<PAGE>   1
                       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 JUNE 30, 2000

                         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>   2



                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                               INDEX TO FORM 10-Q

                       FOR THE QUARTER ENDED JUNE 30, 2000



PART I.  FINANCIAL INFORMATION

<TABLE>
     Item 1.  Financial Statements

<S>          <C>                                                                       <C>
             Consolidated Balance Sheets,
                   June 30, 2000 and December 31, 1999 ................................1

             Consolidated Statements of Operations,
                   Six and Three Months Ended, June 30, 2000 and 1999..................2

             Consolidated Statement of Partners' Equity (Deficiency)
                   Six Months Ended June 30, 2000 .....................................3

             Consolidated Statements of Cash Flows
                   Six Months Ended June 30, 2000 and 1999 ............................4

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

      Item 2.  Management's Discussion and Analysis of Financial
               Condition and Results of Operation.....................................14


PART II.  OTHER INFORMATION

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

      Item 6.  Exhibits and Reports on Form 8-K .......................................16

      Signatures ......................................................................17
</TABLE>


<PAGE>   3

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                                 BALANCE SHEETS

                       JUNE 30, 2000 AND DECEMBER 31, 1999

                                     ASSETS
<TABLE>
<CAPTION>
                                                                        2000
                                                                      (Unaudited)         1999
                                                                     ------------      -----------
<S>                                                                  <C>               <C>
INVESTMENTS IN LIMITED PARTNERSHIPS (Note 2)                         $   610,909       $   509,999

CASH AND CASH EQUIVALENTS (Note 1)                                     3,334,932         3,312,395

DUE FROM NAPICO (Note 4)                                                       -           239,770
                                                                     -----------       -----------
          TOTAL ASSETS                                               $ 3,945,841       $ 4,062,164
                                                                     ===========       ===========


                               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)                           2,011,000         1,957,734
    Accounts payable                                                      19,502             6,905
                                                                     -----------       -----------
                                                                       3,795,502         3,729,639
                                                                     -----------       -----------

COMMITMENTS AND CONTINGENCIES (Notes 4 and 5)

PARTNERS' EQUITY (DEFICIENCY):
    General partners                                                    (349,686)         (347,864)
    Limited partners                                                     500,025           680,389
                                                                     -----------       -----------
                                                                         150,339           332,525
                                                                     -----------       -----------
           TOTAL LIABILITIES AND PARTNERS' EQUITY                    $ 3,945,841       $ 4,062,164
                                                                     ===========       ===========
</TABLE>



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


                                       1
<PAGE>   4


                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                      CONSOLIDATED STATEMENTS OF OPERATIONS
            FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2000 AND 1999
                                  (Unaudited)

<TABLE>
<CAPTION>

                                                      Six months     Three months     Six months      Three months
                                                         ended           ended            ended           ended
                                                     June 30, 2000   June 30, 2000    June 30, 1999   June 30, 1999
                                                     --------------  --------------   -------------   -------------

<S>                                                  <C>             <C>              <C>             <C>
REVENUE:
    Interest income                                       81,622          43,337          58,378          37,406
                                                       ---------       ---------       ---------       ---------

    Operating expenses:
       Management fees - general partner (Note 4)        102,950          51,342         221,964         110,982
       General and administrative (Notes 2 and 4)        131,236          73,530         220,358          86,153
       Interest                                           68,400          34,200          68,400          34,200
                                                       ---------       ---------       ---------       ---------
                                                         302,586         159,072         510,722         231,335
                                                       ---------       ---------       ---------       ---------

LOSS FROM OPERATIONS                                    (220,964)       (115,735)       (452,344)       (193,929)
                                                       ---------       ---------       ---------       ---------

EQUITY IN INCOME OF LIMITED
      PARTNERSHIPS AND AMORTIZATION
      OF ACQUISITION COSTS                                24,000          12,000          26,000          13,000

DISTRIBUTIONS FROM LIMITED
      PARTNERSHIPS RECOGNIZED AS
      INCOME (Note 2)                                     14,778          14,778          45,613          58,117
                                                       ---------       ---------       ---------       ---------

NET LOSS                                               $(182,186)      $ (88,957)      $(380,731)      $(122,812)
                                                       =========       =========       =========       =========

NET LOSS PER LIMITED PARTNERSHIP
     INTEREST (Note 1)                                 $     (11)      $      (5)      $     (23)      $      (7)
                                                       =========       =========       =========       =========
</TABLE>



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

                                       2

<PAGE>   5




                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

            CONSOLIDATED STATEMENTS OF PARTNERS' EQUITY (DEFICIENCY)
                     FOR THE SIX MONTHS ENDED JUNE 30, 2000
                                   (Unaudited)


