<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 10-Q


       Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                For the Quarterly Period Ended SEPTEMBER 30, 2001

                         Commission File Number 0-13112

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A California Limited Partnership)

                  I.R.S. Employer Identification No. 95-3778627

                         9090 WILSHIRE BLVD., SUITE 201
                            BEVERLY HILLS, CA. 90211

                         Registrant's Telephone Number,
                       Including Area Code (310) 278-2191



Indicate by check mark whether the registrant (1) has filed all documents and
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding twelve 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 [X]      No [ ]

<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                               INDEX TO FORM 10-Q

                    FOR THE QUARTER ENDED SEPTEMBER 30, 2001



<TABLE>
<S>            <C>                                                                        <C>
PART I.  FINANCIAL INFORMATION

      Item 1.  Financial Statements

                  Consolidated Balance Sheets,
                        September 30, 2001 and December 31, 2000 ...........................1

                  Consolidated Statements of Operations,
                        Nine and Three Months Ended, September 30, 2001 and 2000............2

                  Consolidated Statement of Partners' Equity (Deficiency),
                        Nine Months Ended September 30, 2001 ...............................3

                  Consolidated Statements of Cash Flows,
                        Nine Months Ended September 30, 2001 and 2000 ......................4

                  Notes to Consolidated Financial Statements ...............................5

      Item 2.  Management's Discussion and Analysis of Financial
                  Condition and Results of Operation ......................................13


PART II.  OTHER INFORMATION

      Item 1.  Legal Proceedings...........................................................16

      Item 6.  Exhibits and Reports on Form 8-K ...........................................17

      Signatures ..........................................................................18
</TABLE>


<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                           CONSOLIDATED BALANCE SHEETS

                    SEPTEMBER 30, 2001 AND DECEMBER 31, 2000

                                     ASSETS


<TABLE>
<CAPTION>
                                                          2001
                                                       (Unaudited)          2000
                                                       -----------       -----------
<S>                                                    <C>               <C>
INVESTMENTS IN LIMITED PARTNERSHIPS (Note 2)           $   535,738       $   541,072

CASH AND CASH EQUIVALENTS (Note 1)                       2,466,799         3,197,380
                                                       -----------       -----------

          TOTAL ASSETS                                 $ 3,002,537       $ 3,738,452
                                                       ===========       ===========


                        LIABILITIES AND PARTNERS' EQUITY

LIABILITIES:
    Notes payable and amounts due for partnership
        interests (Notes 3 and 6)                      $ 1,765,000       $ 1,765,000
    Accrued interest payable (Notes 3 and 6)             2,167,400         2,064,801
    Accounts payable                                         9,528            16,429
                                                       -----------       -----------

                                                         3,941,928         3,846,230
                                                       -----------       -----------

COMMITMENTS AND CONTINGENCIES (Notes 4 and 5)

PARTNERS' EQUITY (DEFICIENCY):
    General partners                                      (360,583)         (352,267)
    Limited partners                                      (578,808)          244,489
                                                       -----------       -----------

                                                          (939,391)         (107,778)
                                                       -----------       -----------

           TOTAL LIABILITIES AND PARTNERS' EQUITY      $ 3,002,537       $ 3,738,452
                                                       ===========       ===========
</TABLE>


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



                                        1
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                      CONSOLIDATED STATEMENTS OF OPERATIONS
             NINE AND THREE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                       Nine months     Three months      Nine months     Three months
                                                          ended            ended            ended            ended
                                                      Sept 30, 2001    Sept 30, 2001    Sept 30, 2000    Sept 30, 2000
                                                      -------------    -------------    -------------    -------------
<S>                                                   <C>              <C>              <C>              <C>
REVENUE:
    Interest income                                    $   89,900       $   25,387       $  135,342           53,720
                                                       ----------       ----------       ----------       ----------

