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UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
  Form 10-Q
  (Mark One)þ

QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the
    quarterly period ended September 30,
    2009ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the transition period
    from          to   Commission file
    no. 33-13437
  DEL TACO INCOME PROPERTIES
    IV
  (Exact name of registrant as
    specified in its charter)
  California

33-0241855(State or other jurisdiction
    of

(I.R.S. Employerincorporation or
    organization)

Identification Number)25521 Commercentre Drive
    Lake Forest, California(Address of principal
    executive offices)

92630(Zip Code)   (949) 462-9300
 (Registrants telephone number, including area code)
   þ o
  o o
  Rule 12b-2 o þ
  DOCUMENTS
    INCORPORATED BY REFERENCE
  Form S-11
  Rule 12b-2
  Large
    accelerated
    filer o
    Accelerated
    filer o
    Non-accelerated
    filer þ
    Smaller
    reporting
    company o   Rule 12b-2 o þ




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DEL TACO INCOME PROPERTIES IV
 PAGE NUMBERPART I. FINANCIAL INFORMATIONItem 1. Financial StatementsCondensed Balance Sheets at September 30, 2009 (Unaudited) and
December 31, 2008
    
    
    3Condensed Statements of Income for the three and nine months ended
September 30, 2009 and 2008 (Unaudited)
    
    
    4Condensed Statements of Cash Flows for the nine months ended
September 30, 2009 and 2008 (Unaudited)
    
    
    5Notes to Condensed Financial Statements (Unaudited)
    
    
    6Item 2. Managements Discussion and Analysis of
Financial Condition and Results of Operations
    
    
    9Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    11Item 4T. Controls and Procedures
    
    
    12PART II. OTHER INFORMATIONItem 6. Exhibits
    
    
    13SIGNATURE
    
    
    14EX-31.1EX-31.2EX-32.1
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PART I. FINANCIAL INFORMATION
 
 ITEM I.
    
    FINANCIAL STATEMENTS
 DEL TACO INCOME PROPERTIES IV
 
 CONDENSED BALANCE SHEETS
 September 30,
    
    
    December 31,2009
    
    
    2008(Unaudited)ASSETSCURRENT ASSETS:Cash
    
    $
    127,721
    
    
    $
    120,448Receivable from Del Taco LLC
    
    
    35,902
    
    
    
    37,461Deposits
    
    
    704
    
    
    
    608Total current assets
    
    
    164,327
    
    
    
    158,517PROPERTY AND EQUIPMENT:Land and improvements
    
    
    1,236,700
    
    
    
    1,236,700Buildings and improvements
    
    
    1,289,860
    
    
    
    1,289,860Machinery and equipment
    
    
    484,789
    
    
    
    484,7893,011,349
    
    
    
    3,011,349Lessaccumulated depreciation
    
    
    1,567,755
    
    
    
    1,526,3041,443,594
    
    
    
    1,485,045$
    1,607,921
    
    
    $
    1,643,562LIABILITIES AND PARTNERS EQUITYCURRENT LIABILITIES:Payable to limited partners
    
    $
    15,736
    
    
    $
    13,898Accounts payable
    
    
    18,982
    
    
    
    10,540Total current liabilities
    
    
    34,718
    
    
    
    24,438OBLIGATION TO GENERAL PARTNER
    
    
    137,953
    
    
    
    137,953PARTNERS EQUITY:Limited partners; 165,375 units outstanding at September 30, 2009
and December 31, 2008
    
    
    1,452,030
    
    
    
    1,497,493General partner-Del Taco LLC
    
    
    (16,780
    )
    
    
    (16,322
    )1,435,250
    
    
    
    1,481,171$
    1,607,921
    
    
    $
    1,643,562
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DEL TACO INCOME PROPERTIES IV
 
 CONDENSED STATEMENTS OF INCOME
 (UNAUDITED)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008RENTAL REVENUES
    
    $
    109,092
    
    
    $
    113,926
    
    
    $
    326,680
    
    
    $
    331,635EXPENSES:General and administrative
    
    
    12,731
    
    
    
    8,484
    
    
    
    56,001
    
    
    
    55,160Depreciation
    
    
    13,817
    
    
    
    13,817
    
    
    
    41,451
    
    
    
    41,45126,548
    
    
    
    22,301
    
    
    
    97,452
    
    
    
    96,611Operating income
    
    
    82,544
    
    
    
    91,625
    
    
    
    229,228
    
    
    
    235,024OTHER INCOME:Interest
    
    
    24
    
    
    
    135
    
    
    
    85
    
    
    
    508Other
    
    
    125
    
    
    
    75
    
    
    
    325
    
    
    
    1,000Net income
    
    $
    82,693
    
    
    $
    91,835
    
    
    $
    229,638
    
    
    $
    236,532Net income per limited
partnership unit (note 2)
    
    $
    0.50
    
    
    $
    0.55
    
    
    $
    1.37
    
    
    $
    1.42Number of units used in computing
per unit amounts
    
    
    165,375
    
    
    
    165,375
    
    
    
    165,375
    
    
    
    165,375
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DEL TACO INCOME PROPERTIES IV
 
