation
plan will entail additional costs that the Sale to the Purchaser would not have
required. There can be no assurance that the Partnership will be able to sell
all of its Assets, or that any sales will exceed the prices offered by the
Purchaser pursuant to the Purchase Agreement.
 
   As a result of this situation, the Partnership will not liquidate prior to
the end of the year.
 
   Certain expenses relating to lease commissions, lease concessions and loan
fees have been deferred, although previously paid, and are being amortized over
the terms of the respective leases or loans. At the closing of the Sale, the
remaining amount of these deferred items will be expensed. As of September 30,
1998, the amount of such deferred items approximates $905,000 which is reflected
in 'Prepaid expenses and other assets, net' in the Consolidated Statements of
Financial Condition.
 
                                       6
<PAGE>
B. Related Parties
 
   The General Partners and their affiliates perform services for the
Partnership which include, but are not limited to: accounting and financial
management; registrar, transfer and assignment functions; property management;
investor communications; printing and other administrative services. The General
Partners and their affiliates receive reimbursements for costs incurred in
connection with these services, the amount of which is limited by the provisions
of the Partnership Agreement. The costs and expenses were:
 
<TABLE>
<CAPTION>
                                                             Nine months              Nine months
                                                                ended                    ended
                                                          September 30, 1998       September 30, 1997
<S>                                                       <C>                      <C>
-----------------------------------------------------------------------------------------------------
                                                                        (in thousands)
PBP and affiliates:
  General and administrative                                     $111                     $ 72
                                                               ------                   ------
Glenborough and affiliates:
  Property management fee and expenses                            475                      502
  Leasing commissions                                              15                       96
                                                               ------                   ------
                                                                  490                      598
                                                               ------                   ------
                                                                 $601                     $670
                                                               ------                   ------
                                                               ------                   ------
</TABLE>
 
<TABLE>
<CAPTION>
                                                             Three months             Three months
                                                                ended                    ended
                                                          September 30, 1998       September 30, 1997
<S>                                                       <C>                      <C>
-----------------------------------------------------------------------------------------------------
                                                                        (in thousands)
PBP and affiliates:
  General and administrative                                     $ 67                     $ 24
                                                               ------                   ------
Glenborough and affiliates:
  Property management fee and expenses                            166                      180
  Leasing commissions                                              --                       65
                                                               ------                   ------
                                                                  166                      245
                                                               ------                   ------
                                                                 $233                     $269
                                                               ------                   ------
                                                               ------                   ------
</TABLE>
 
   The reimbursement to PBP for general and administrative expenses is not
current. During the nine months ended September 30, 1998, PBP was reimbursed
$100,000 which was applied to prior years' general and administrative expenses
due. PBP was reimbursed an additional $200,000 in October 1998 which was also
applied to prior years' general and administrative expenses due. At September
30, 1998 and December 31, 1997, the total liability outstanding to PBP was
approximately $720,000 and $715,000, respectively. At September 30, 1998, the
total liability outstanding to Glenborough was approximately $22,000.
 
   The Partnership maintains an account with the Prudential Institutional
Liquidity Portfolio Fund, an affiliate of PBP, for investment of its available
cash in short-term instruments pursuant to the guidelines established by the
Partnership Agreement.
 
   Prudential Securities Incorporated, an affiliate of PBP, owns 180 depositary
units at September 30, 1998.
 
C. Contingencies
 
   See discussion in Note A to the Consolidated Financial Statements.
 
                                       7
<PAGE>
               PRUDENTIAL-BACHE/EQUITEC REAL ESTATE PARTNERSHIP,
                        A California Limited Partnership
      ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                           AND RESULTS OF OPERATIONS
 
Liquidity and Capital Resources
 
   The Partnership generated cash from operations of $1,103,000 for the nine
months ended September 30, 1998. During the nine months ended September 30,
1998, the Partnership disbursed $296,000 for building and tenant improvements,
primarily at the Park Plaza, Poplar Towers and Gateway properties. In order to
keep the properties competitive, building and tenant improvements will continue
to be required.
 
   The Partnership had cash of $1,803,000 at September 30, 1998. The
reimbursement to PBP for general and administrative expenses is not current.
However, partial payments against deferred amounts are periodically made. At
September 30, 1998, the total liability outstanding was approximately $720,000.
Cash on hand plus any cash generated from operations may not be sufficient to
fund building and tenant improvements and to pay deferred general and
administrative expenses.
 
   In December 1996, the Partnership consolidated and refinanced all of the
existing notes on the five properties. The new note in the amount of $26,650,000
is secured by all of the properties and matured in December 1997. The lender has
agreed to several extensions of the note, mostly recently to extend the note to
February 1, 1999.
 
   The Partnership has entered into a Purchase Agreement to sell all of its
Properties for cash and the Unitholders have approved the sale and plan of
liquidation of the Partnership. (See Note A to the Consolidated Financial
Statements.) It is unlikely that investors will be returned a significant
portion of their original investment upon the sale of the Properties and
ultimate dissolution of the Partnership.
 