    Operating expenses:
       Management fees - general partner (Note 4)         154,826           51,609          154,825           51,875
       General and administrative (Note 4)                201,627          122,284          161,718           30,482
       Interest (Note 3)                                  102,600           34,200          102,600           34,200
                                                       ----------       ----------       ----------       ----------
                                                          459,053          208,093          419,143          116,557
                                                       ----------       ----------       ----------       ----------

LOSS FROM OPERATIONS                                     (369,153)        (182,706)        (283,801)         (62,837)
                                                       ----------       ----------       ----------       ----------

EQUITY IN INCOME (LOSS) OF LIMITED
      PARTNERSHIPS AND AMORTIZATION
      OF ACQUISITION COSTS (Note 2)                      (471,724)        (145,311)          36,000           12,000

DISTRIBUTIONS FROM LIMITED
      PARTNERSHIPS RECOGNIZED AS
      INCOME (Note 2)                                       9,264               --           14,777               --
                                                       ----------       ----------       ----------       ----------

NET LOSS                                               $ (831,613)      $ (328,017)      $ (233,024)      $  (50,837)
                                                       ==========       ==========       ==========       ==========

NET LOSS PER LIMITED PARTNERSHIP
     INTEREST (Note 1)                                 $      (49)      $      (19)      $      (14)      $       (3)
                                                       ==========       ==========       ==========       ==========
</TABLE>


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



                                        2
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             CONSOLIDATED STATEMENT OF PARTNERS' EQUITY (DEFICIENCY)
                      NINE MONTHS ENDED SEPTEMBER 30, 2001
                                   (Unaudited)



<TABLE>
<CAPTION>
                                       General         Limited
                                       Partners        Partners          Total
                                       ---------       ---------       ---------
<S>                                    <C>             <C>             <C>
PARTNERSHIP INTERESTS                                     16,810
                                                       =========


DEFICIENCY,
     January 1, 2001                   $(352,267)      $ 244,489       $(107,778)

     Net loss for the nine months
     ended September 30, 2001             (8,316)       (823,297)       (831,613)
                                       ---------       ---------       ---------

DEFICIENCY,
     September 30, 2001                $(360,583)      $(578,808)      $(939,391)
                                       =========       =========       =========
</TABLE>



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



                                        3

<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                           2001              2000
                                                                        -----------       -----------
<S>                                                                     <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
      Net loss                                                          $  (831,613)      $  (233,024)
      Adjustments to reconcile net loss to net
         cash (used in) provided by operating activities:
            Equity in loss (income) of limited partnerships
                and amortization of acquisition costs                       471,724           (36,000)
            Decrease in other assets                                             --           239,770
            Increase in accrued interest payable                            102,599            87,466
            Increase in accounts payable                                     (6,901)            6,032
                                                                        -----------       -----------

               Net cash (used in) provided by operating activities         (264,191)           64,244
                                                                        -----------       -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
      Capital contribution                                                       --          (120,411)
      Distributions from limited partnerships recognized as
         a return of capital                                                 40,441            14,680
      Advances to limited partnerships                                     (506,831)               --
                                                                        -----------       -----------

               Net cash used in investing activities                       (466,390)         (105,731)
                                                                        -----------       -----------


NET DECREASE IN CASH AND CASH EQUIVALENTS                                  (730,581)          (41,487)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                            3,197,380         3,312,395
                                                                        -----------       -----------

CASH AND CASH EQUIVALENTS, END OF PERIOD                                $ 2,466,799       $ 3,270,908
                                                                        ===========       ===========
</TABLE>


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



                                        4

<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2001


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       GENERAL

       The information contained in the following notes to the financial
       statements is condensed from that which would appear in the audited
       annual financial statements; accordingly, the financial statements
       included herein should be reviewed in conjunction with the financial
       statements and related notes thereto contained in the annual report for
       the year ended December 31, 2000 prepared by Real Estate Associates
       Limited VI and Subsidiaries (the "Partnership"). Accounting measurements
       at interim dates inherently involve greater reliance on estimates than at
       year end. The results of operations for the interim periods presented are
       not necessarily indicative of the results for the entire year.

