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     JUNE 30, 1997
                              --------------------------------------------------

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                           (I.R.S. Employer
incorporation or organization)                            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 June 30, 1997:  21,585





                        PART I - FINANCIAL INFORMATION

                         ITEM 1. FINANCIAL STATEMENTS

                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                                BALANCE SHEETS
                     JUNE 30, 1997 AND DECEMBER 31, 1996
                                 (Unaudited)


(Dollars in thousands)                                      1997          1996
-------------------------------------------------------------------------------
ASSETS:
Rental property:
  Land                                                    $2,239        $2,239
  Land improvements                                          781           763
  Buildings and improvements                               7,231         7,174
  Furnishings and equipment                                1,043         1,041
-------------------------------------------------------------------------------

                                                          11,294        11,217
  Less: accumulated depreciation                           4,565         4,420
-------------------------------------------------------------------------------

                                                           6,729         6,797

Cash and cash equivalents                                    296           279
Note receivable                                              284           320
Other assets                                                 318           413
-------------------------------------------------------------------------------

   Total assets                                           $7,627        $7,809
===============================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY:
Note payable                                              $6,773        $6,986
Advances from General Partner                                  -           153
Accrued interest due to General Partner                      527           524
Deposits and other liabilities                               218           275
-------------------------------------------------------------------------------

   Total liabilities                                       7,518         7,938
-------------------------------------------------------------------------------

Partners' capital (deficit):
  Limited partners, 21,585 units issued
   and outstanding                                           560           334
  General Partner                                          (451)         (463)
-------------------------------------------------------------------------------

   Total partners' capital (deficit)                         109         (129)
-------------------------------------------------------------------------------

   Total liabilities and partners'
    capital (deficit)                                     $7,627        $7,809
===============================================================================








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


                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                           STATEMENTS OF OPERATIONS
                                 (Unaudited)



                                          THREE MONTHS ENDED   SIX MONTHS ENDED
                                           JUNE 30   June 30   JUNE 30  June 30
(Dollars in thousands,
 except per unit amounts)                     1997      1996      1997     1996
--------------------------------------------------------------------------------

REVENUE:

  Rent                                        $529      $494    $1,036     $974
  Interest and dividends                         8        10        18       20
--------------------------------------------------------------------------------

    Total revenue                              537       504     1,054      994
--------------------------------------------------------------------------------

EXPENSES:
  Interest, other than
   related party                                51         -       102        -
  Depreciation                                  73        73       145      147
  Operating                                    250       254       491      512
  Related party                                 32        82        65      165
  General and administrative                     5         5        13       11
--------------------------------------------------------------------------------

    Total expenses                             411       414       816      835
--------------------------------------------------------------------------------

NET INCOME                                    $126       $90      $238     $159
================================================================================



Net income allocable to limited
 partners                                     $120       $86      $226     $151
================================================================================

Net income allocable to General
 Partner                                        $6        $4       $12       $8
================================================================================

Net income per $500 limited
 partnership unit-based on
 21,585 units outstanding                    $5.56     $3.98    $10.47    $7.00
================================================================================












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


<PAGE>



                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                           STATEMENTS OF CASH FLOWS
            FOR THE SIX MONTH PERIODS ENDED JUNE 30, 1997 AND 1996
                                 (Unaudited)




(Dollars in thousands)                                           1997     1996
-------------------------------------------------------------------------------
Cash flows from operating activities:

Net income                                                       $238     $159
-------------------------------------------------------------------------------

Adjustments to reconcile net income to net cash
 provided by operating activities:
   Depreciation and amortization                                  152      147
   (Decrease) increase in other assets                             88     (66)
   Increase in accrued interest                                     3       19
   Decrease in deposits and other liabilities                    (57)     (37)
-------------------------------------------------------------------------------

                                                                  186       63
-------------------------------------------------------------------------------

Net cash provided by operating activities                         424      222
-------------------------------------------------------------------------------

