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                         MARCH 31, 1998
                              --------------------------------------------------

OR

( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the transition period from                   TO
                              --------------------------------------------------


Commission file number                       2-77330
                      ----------------------------------------------------------


                           PROPERTY RESOURCES FUND VI
--------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)



CALIFORNIA                                                        94-2838890
--------------------------------------------------------------------------------
State or other jurisdiction of incorporation or organization) (I.R.S. Employer 
                                                             Identification No.)


                P. O. BOX 7777, SAN MATEO, CALIFORNIA 94403-7777
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


Registrant's telephone number, including area code     (650) 312-2000
--------------------------------------------------------------------------------


                                      N/A
--------------------------------------------------------------------------------
   Former name, former address and former fiscal year, if changed since last
                                    report


   Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the  Securities  Exchange  Act
of 1934  during the  preceding  12 months  (or 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

Limited Partnership Units Outstanding as of March 31, 1998:  21,585




                        PART I - FINANCIAL INFORMATION

                         ITEM 1. FINANCIAL STATEMENTS

                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                                BALANCE SHEETS
                     MARCH 31, 1998 AND DECEMBER 31, 1997
                                  (Unaudited)


(Dollars in thousands)                                      1998          1997
-------------------------------------------------------------------------------
ASSETS:
Real estate:
  Land                                                    $2,239        $2,239
  Land improvements                                          781           781
  Buildings and improvements                               7,347         7,347
  Furnishings and equipment                                 1060         1,050
-------------------------------------------------------------------------------
                                                           11427        11,417

  Less: accumulated depreciation                           4,780         4,708
-------------------------------------------------------------------------------
Total real estate, net                                      6647         6,709


Cash and cash equivalents                                    505           407
Note receivable                                              214           237
Other assets, net                                            261           308
-------------------------------------------------------------------------------

   Total assets                                           $7,627        $7,661
===============================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY:
 Notes payable                                            $6,452        $6,559
 Advances from General Partner                                 -             -
 Accrued interest due to General Partner                     527           527
 Deposits and other liabilities                              216           249
-------------------------------------------------------------------------------

Total liabilities                                          7,195         7,335
-------------------------------------------------------------------------------

Partners' capital (deficit):
  Limited partners, 21,585 units issued and                  897           766
outstanding
  General Partner                                          (435)         (440)
-------------------------------------------------------------------------------

   Total partners' capital (deficit)                         432           326
-------------------------------------------------------------------------------

   Total liabilities and partners' capital                $7,627        $7,661
(deficit)
===============================================================================






  The accompanying notes are an integral part of these financial statements.




                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                           STATEMENTS OF OPERATIONS
              FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND 1997
                                 (Unaudited)





(Dollars in thousands, except per           1998      1997
unit amounts)
-----------------------------------------------------------

REVENUE:

  Rent                                      $512      $507
  Interest and dividends                       9        10
-----------------------------------------------------------

    Total revenue                            521       517
-----------------------------------------------------------

EXPENSES:
  Interest, other than related party          51        48
  Depreciation                                72        75
  Operating                                  244       241
  Related party                               30        33
  General and administrative                  18         8
-----------------------------------------------------------

    Total expenses                           415       405
-----------------------------------------------------------

NET INCOME                                  $106      $112
===========================================================



Net income allocable to limited             $101      $106
partners
===========================================================

Net income allocable to General               $5        $6
Partner
===========================================================

Net  income per $500 limited
partnership unit-                          $4.68     $4.91
  based on 21,585 units outstanding
===========================================================







  The accompanying notes are an integral part of these financial statements.



                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                           STATEMENTS OF CASH FLOWS
          FOR THE THREE MONTH PERIODS ENDED MARCH 31, 1998 AND 1997
                                 (Unaudited)




(Dollars in thousands)                                      1998          1997
-------------------------------------------------------------------------------
Cash flows from operating activities:

Net income                                                  $106          $112
-------------------------------------------------------------------------------

Adjustments to reconcile net income to net cash
 provided by operating activities:
   Depreciation and amortization                              75            75
   (Increase) decrease in other assets                        44            92
   Increase in accrued interest                                -             2
   Decrease in deposits and other liabilities               (33)          (80)
-------------------------------------------------------------------------------
                                                              86            89
-------------------------------------------------------------------------------

Net cash provided by operating activities                    192           201
-------------------------------------------------------------------------------

Cash flow from investing activities:
   Improvements to rental property                          (10)          (20)
   Principal received on note receivable                      23            14
-------------------------------------------------------------------------------
Net cash (used in) provided by investing                      13           (6)
activities
-------------------------------------------------------------------------------

   Origination of note payable                                               -
   Principal payments on notes payable                     (107)         (107)
   Principal payments to General Partner                       -          (69)
-------------------------------------------------------------------------------
Net cash used in financing activities                      (107)         (176)
-------------------------------------------------------------------------------

Net increase in cash and cash equivalents                     98            19

Cash and cash equivalents, beginning of period               407           279
-------------------------------------------------------------------------------
Cash and cash equivalents, end of period                    $505          $298
===============================================================================



  The accompanying notes are an integral part of these financial statements.