       In the opinion of the Partnership, the accompanying unaudited financial
       statements contain all adjustments (consisting primarily of normal
       recurring accruals) necessary to present fairly the financial position of
       the Partnership at September 30, 2001 and the results of operations and
       changes in cash flows for the six and three months then ended.

       The general partners have a 1 percent interest in profits and losses of
       the Partnership. The limited partners have the remaining 99 percent
       interest which is allocated in proportion to their respective individual
       investments. National Partnership Investments Corp. (NAPICO) is the
       managing general partner of the Partnership. Casden Properties Inc. owns
       a 95.25% economic interest in NAPICO, with the balance owned by Casden
       Investment Corporation ("CIC"). CIC, which is wholly owned by Alan I.
       Casden, owns 95% of the voting common stock of NAPICO.

       BASIS OF PRESENTATION

       The accompanying financial statements have been prepared in conformity
       with accounting principles generally accepted in the United States of
       America.

       RECENT ACCOUNTING PRONOUNCEMENTS

       In July 2001, the Financial Accounting Standards Board issued SFAS No.
       141, "Business Combinations" and SFAS No. 142, "Goodwill and Other
       Intangible Assets." SFAS No. 141 was effective immediately and SFAS 142
       will be effective January 2002. The new standards are not expected to
       have a significant impact on the Partnership's financial statements.



                                       5
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2001


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

       USE OF ESTIMATES

       The preparation of financial statements in conformity with accounting
       principles generally accepted in the United States of America requires
       management to make estimates and assumptions that affect the reported
       amounts of assets and liabilities and disclosure of contingent assets and
       liabilities at the date of the financial statements and reported amounts
       of revenues and expenses during the reporting period. Actual results
       could differ from those estimates.

       PRINCIPLES OF CONSOLIDATION

       The consolidated financial statements include the accounts of Real Estate
       Associates Limited VI and its majority-owned general partnership. All
       significant intercompany accounts and transactions have been eliminated
       in consolidation.

       METHOD OF ACCOUNTING FOR INVESTMENT IN THE UNCONSOLIDATED LIMITED
       PARTNERSHIPS

       The investments in unconsolidated limited partnerships are accounted for
       on the equity method. Acquisition, selection and other costs related to
       the acquisition of the projects are capitalized as part of the investment
       account and are being amortized on a straight line basis over the
       estimated lives of the underlying assets, which is generally 30 years.

       CASH AND CASH EQUIVALENTS

       Cash and cash equivalents consist of unrestricted cash and bank
       certificates of deposit with maturities of three months or less. The
       Partnership has its cash and cash equivalents on deposit with high credit
       quality financial institutions. Such cash and cash equivalents are in
       excess of the FDIC insurance limit.

       NET LOSS PER LIMITED PARTNERSHIP INTEREST

       Net loss per limited partnership interest was computed by dividing the
       limited partners' share of net loss by the number of limited partnership
       interests outstanding during the period. The number of limited
       partnership interests was 16,810 for the periods presented.



                                       6
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2001


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

       INCOME TAXES

       No provision has been made for income taxes in the accompanying financial
       statements since such taxes, if any, are the liability of the individual
       partners.

       IMPAIRMENT OF LONG-LIVED ASSETS

       The Partnership reviews long-lived assets to determine if there has been
       any permanent impairment whenever events or changes in circumstances
       indicate that the carrying amount of the asset may not be recoverable. If
       the sum of the expected future cash flows is less than the carrying
       amount of the assets, the Partnership recognizes an impairment loss.

NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIPS

       The Partnership holds limited partnership interests in 20 limited
       partnerships as of September 30, 2001. In addition, the Partnership holds
       a general partner interest in REA III, which in turn, holds limited
       partner interests in 3 additional limited partnerships. In total,
       therefore, the Partnership holds interests, either directly or indirectly
       through REA III, in 23 partnerships, located in 13 different states,
       which owned as of September 30, 2001, residential low income rental
       projects consisting of 1,369 apartment units. The mortgage loans of these
       projects are payable to or insured by various governmental agencies.