 CONDENSED STATEMENTS OF CASH FLOWS
 (UNAUDITED)
 Nine Months EndedSeptember 30,2009
    
    
    2008CASH FLOWS FROM OPERATING ACTIVITIES:Net income
    
    $
    229,638
    
    
    $
    236,532Adjustments to reconcile net income to net
cash provided by operating activities:Depreciation
    
    
    41,451
    
    
    
    41,451Changes in operating assets and liabilities:Receivable from Del Taco LLC
    
    
    1,559
    
    
    
    (928
    )Deposits
    
    
    (96
    )
    
    
    (86
    )Payable to limited partners
    
    
    1,838
    
    
    
    2,160Accounts payable
    
    
    8,442
    
    
    
    (207
    )Net cash provided by operating activities
    
    
    282,832
    
    
    
    278,922CASH FLOWS FROM FINANCING ACTIVITIES:Cash distributions to partners
    
    
    (275,559
    )
    
    
    (274,473
    )Net increase in cash
    
    
    7,273
    
    
    
    4,449Beginning cash balance
    
    
    120,448
    
    
    
    115,922Ending cash balance
    
    $
    127,721
    
    
    $
    120,371
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DEL TACO INCOME PROPERTIES IV
 
 NOTES TO CONDENSED FINANCIAL STATEMENTS
 FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009
 UNAUDITED
 NOTE 1  BASIS OF PRESENTATION
  NOTE 2  NET INCOME PER LIMITED PARTNERSHIP UNIT
   NOTE 3  LEASING ACTIVITIES
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DEL TACO INCOME PROPERTIES IV
 NOTES TO CONDENSED FINANCIAL STATEMENTS  CONTINUED
 FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009
 UNAUDITED
 NOTE 3  LEASING ACTIVITIES  continued
   NOTE 4  TRANSACTIONS WITH DEL TACO
    NOTE 5  DISTRIBUTIONS
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DEL TACO INCOME PROPERTIES IV
 NOTES TO CONDENSED FINANCIAL STATEMENTS  CONTINUED
 FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009
 UNAUDITED
 NOTE 6  PAYABLE TO LIMITED PARTNERS
  NOTE 7  CONCENTRATION OF RISK
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Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
 Liquidity and Capital Resources
   Results of Operations
   Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Orangethorpe Ave., Placentia, CA
    
    $
    48,894
    
    
    $
    48,708
    
    
    $
    141,183
    
    
    $
    142,825Lakeshore Drive, Lake Elsinore, CA
    
    
    39,098
    
    
    
    39,919
    
    
    
    113,992
    
    
    
    115,917Highland Ave., San Bernardino, CA
    
    
    21,100
    
    
    
    25,299
    
    
    
    71,505
    
    
    
    72,893Total
    
    $
    109,092
    
    
    $
    113,926
    
    
    $
    326,680
    
    
    $
    331,635
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Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations 
continued
  Percent of TotalGeneral & Administrative ExpenseThree Months Ended
    
    Nine Months EndedSeptember 30,
    
    September 30,2009
    
    2008
    
    2009
    
    2008Accounting fees
    
    
    40.61
    %
    
    
    64.91
    %
    
    
    72.01
    %
    
    
    78.16
    %Distribution of information
to limited partners
    
    
    59.39
    %
    
    
    35.09
    %
    
    
    27.99
    %
    
    
    21.84
    %100.00
    %
    
    
    100.00
    %
    
    
    100.00
    %
    
    
    100.00
    %
   Recent Accounting Pronouncements
  Off-Balance Sheet Arrangements
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Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations 
continued
 Critical Accounting Policies and Estimates
  Revenue Recognition:
 Property and Equipment:
  
 Item 3.
    
    Quantitative and Qualitative Disclosures About Market Risk.
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Item 4T.
    
    Controls and Procedures
 (a)
    
    Evaluation of disclosure controls and procedures:
  (b)
    
    Changes in internal controls:
  (c)
    
    Asset-backed issuers:
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PART II. OTHER INFORMATION
  
 Item 6.
    
    Exhibits
 (a)
    
    Exhibits
 31.1
    
    Paul J. B. Murphy, IIIs Certification pursuant to Section 302 of
the Sarbanes-Oxley Act of 200231.2
    
    Steven L. Brakes Certification pursuant to Section 302 of the
Sarbanes-Oxley Act of 200232.1
    
    Certification pursuant to Subsections (a) and (b) of Section 1350,
Chapter 63 of Title 18, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002
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SIGNATURE
  DEL TACO INCOME PROPERTIES IV
(a California limited partnership)
RegistrantDel Taco LLC
General PartnerDate: November 16, 2009
    
    /s/ Steven L. Brake

Steven L. BrakeTreasurer
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EXHIBIT INDEX
 Exhibit No.
    
    Description31.1
    
    Paul J. B. Murphy, IIIs Certification pursuant to Section 302 of
the Sarbanes-Oxley Act of 200231.2
    
    Steven L. Brakes Certification pursuant to Section 302 of the
Sarbanes-Oxley Act of 200232.1
    
    Certification pursuant to Subsections (a) and (b) of Section 1350,
Chapter 63 of Title 18, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002
 -15-