                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)
                        NOTES TO FINANCIAL STATEMENTS
                                           MARCH 31, 1998

NOTE 1 - BASIS OF PRESENTATION

The accompanying  unaudited interim financial statements of Property Resources
Fund  VI (the  "Partnership")  have  been  prepared  in  accordance  with  the
instructions  to Form  10-Q  pursuant  to the  rules  and  regulations  of the
Securities  and  Exchange   Commission.   Certain   information  and  footnote
disclosures  normally included in financial  statements prepared in accordance
with generally accepted  accounting  principles have been condensed or omitted
pursuant  to such rules and  regulations.  In the opinion of  management,  all
appropriate  adjustments  necessary to a fair  presentation  of the results of
operations  have been made for the periods  shown.  All  adjustments  are of a
normal  recurring  nature.  Certain prior year amounts have been  reclassified
to conform to current year  presentations.  These financial  statements should
be read in conjunction with the  Partnership's  audited  financial  statements
for the year ended December 31, 1997.

ITEM 2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND
RESULTS OF OPERATIONS

INTRODUCTION

Management's  discussion  and analysis of financial  condition  and results of
operations  should be read in  conjunction  with the Financial  Statements and
Notes thereto.

RESULTS OF OPERATIONS

COMPARISON OF THE THREE-MONTH PERIODS ENDED MARCH 31, 1998 AND 1997

Net income for the three-month  periods ended March 31, 1998 decreased $6,000,
or 5%, when  compared to 1997  primarily as a result of increased  general and
administrative expenses.

Total  revenue for the  three-month  periods  ended  March 31, 1998  increased
$4,000,  or 1% when compared to 1997.  Both Grouse Run and  Clearlake  Village
experienced slight increases in rental revenues during the period.

Total expenses for the three-month periods ended March 31, 1998 increased
$10,000, or 2%, when compared to 1997 as a result of increases in general and
administrative expenses primarily accounting services.  A small increase in
property operating expenses, which was due to increased repair and
maintenance costs, was offset by a decrease in interest expense, as the note
payable to the General Partner was repaid in 1997.

LIQUIDITY AND CAPITAL RESOURCES

In July,  1983,  the  Partnership  completed a public  offering of its limited
partnership  units with total proceeds of $10,795,500  from the sale of 21,585
limited  partnership  units. The Partnership  acquired five properties with an
aggregate cost of $23,526,000.

As of March 31, 1998 the Partnership had two operating  properties:  Clearlake
Village  Apartments  and Grouse Run  Apartments.  The  buildings  and the land
upon which the buildings are located are owned directly by the  Partnership or
the Subsidiary,  as herein after defined, in fee. Both Partnership  properties
are subject to  mortgages.  Management is currently  marketing the  properties
for  sale,  and a sale of one or both of the  properties  may  occur  in 1998.
Management   estimates  that  the  net   realizable   value  of  the  property
approximates its carrying value;  however,  there can be no assurance that the
eventual  sales price of the property will not result in a loss or that a sale
will be consummated.

As of March  31,  1998,  cash and cash  equivalents  totaled  $505,000.  As of
March  31,  1998,   accrued  interest  due  to  General  Partner  amounted  to
$527,000.  The  General  Partner  presently  intends to  continue to make such
advances to the Partnership as necessary.  Consequently,  management  believes
that the Partnership's  current sources of funds will be adequate to meet both
its short-term and long-term capital commitments and operating requirements.




                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)


ITEM 2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND
RESULTS OF OPERATIONS (CONTINUED)

LIQUIDITY AND CAPITAL RESOURCES (CONTINUED)


The  Partnership  presently  believes that funds available from operations and
from its note  receivable due in 1999 will permit it to repay interest owed to
the General  Partner.  The  Partnership  also  believes that the present trend
toward  improved  operations  at its  properties  will  permit it to repay the
Grouse Run note  payable  due in 1999  either  from the sale of a property  or
from a loan refinancing.

Net cash  provided by  operating  activities  for the three month period ended
March 31,  1998 was  $192,000,  or $9,000  less than the same  period in 1997.
The decrease was primarily due to a decrease in net income as described  under
"Results of Operations".

Net cash  provided by  investing  activities  for the three month period ended
March 31, 1998,  increased  $19,000 when  compared to the same period in 1997.
In 1998, the  Partnership  received  $9,000 more  principle  repayments on the
note secured on Dell and spent  $10,000 less on capital  improvements  than in
the corresponding period in 1997.

IMPACT OF INFLATION
The  Partnership's  management  believes  that  inflation  may have a positive
effect on the  Partnership's  property  portfolio,  but this effect  generally
will not be fully realized until such properties are sold or exchanged.



                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                         PART II - OTHER INFORMATION


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K


(a)   Not applicable

(b)   Reports on Form 8-K

      No reports on Form 8-K were filed by the  Registrant  during the quarter
ended March 31, 1998.









                                  SIGNATURE


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 thereunto duly authorized.




                                    PROPERTY RESOURCES FUND VI


                                    By: /s/  David P. Goss
                                       Chief Executive Officer


                                    Date: May 15, 1998