       The Partnership, as a limited partner, is entitled to between 90 percent
       and 99 percent of the profits and losses of the limited partnerships it
       has invested in directly. The Partnership is also entitled to 99.9
       percent of the profits and losses of REA III. REA III holds a 99 percent
       interest in each of the limited partnerships in which it has invested.

       Equity in losses of unconsolidated limited partnerships is recognized in
       the financial statements until the limited partnership investment account
       is reduced to a zero balance or to a negative amount equal to further
       capital contributions required. Losses incurred after the limited
       partnership investment account is reduced to zero are not recognized. The
       cumulative amount of the unrecognized equity in losses of unconsolidated
       limited partnerships was in the aggregate approximately $11,220,000 and
       $11,357,000 as of September 30, 2001 and December 31, 2000, respectively.



                                       7
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2001


NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIP (CONTINUED)

       Distributions from the unconsolidated limited partnerships are accounted
       for as a return of capital until the investment balance is reduced to
       zero. Subsequent distributions received are recognized as income.

       The following is a summary of the investment in unconsolidated limited
       partnerships for the nine months ended September 30, 2001:

<TABLE>
       <S>                                                            <C>
       Balance, beginning of period                                   $ 541,072
       Equity in loss of limited partnerships                          (466,990)
       Amortization of acquisition costs                                 (4,734)
       Advances to limited partnerships                                 506,831
       Distribution recognized as a return of capital                   (40,441)
                                                                      ---------

       Balance, end of period                                         $ 535,738
                                                                      =========
</TABLE>

       The following are unaudited combined estimated statements of operations
       for the nine and three months ended September 30, 2001 and 2000 of the
       unconsolidated limited partnerships in which the Partnership has
       investments:

<TABLE>
<CAPTION>
                                     Nine months      Three months       Nine months      Three months
                                        ended             ended             ended             ended
                                   Sept. 30, 2001    Sept. 30, 2001    Sept. 30, 2000    Sept. 30, 2000
                                   --------------    --------------    --------------    --------------
       <S>                         <C>               <C>               <C>               <C>
       REVENUES:
            Rental and other        $ 7,422,000       $ 2,474,000       $ 7,446,000       $ 2,482,000
                                    -----------       -----------       -----------       -----------
       EXPENSES:
            Depreciation              1,209,000           403,000         1,202,000           401,000
            Interest                  1,941,000           647,000         2,006,000           669,000
            Operating expenses        4,602,000         1,534,000         4,558,000         1,519,000
                                    -----------       -----------       -----------       -----------

            Total expenses            7,752,000         2,584,000         7,766,000         2,589,000
                                    -----------       -----------       -----------       -----------

                   Net loss         $  (330,000)      $  (110,000)      $  (320,000)      $  (107,000)
                                    ===========       ===========       ===========       ===========
</TABLE>



                                       8
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2001


NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIP (CONTINUED)

       NAPICO, or one of its affiliates, is the general partner and property
       management agent for certain of the limited partnerships included above.
       The Local Partnerships pay the affiliate property management fees in the
       amount of 5 percent of their gross rental revenues and data processing
       fees. The amounts paid were approximately $86,195 for the nine months
       ended September 30, 2001.

