##### Table of Contents





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 June 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
    incorporation or organization)

(I.R.S. Employer
    Identification Number)25521 Commercentre Drive
    Lake Forest, California

92630(Zip Code)(Address of principal executive
    offices)   (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




---



##### 



DEL TACO INCOME PROPERTIES IV
 PAGE NUMBERPART I. FINANCIAL INFORMATION
    
    
    3Item 1. Financial Statements
    
    
    3Condensed Balance Sheets at June 30, 2009 (Unaudited) and December 31, 2008
    
    
    3Condensed Statements of Income for the three and six months ended June 30, 2009 and 2008 (Unaudited)
    
    
    4Condensed Statements of Cash Flows for the six months ended June 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
  -2-




---



##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 ITEM I. FINANCIAL STATEMENTS
 DEL TACO INCOME PROPERTIES IV
 
 CONDENSED BALANCE SHEETS
 June 30,
    
    
    December 31,2009
    
    
    2008(Unaudited)ASSETSCURRENT ASSETS:Cash
    
    $
    103,184
    
    
    $
    120,448Receivable from Del Taco LLC
    
    
    36,649
    
    
    
    37,461Deposits
    
    
    552
    
    
    
    608Total current assets
    
    
    140,385
    
    
    
    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
    
    
    1,553,938
    
    
    
    1,526,3041,457,411
    
    
    
    1,485,045$
    1,597,796
    
    
    $
    1,643,562LIABILITIES AND PARTNERS EQUITYCURRENT LIABILITIES:Payable to limited partners
    
    $
    14,436
    
    
    $
    13,898Accounts payable
    
    
    9,102
    
    
    
    10,540Total current liabilities
    
    
    23,538
    
    
    
    24,438OBLIGATION TO GENERAL PARTNER
    
    
    137,953
    
    
    
    137,953PARTNERS EQUITY:Limited partners; 165,375 units outstanding at June 30, 2009
and December 31, 2008
    
    
    1,453,075
    
    
    
    1,497,493General partner-Del Taco LLC
    
    
    (16,770
    )
    
    
    (16,322
    )1,436,305
    
    
    
    1,481,171$
    1,597,796
    
    
    $
    1,643,562
  -3-




---



##### Table of Contents



DEL TACO INCOME PROPERTIES IV
 
 CONDENSED STATEMENTS OF INCOME   (UNAUDITED)
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2009
    
    
    2008
    
    
    2009
    
    
    2008RENTAL REVENUES
    
    $
    111,467
    
    
    $
    111,894
    
    
    $
    217,587
    
    
    $
    217,709EXPENSES:General and administrative
    
    
    9,028
    
    
    
    8,940
    
    
    
    43,270
    
    
    
    46,676Depreciation
    
    
    13,817
    
    
    
    13,817
    
    
    
    27,634
    
    
    
    27,63422,845
    
    
    
    22,757
    
    
    
    70,904
    
    
    
    74,310Operating income
    
    
    88,622
    
    
    
    89,137
    
    
    
    146,683
    
    
    
    143,399OTHER INCOME:Interest
    
    
    25
    
    
    
    108
    
    
    
    61
    
    
    
    373Other
    
    
    150
    
    
    
    750
    
    
    
    200
    
    
    
    925Net income
    
    $
    88,797
    
    
    $
    89,995
    
    
    $
    146,944
    
    
    $
    144,697Net income per limited
partnership unit (note 2)
    
    $
    0.53
    
    
    $
    0.54
    
    
    $
    0.88
    
    
    $
    0.87Number of units used in computing
per unit amounts
    
    
    165,375
    
    
    
    165,375
    
    
    
    165,375
    
    
    
    165,375
  -4-




---



##### Table of Contents



DEL TACO INCOME PROPERTIES IV
 
 CONDENSED STATEMENTS OF CASH FLOWS   (UNAUDITED)
 Six Months EndedJune 30,2009
    
    
    2008CASH FLOWS FROM OPERATING ACTIVITIES:Net income
    
    $
    146,944
    
    
    $
    144,697Adjustments to reconcile net income to net
cash provided by operating activities:Depreciation
    