Results of Operations
 
   The Partnership's net loss increased $33,000 and $110,000, respectively, for
the nine and three months ended September 30, 1998 as compared to the
corresponding periods in 1997 for the reasons discussed below.
 
   Property operating revenues increased $449,000 and $49,000, respectively, for
the nine and three months ended September 30, 1998 as compared to the
corresponding periods in 1997 primarily due to increases at the Montrose and
Park Plaza properties. The increase in operating revenues was primarily the
result of increased occupancies at these two properties.
 
   Recovery of expenses increased $62,000 and $24,000, respectively, for the
nine and three months ended September 30, 1998 as compared to the corresponding
periods in 1997 primarily due to increased escalation charges at the Montrose
property.
 
   Property operating expenses increased $116,000 and $117,000, respectively,
for the nine and three months ended September 30, 1998 as compared to the
corresponding periods in 1997 primarily due to increased maintenance expenses at
the Montrose property in the second quarter of 1998, increased utility costs at
the Poplar Towers property in the third quarter of 1998 in addition to a
reversal of certain over-accrued expenses in the third quarter of 1997.
 
   Depreciation and amortization decreased $107,000 and $44,000, respectively,
for the nine and three months ended September 30, 1998 as compared to the
corresponding periods in 1997 primarily due to fully amortized loan fees during
1997.
 
   General and administrative expenses increased $433,000 and $27,000,
respectively, for the nine and three months ended September 30, 1998 as compared
to the same periods in 1997 due primarily to professional fees incurred in
connection with the Partnership's preparation of the Consent Solicitation to the
Unitholders.
 
                                       8
<PAGE>
                           PART II. OTHER INFORMATION
 
<TABLE>
<S>         <C>
Item 1.     Legal Proceedings--This information is incorporated by reference to Note A to the
            Consolidated Financial Statements in Part I.
 
Item 2.     Changes in Securities--None
 
Item 3.     Defaults Upon Senior Securities--None
 
Item 4.     Submission of Matters to a Vote of Security Holders
 
            Pursuant to the Consent Solicitation dated May 28, 1998, the Unitholders of the
            Registrant approved, on July 13, 1998, the sale of all the properties and plan of
            liquidation of the Registrant. The vote was 38,193 Units or 55.5% in favor, 1,514
            Units or 2.2% against and 680 Units or 1.0% abstaining. Reference is made to the
            Consent Solicitation dated May 28, 1998 which is incorporated by reference.
 
Item 5.     Other Information--None
 
Item 6.     Exhibits and Reports on Form 8-K
 
            (a) Exhibits:
 
2           Consent Solicitation Statement dated May 28, 1998 filed on the Registrant's Proxy
            Statement on Schedule 14A and incorporated by reference.
 
3 and 4     Amended and Restated Limited Partnership Agreement of Registrant dated February 11,
            1985 (incorporated by reference to Amendment No. 1 to the Registrant's Form S-11
            Registration Statement filed on February 14, 1985) and Amendment No. 1 thereto dated
            April 18, 1985 (incorporated by reference to Form 8-A filed on February 28, 1986), as
            amended on March 25, 1994 (incorporated by reference to Registrant's 1994 Annual
            Report on Form 10-K)
 
            Amended and Restated Agreement between General Partners dated December 28, 1990
            (incorporated by reference to the Registrant's 1990 Annual Report filed on Form 10-K)
 
10(k)       Purchase Agreement, dated as of Effective Date, by and among the Registrant,
            Glenborough Realty Trust Incorporated and Glenborough Properties, L.P.(1)
 
10(l)       Amendment to Purchase Agreement, dated December 19, 1997 by and among the Registrant,
            Glenborough Realty Trust Incorporated and Glenborough Properties, L.P.(1)
 
10(m)       Second Amendment to Purchase Agreement, dated April 27, 1998 by and among the
            Registrant, Glenborough Realty Trust Incorporated and Glenborough Properties, L.P.(1)
 
10(n)       Third Amendment to Purchase Agreement, dated November 16, 1998 by and among the Regis-
            trant, Glenborough Realty Trust Incorporated and Glenborogh Properties, L.P. (filed
            herewith)
 
27          Financial Data Schedule (filed herewith)
            (b) Reports on Form 8-K--None
            ---------------
            (1) Filed as an exhibit to Registrant's Proxy Statement on Schedule 14A dated May 28,
            1998 and incorporated by reference.
</TABLE>
 
                                       9
<PAGE>
                                   SIGNATURES
 
   Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
 
Prudential-Bache/Equitec Real Estate Partnership,
A California Limited Partnership
 
By: Prudential-Bache Properties, Inc.
    A Delaware corporation, General Partner
 
    By:   /s/ Eugene D. Burak                   Date: November 20, 1998
        ---------------------------------
        Eugene D. Burak
        Vice President
        Chief Accounting Officer for the Registrant
 
                                       10