       Under recently adopted law and policy, the United States Department of
       Housing and Urban Development ("HUD") has determined not to renew the
       Housing Assistance Payment ("HAP") Contracts on a long term basis on the
       existing terms. In connection with renewals of the HAP Contracts under
       such new law and policy, the amount of rental assistance payments under
       renewed HAP Contracts will be based on market rentals instead of above
       market rentals, which may be the case under existing HAP Contracts. The
       payments under the renewed HAP Contracts may not be in an amount that
       would provide sufficient cash flow to permit owners of properties subject
       to HAP Contracts to meet the debt service requirements of existing loans
       insured by the Federal Housing Administration of HUD ("FHA") unless such
       mortgage loans are restructured. In order to address the reduction in
       payments under HAP Contracts as a result of this new policy, the
       Multi-family Assisted Housing Reform and Affordability Act of 1997
       ("MAHRAA"), which was adopted in October 1997, provides for the
       restructuring of mortgage loans insured by the FHA with respect to
       properties subject to the Section 8 program. Under MAHRAA, an FHA-insured
       mortgage loan can be restructured into a first mortgage loan which will
       be amortized on a current basis and a low interest second mortgage loan
       payable to FHA which will only be payable on maturity of the first
       mortgage loan. This restructuring results in a reduction in annual debt
       service payable by the owner of the FHA-insured mortgage loan and is
       expected to result in an insurance payment from FHA to the holder of the
       FHA-insured loan due to the reduction in the principal amount. MAHRAA
       also phases out project-based subsidies on selected properties serving
       families not located in rental markets with limited supply, converting
       such subsidies to a tenant-based subsidy.

       When the HAP Contracts are subject to renewal, there can be no assurance
       that the local limited partnerships in which the Partnership has an
       investment will be permitted to restructure its mortgage indebtedness
       under MAHRAA. In addition, the economic impact on the Partnership of the
       combination of the reduced payments under the HAP Contracts and the
       restructuring of the existing FHA-insured mortgage loans under MAHRAA is
       uncertain.



                                       9
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2001


NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIP (CONTINUED)

       On December 30, 1998, after obtaining the consent of the limited
       partners, the Partnership sold its limited partnership interests in 10
       local limited partnerships and its general partner interest in one local
       general partnership to subsidiaries of Casden Properties Inc. The sale
       resulted in cash proceeds to the Partnership of $1,397,081 which was
       collected in 1999. In March 1999, the Partnership made cash distributions
       of $2,769,110 to the limited partners and $27,971 to the general
       partners, primarily using proceeds from the sale of the partnership
       interests.

NOTE 3 - NOTES PAYABLE

       Certain of the Partnership's investments involved purchases of
       partnership interests from partners who subsequently withdrew from the
       operating partnership. The purchase of these interests provides for
       additional cash payments of approximately $325,000 based upon specified
       events as outlined in the purchase agreements. Such amounts have been
       recorded as liabilities. In addition, the Partnership is obligated on
       non-recourse notes payable of $1,440,000 which bear interest at 9.5
       percent per annum and have principal maturities ranging from December
       1999 to December 2012.

       The notes and related interest are payable from cash flow generated from
       operations of the related rented properties as defined in the notes.
       These obligations are collateralized by the Partnership's investments in
       the limited partnerships. Unpaid interest is due at maturity of the
       notes.

       Maturity dates on the notes and related accrued interest payable are as
       follows:

<TABLE>
<CAPTION>
          Year Ending                                    Accrued
          December 31,             Notes                 Interest
          ------------           ----------             ----------
          <S>                    <C>                    <C>
              2001               $  520,000             $  835,437
              2002
              2003
              2004
              2005                  750,000                965,147
          Thereafter                170,000                366,816
                                 ----------             ----------

                                 $1,440,000             $2,167,400
                                 ==========             ==========
</TABLE>



                                       10
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2001


NOTE 3 - NOTES PAYABLE (CONTINUED)

       Note and related accrued interest payable, aggregating $1,355,437 as of
       September 30, 2001 became payable in 1999. Management is in the process
       of attempting to negotiate an extension of the maturity date on the past
       due note payable.

NOTE 4 - MANAGEMENT FEES AND EXPENSES DUE TO GENERAL PARTNER

       Under the terms of the Restated Certificate and Agreement of Limited
       Partnership, the Partnership is obligated to NAPICO for an annual
       management fee of approximately .4 percent of the original invested
       assets of the limited partnerships. Invested assets are defined as the
       costs of acquiring project interests, including the proportionate amount
       of the mortgage loans related to the Partnership's interests in the
       capital accounts of the respective partnerships. This fee was
       approximately $155,000 for the nine months ended September 30, 2001 and
       2000.