Cash flow from investing activities:
   Improvements to rental property                               (77)     (23)
   Principal received on note receivable                           36       27
-------------------------------------------------------------------------------

Net cash (used in) provided by investing activities              (41)        4
-------------------------------------------------------------------------------

   Principal payments on notes payable                          (213)    (204)
   Principal payments to General Partner                        (153)    (145)
-------------------------------------------------------------------------------

Net cash used in financing activities                           (366)    (349)
-------------------------------------------------------------------------------

Net increase (decrease) in cash and
 cash equivalents                                                  17    (123)

Cash and cash equivalents,
 beginning of period                                              279      251
-------------------------------------------------------------------------------

Cash and cash equivalents,
 end of period                                                   $296     $128
===============================================================================







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



                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)

                        NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 1997


NOTE 1 - BASIS OF PRESENTATION

The  accompanying  financial  statements  of Property  Resources  Fund VI (the
`Partnership')  have been  prepared  in  accordance  with  generally  accepted
accounting   principles   applicable  to  interim  financial  information  and
pursuant  to  the  rules  and  regulations  of  the  Securities  and  Exchange
Commission.   Accordingly,   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.   However,   in  the  opinion  of
management, all adjustments,  consisting only of normal recurring adjustments,
necessary for a fair  presentation  have been included.  The Company  presumes
that  users of the  interim  financial  information  herein  have read or have
access to the audited  financial  statements for the preceding fiscal year and
that the adequacy of additional  disclosure needed for a fair presentation may
be determined in that context.  Accordingly,  footnote  disclosure which would
substantially  duplicate the disclosure  contained in the  Partnership's  1996
10-K has been omitted

NOTE 2 - CLEARLAKE VILLAGE APARTMENTS

On August 12, 1996, the loan  collateralized by the property Clearlake Village
Apartments  and  payable to  Franklin  Resources,  Inc.  an  affiliate  of the
General  Partner (the "Previous  Loan") was refinanced and replaced with a new
loan (the "Replacement  Loan") from an unaffiliated  third party,  First Union
National  Bank of  North  Carolina  (the  "Lender").  As a  condition  for the
refinance,  the Lender  required  that the Property be held in an entity which
owns only one  substantial  asset.  To meet this  condition,  the Property was
contributed to a new entity, Property Resources Fund VI Subsidiary,  L.P. (the
"Subsidiary").  The sole limited  partner of the Subsidiary is the Partnership
and the general  partner is Property  Resources,  Inc.  The  formation  of the
subsidiary  should  have  no  material  effect  in  cash or  profit  and  loss
allocations  between  the  Partnership  and the  General  Partner,  nor is the
amount of any fees payable to the General Partner increased thereby.

The amount of the Replacement  Loan, which is  collateralized  by the property
Clearlake  Village  Apartment,  is  $2,167,000,  the term is 10 years  and the
interest rate is 8.875%.  Principal  and interest  payments of $17,571 are due
monthly  until  maturity of the loan when the remaining  unpaid  principal and
accrued interest balances will become due.

The  Replacement  Loan  which  is  collateralized  by the  property  Clearlake
Village Apartments is non-recourse to the Partnership,  but is recourse to the
General Partner,  but only under certain conditions including losses resulting
from the presence of hazardous  substances  and from fraud.  The cash proceeds
from the loan were used to pay off the Previous Loan, to fund escrow  accounts
for property  taxes,  insurance  and capital  improvements,  and to pay Lender
fees and  costs  as well as  unaffiliated  mortgage  broker  commissions.  The
remaining funds were added to the reserves of the Partnership.










                          PROPERTY RESOURCES FUND VI
                      (A CALIFORNIA LIMITED PARTNERSHIP)


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 SIX MONTH PERIODS ENDED JUNE 30, 1997 AND 1996

Net income for the six month period ended June 30, 1997 increased $79,000,  or
50%,  compared to 1996 primarily as a result of the increase in rental revenue
and a decrease in operating expense.