    
    27,634
    
    
    
    27,634Changes in operating assets and liabilities:Receivable from Del Taco LLC
    
    
    812
    
    
    
    (1,872
    )Deposits
    
    
    56
    
    
    
    (114
    )Payable to limited partners
    
    
    538
    
    
    
    970Accounts payable
    
    
    (1,438
    )
    
    
    5,709Net cash provided by operating activities
    
    
    174,546
    
    
    
    177,024CASH FLOWS FROM FINANCING ACTIVITIES:Cash distributions to partners
    
    
    (191,810
    )
    
    
    (174,183
    )Net increase (decrease) in cash
    
    
    (17,264
    )
    
    
    2,841Beginning cash balance
    
    
    120,448
    
    
    
    115,922Ending cash balance
    
    $
    103,184
    
    
    $
    118,763
  -5-




---



##### Table of Contents



DEL TACO INCOME PROPERTIES IV
 
 NOTES TO CONDENSED FINANCIAL STATEMENTS   FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2009   UNAUDITED
 NOTE 1  BASIS OF PRESENTATION
  NOTE 2  NET INCOME PER LIMITED PARTNERSHIP UNIT
   NOTE 3  LEASING ACTIVITIES
  -6-




---



##### Table of Contents



DEL TACO INCOME PROPERTIES IV   NOTES TO CONDENSED FINANCIAL STATEMENTS  CONTINUED   FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2009   UNAUDITED
 NOTE 3  LEASING ACTIVITIES  continued
   NOTE 4  TRANSACTIONS WITH DEL TACO
    NOTE 5  DISTRIBUTIONS
  -7-




---



##### Table of Contents



DEL TACO INCOME PROPERTIES IV   NOTES TO CONDENSED FINANCIAL STATEMENTS  CONTINUED   FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2009   UNAUDITED
 NOTE 6  PAYABLE TO LIMITED PARTNERS
  NOTE 7  CONCENTRATION OF RISK
   -8-




---



##### Table of Contents



Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
 Liquidity and Capital Resources
   Results of Operations
   Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Orangethorpe Ave., Placentia, CA
    
    $
    47,229
    
    
    $
    48,012
    
    
    $
    92,289
    
    
    $
    94,117Lakeshore Drive, Lake Elsinore, CA
    
    
    39,008
    
    
    
    39,407
    
    
    
    74,894
    
    
    
    75,998Highland Ave., San Bernardino, CA
    
    
    25,230
    
    
    
    24,475
    
    
    
    50,404
    
    
    
    47,594Total
    
    $
    111,467
    
    
    $
    111,894
    
    
    $
    217,587
    
    
    $
    217,709
  -9-




---



##### Table of Contents



Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations 
continued
  Percent of TotalGeneral & Administrative ExpenseThree Months Ended
    
    Six Months EndedJune 30,
    
    June 30,2009
    
    2008
    
    2009
    
    2008Accounting fees
    
    
    63.02
    %
    
    
    52.61
    %
    
    
    81.25
    %
    
    
    80.57
    %Distribution of information
to limited partners
    
    
    36.98
    %
    
    
    47.39
    %
    
    
    18.75
    %
    
    
    19.43
    %100.00
    %
    
    
    100.00
    %
    
    
    100.00
    %
    
    
    100.00
    %
   Recent Accounting Pronouncements
  Off-Balance Sheet Arrangements
  -10-




---



##### Table of Contents



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.
  -11-




---



##### Table of Contents



Item 4T. Controls and Procedures
 (a)
    
    Evaluation of disclosure controls and procedures:
  (b)
    
    Changes in internal controls:
  (c)
    
    Asset-backed issuers:
  -12-




---



##### Table of Contents



PART II. OTHER INFORMATION
  
  (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
 -13-




---



##### Table of Contents



SIGNATURE
  DEL TACO INCOME PROPERTIES IV
(a California limited partnership)
Registrant
Del Taco LLC
General PartnerDate:  August 14, 2009
    /s/ Steven L. BrakeSteven L. BrakeTreasurer -14-




---



##### Table of Contents



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-