       The Partnership reimburses NAPICO for certain expenses. The reimbursement
       to NAPICO was approximately $18,950 and $16,000 for the nine months ended
       September 30, 2001 and 2000, respectively, and is included in general and
       administrative expenses.

NOTE 5 - CONTINGENCIES

       On September 6, 2001, a lawsuit was filed against the Partnership seeking
       a monetary judgment in the amount of $2,495,465 pursuant to a promissory
       note issued in connection with the acquisition of Century Plaza
       Apartments, a 120-unit complex located in Hampton, Virginia. The
       defendants contend that the note is nonrecourse and intend to contest
       this action vigorously.

       In April 2001, a lawsuit was filed against the Partnership by a limited
       partner. The lawsuit seeks equitable relief for access to the
       Partnership's books and records and unspecified damages for breach of
       fiduciary duty. The Partnership has provided the plaintiff access to the
       requested books and records and the matter is schedule for trial on May
       15, 2002.

       On August 27, 1998, two investors holding an aggregate of eight units of
       limited partnership interests in Real Estate Associates Limited III (an
       affiliated partnership in which NAPICO is the managing general partner)
       and two investors holding an aggregate of five units of limited
       partnership interest in the Partnership commenced an action in the United
       States District Court



                                       11
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                               SEPTEMBER 30, 2001


NOTE 5 - CONTINGENCIES (CONTINUED)

       for the Central District of California against the Partnership, NAPICO
       and certain other affiliated entities. The complaint alleges that the
       defendants breached their fiduciary duty to the limited partners of
       certain NAPICO managed partnerships and made materially false and
       misleading statements in the consent solicitation statements sent to the
       limited partners of such partnerships relating to approval of the
       transfer of partnership interests in limited partnerships, owning certain
       of the properties, to Casden Properties Inc., which was organized by an
       affiliate of NAPICO. The plaintiffs seek equitable relief, as well as
       compensatory damages and litigation related costs. On August 4, 1999, one
       investor holding one unit of limited partnership interest in Housing
       Programs Limited (another affiliated partnership in which NAPICO is the
       managing general partner) commenced a virtually identical action in the
       United States District Court for the Central District of California
       against the Partnership, NAPICO and certain other affiliated entities.
       The second action has been subsumed in the first action, which has been
       certified as a class action. NAPICO, the managing general partner of such
       partnerships, and the other defendants believe that the plaintiffs'
       claims are without merit and are contesting the actions vigorously.

       The managing general partner of the Partnership is involved in various
       lawsuits and have also been named defendants in other lawsuits arising
       from transactions in the ordinary course of business.

       In the opinion of management and the corporate general partner, the above
       claims will not result in any material liability to the Partnership.

NOTE 6 - FAIR VALUE OF FINANCIAL INSTRUMENTS

       Statement of Financial Accounting Standards No. 107, "Disclosure about
       Fair Value of Financial Instruments," requires disclosure of fair value
       information about financial instruments, when it is practicable to
       estimate that value. The notes payable and amounts due for partnership
       interests are collateralized by the Partnership's investments in investee
       limited partnerships and are payable only out of cash distributions from
       the investee partnerships. The operations generated by the property and
       investee limited partnerships are subject to various government rules,
       regulations and restrictions which make it impracticable to estimate the
       fair value of the notes payable and related accrued interest. The
       carrying amounts of other assets and liabilities reported on the balance
       sheets that require such disclosure approximate fair value due to their
       short-term maturity.