Total revenue for the six month period ended June 30, 1997 increased  $60,000,
or 6%,  primarily  as a result of an increase in rental  revenue at the Grouse
Run  Apartments.  The  increase  in  rental  revenue  was  attributable  to an
increase  in  the  average  occupancy  and  rental  rates  at the  Grouse  Run
Apartments.  For the six  month  periods  ended  June  30,  1997  and 1996 the
average occupancy rate at Grouse Run Apartments was 94% and 92%, respectively.

Total expenses  decreased  $19,000,  or 2%, from $835,000 in 1996 to $816,000.
The decrease in total  expenses was  primarily  attributable  to a decrease in
operating  expense of $21,000 by the  Partnership's  two remaining  properties
reflecting  decreases in utilities and repairs and maintenance  expenses.  The
decrease  in related  party  expense of  $100,000  and  increase  in  interest
expense of $102,000 for the six months ended June 30, 1997,  when  compared to
the period in 1996 is due to the loan payable to related party being  replaced
with a new loan from an unaffiliated third party in August, 1996.

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 June 30, 1997, 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. All Partnership  properties
are subject to mortgages.

As of June 30, 1997, cash and cash equivalents  totaled  $296,000.  As of June
30, 1997,  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

LIQUIDITY AND CAPITAL RESOURCES (CONTINUED)

On August 12, 1996, the loan  collateralized by the property Clearlake Village
Apartments  and  payable to  Franklin  Resources,  Inc.  an  affiliate  of the
General  Partner (the "Previous  Loan") was refinanced and replaced with a new
loan (the "Replacement  Loan") from an unaffiliated  third party,  First Union
National  Bank of  North  Carolina  (the  "Lender").  As a  condition  for the
refinance,  the Lender  required  that the Property be held in an entity which
owns only one  substantial  asset.  To meet this  condition,  the Property was
contributed to a new entity, Property Resources Fund VI Subsidiary,  L.P. (the
"Subsidiary").  The sole limited  partner of the Subsidiary is the Partnership
and the general  partner is Property  Resources,  Inc.  The  formation  of the
Subsidiary  should  have  no  material  effect  in  cash or  profit  and  loss
allocations  between  the  Partnership  and the  General  Partner,  nor is the
amount of any fees payable to the General Partner increased thereby.

The amount of the  Replacement  Loan is  $2,167,000,  the term is 10 years and
the interest rate is 8.875%.  Principal  and interest  payments of $17,571 are
due monthly  until  maturity of the loan when the remaining  unpaid  principal
and accrued  interest  balances will become due. The Replacement Loan which is
collateralized by the property  Clearlake  Village  Apartments is non-recourse
to the  Partnership,  but is recourse to the General  Partner,  but only under
certain  conditions  including losses resulting from the presence of hazardous
substances  and from fraud.  The cash  proceeds from the loan were used to pay
off the Previous Loan, to fund escrow accounts for property  taxes,  insurance
and  capital  improvements,  and to pay  Lender  fees  and  costs  as  well as
unaffiliated  mortgage broker  commissions.  The remaining funds were added to
the reserves of the Partnership.

The  Partnership   presently  believes  that  funds  available  from  improved
operations  and from its note  receivable  due in 1999 will permit it to repay
advances 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 a loan refinancing.

Net cash provided by operating  activities for the six month period ended June
30,  1997 was  $424,000,  or $202,000  more than the same period in 1996.  The
increase  was  primarily  due to an to an increase in net income as  described
under "Results of Operations" and to a decrease in other assets.

Net cash provided by investing  activities for the six month period ended June
30,  1997,  decreased  $45,000 when  compared to the same period in 1996.  The
decrease was due to an increase in improvements to rental property.

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 June 30, 1997.









                                  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
                                          David P. Goss
                                          Chief Executive Officer


                                    Date:   AUGUST 13, 1997