                                       12
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                               SEPTEMBER 30, 2001


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

       LIQUIDITY AND CAPITAL RESOURCES

       The Partnership's primary sources of funds include interest income on
       short term investments and distributions from limited partnerships in
       which the Partnership has invested. It is not expected that any of the
       local limited partnerships in which the Partnership has invested will
       generate cash flow sufficient to provide for distributions to limited
       partners in any material amount. The Partnership made a distribution to
       investors in September 30, 2001, previously using proceeds from the
       disposition of its investments in certain limited partnerships.

       RESULTS OF OPERATIONS

       Rental operations consist primarily of rental income and depreciation
       expense, debt service, and normal operating expenses to maintain the
       properties. Variances in rental operations from the prior year to the
       current year relate to the sale of the Drexel Property.

       Partnership revenues consist primarily of interest income earned on
       certificates of deposit and other temporary investment of funds not
       required for investment in local partnerships.

       Operating expenses consist primarily of recurring general and
       administrative expenses and professional fees for services rendered to
       the Partnership. In addition, an annual Partnership management fee in an
       amount equal to .4 percent of invested assets is payable to the corporate
       general partner.

       The Partnership accounts for its investments in the local limited
       partnerships on the equity method, thereby adjusting its investment
       balance by its proportionate share of the income or loss of the local
       limited partnerships. Losses incurred after the limited partnership
       investment account is reduced to zero are not recognized in accordance
       with the equity accounting method.

       Distributions received from limited partnerships are recognized as return
       of capital until the investment balance has been reduced to zero or to a
       negative amount equal to future capital contributions required.
       Subsequent distributions received are recognized as income.



                                       13
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                               SEPTEMBER 30, 2001


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

       RESULTS OF OPERATIONS (CONTINUED)

       Except for certificates of deposit and money market funds, the
       Partnership's investments are entirely from interests in other limited
       and general partnerships owning government assisted projects. Available
       cash is invested in these funds earning interest income as reflected in
       the statement of operations. These funds can be converted to cash to meet
       obligations as they arise.

       Under recently adopted law and policy, the United States Department of
       Housing and Urban Development ("HUD") has determined not to renew the
       Housing Assistance Payment ("HAP") Contracts on a long term basis on the
       existing terms. In connection with renewals of the HAP Contracts under
       such new law and policy, the amount of rental assistance payments under
       renewed HAP Contracts will be based on market rentals instead of above
       market rentals, which may be the case under existing HAP Contracts. The
       payments under the renewed HAP Contracts may not be in an amount that
       would provide sufficient cash flow to permit owners of properties subject
       to HAP Contracts to meet the debt service requirements of existing loans
       insured by the Federal Housing Administration of HUD ("FHA") unless such
       mortgage loans are restructured. In order to address the reduction in
       payments under HAP Contracts as a result of this new policy, the
       Multi-family Assisted Housing Reform and Affordability Act of 1997
       ("MAHRAA"), which was adopted in October 1997, provides for the
       restructuring of mortgage loans insured by the FHA with respect to
       properties subject to the Section 8 program. Under MAHRAA, an FHA-insured
       mortgage loan can be restructured into a first mortgage loan which will
       be amortized on a current basis and a low interest second mortgage loan
       payable to FHA which will only be payable on maturity of the first
       mortgage loan. This restructuring results in a reduction in annual debt
       service payable by the owner of the FHA-insured mortgage loan and is
       expected to result in an insurance payment from FHA to the holder of the
       FHA-insured loan due to the reduction in the principal amount. MAHRAA
       also phases out project-based subsidies on selected properties serving
       families not located in rental markets with limited supply, converting
       such subsidies to a tenant-based subsidy.



                                       14
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                               SEPTEMBER 30, 2001


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

       RESULTS OF OPERATIONS (CONTINUED)

       When the HAP Contracts are subject to renewal, there can be no assurance
       that the local limited partnerships in which the Partnership has an
       investment will be permitted to restructure its mortgage indebtedness
       under MAHRAA. In addition, the economic impact on the Partnership of the
       combination of the reduced payments under the HAP Contracts and the
       restructuring of the existing FHA-insured mortgage loans under MAHRAA is
       uncertain.

       On December 30, 1998, the Partnership sold its limited partnership
       interests in 10 local limited partnerships and its general partner
       interest in one local general partnership to subsidiaries of Casden
       Properties Inc. The sale resulted in cash proceeds to the Partnership of
       $1,397,081 which was collected subsequent to year-end. In March 1999, the
       Partnership made cash distributions of $2,769,110 to the limited partners
       and $27,971 to the general partners, primarily using proceeds from the
       sale of the partnership interests.

       Note and related accrued interest payable, aggregating $1,355,437 as of
       September 30, 2001 became payable in 1999. Management is in the process
       of attempting to negotiate an extension of the maturity date on the past
       due note payable.



                                       15
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                               SEPTEMBER 30, 2001


PART II.  OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

On September 6, 2001, a lawsuit was filed against the Partnership seeking a
monetary judgment in the amount of $2,495,465 pursuant to a promissory note
issued in connect with the acquisition of Century Plaza Apartments, a 120-unit
complex located in Hampton, Virginia. The defendants contend that the note is
nonrecourse and intend to contest this action vigorously.

In April 2001, a lawsuit was filed against the Partnership by a limited partner.
The lawsuit seeks equitable relief for access to the Partnership's books and
records and unspecified damages for breach of fiduciary duty. The Partnership
has provided the plaintiff access to the requested books and records and the
matter is schedule for trial on May 15, 2002.

On August 27, 1998, two investors holding an aggregate of eight units of limited
partnership interests in Real Estate Associates Limited III (an affiliated
partnership in which NAPICO is the managing general partner) and two investors
holding an aggregate of five units of limited partnership interest in the
Partnership commenced an action in the United States District Court for the
Central District of California against the Partnership, NAPICO and certain other
affiliated entities. The complaint alleges that the defendants breached their
fiduciary duty to the limited partners of certain NAPICO managed partnerships
and made materially false and misleading statements in the consent solicitation
statements sent to the limited partners of such partnerships relating to
approval of the transfer of partnership interests in limited partnerships,
owning certain of the properties, to Casden Properties Inc., which was organized
by an affiliate of NAPICO. The plaintiffs seek equitable relief, as well as
compensatory damages and litigation related costs. On August 4, 1999, one
investor holding one unit of limited partnership interest in Housing Programs
Limited (another affiliated partnership in which NAPICO is the managing general
partner) commenced a virtually identical action in the United States District
Court for the Central District of California against the Partnership, NAPICO and
certain other affiliated entities. The second action has been subsumed in the
first action, which has been certified as a class action. NAPICO, the managing
general partner of such partnerships, and the other defendants believe that the
plaintiffs' claims are without merit and are contesting the actions vigorously.

The Partnership's managing general partner is involved in various lawsuits. None
of these lawsuits are related to the Partnership.



                                       16
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                               SEPTEMBER 30, 2001


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

     (a)  No exhibits are required per the provision of item 7 of regulation S-K
          and no reports on Form 8-K were filed during the quarter ended
          September 30, 2001.



                                       17
<PAGE>

                        REAL ESTATE ASSOCIATES LIMITED VI
                             (A LIMITED PARTNERSHIP)

                               SEPTEMBER 30, 2001


                                   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 thereunto duly authorized.


                                 REAL ESTATE ASSOCIATES LIMITED VI AND
                                 SUBSIDIARIES (a California limited partnership)


                                 By:    National Partnership Investments
                                        Corp., General Partner



                                        /s/ BRUCE NELSON
                                        ----------------------------------------
                                        Bruce Nelson
                                        President


                                 Date:  November 13, 2001
                                        ----------------------------------------




                                        /s/ BRIAN H. SHUMAN
                                        ----------------------------------------
                                        Brian H. Shuman
                                        Chief Financial Officer



                                 Date:  November 13, 2001
                                        ----------------------------------------



                                       18