<TABLE>
<CAPTION>

                                        General        Limited
                                       Partners        Partners         Total
                                      ----------      ----------      ----------

<S>                                   <C>             <C>             <C>
PARTNERSHIP INTERESTS                                    16,810
                                                      =========

DEFICIENCY,
     January 1, 2000                  $(347,864)      $ 680,389       $ 332,525

     Net loss for the six months
     ended June 30, 2000                 (1,822)       (180,364)       (182,186)
                                      ---------       ---------       ---------
DEFICIENCY,
     June 30, 2000                    $(349,686)      $ 500,025       $ 150,339
                                      =========       =========       =========
</TABLE>


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


                                       3
<PAGE>   6




                        REAL ESTATE ASSOCIATES LIMITED VI
                       (a California limited partnership)

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND 1999
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                            2000             1999
                                                                        -----------       -----------
<S>                                                                     <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
      Net loss                                                          $  (182,186)      $  (380,731)
      Adjustments to reconcile net loss to net
         cash used in operating activities:
            Equity in income of limited partnerships
                  and amortization of acquisition costs                     (24,000)          (26,000)
            Decrease in due from NAPICO                                     239,770                 -
            Increase in other assets                                              -            (6,100)
            Increase in accrued interest payable                             53,266            68,400
            Increase (decrease) in accounts payable                          12,597          (205,496)
                                                                        -----------       -----------

               Net cash provided by (used in) operating activities           99,447          (549,927)
                                                                        -----------       -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
      Distributions to limited partnerships recognized as
         as a return of capital                                                   -            38,414
      Advances to limited partnerships                                      (76,910)                -
      Sales proceeds                                                              -         1,397,081
                                                                        -----------       -----------

               Net cash (used in) provided by investing activities          (76,910)        1,435,495
                                                                        -----------       -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
      Distributions to partners                                                   -        (2,797,081)
                                                                        -----------       -----------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                         22,537        (1,911,513)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                            3,312,395         5,477,969
                                                                        -----------       -----------
CASH AND CASH EQUIVALENTS, END OF PERIOD                                $ 3,334,932       $ 3,566,456
                                                                        ===========       ===========

SUPPLEMENTAL DISCLOSURE OF
SUPPLEMENTAL CASH FLOW INFORMATION:
      Cash paid during the period for interest                          $    15,134       $   198,450
                                                                        ===========       ===========
</TABLE>





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

                                        4
<PAGE>   7


                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  JUNE 30, 2000


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, 1999 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 June 30, 2000 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
       corporate 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.

       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.



                                        5


<PAGE>   8

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 2000


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

       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 primarily with
       two 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 year. The number of limited partnership
       interests was 16,810 for the periods presented.

       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.


                                        6

<PAGE>   9


                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 2000


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

       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 June 30, 2000, after selling its interests in 10
       limited partnerships. 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 which owned as of June 30, 2000, 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.

       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.



                                        7

<PAGE>   10


                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 2000


NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIP (CONTINUED)

       The following is a summary of the investment in unconsolidated limited
       partnerships for the six months ended June 30, 2000:

<TABLE>
       <S>                                                 <C>
       Balance, beginning of period                         $509,999
       Equity in income of limited partnerships               26,000
       Advances to limited partnerships                       76,910
       Amortization of acquisition costs                      (2,000)
                                                            --------
       Balance, end of period                               $610,909
                                                            ========
</TABLE>

       The following are unaudited combined estimated statements of operations
       for the six and three months ended June 30, 2000 and 1999 of the
       unconsolidated limited partnerships in which the Partnership has
       investments:

<TABLE>
<CAPTION>
                                            Six months      Three months     Six months     Three months
                                               ended            ended           ended          ended
                                           June 30, 2000    June 30, 2000   June 30, 1999   June 30, 1999
                                           -------------    -------------   -------------   -------------
       <S>                                  <C>              <C>             <C>             <C>
       Revenues:
           Rental and other                 $ 4,964,000      $ 2,482,000     $ 4,956,000     $ 2,478,000
                                            -----------      -----------     -----------     -----------

       Expenses:
           Depreciation                         802,000          401,000         984,000         492,000
           Interest                           1,338,000          669,000       1,372,000         686,000
           Operating expenses                 3,038,000        1,519,000       2,896,000       1,448,000
                                            -----------      -----------     -----------     -----------
              Total expenses                  5,178,000        2,589,000       5,252,000       2,626,000
                                            -----------      -----------     -----------     -----------
                       Net loss             $  (214,000)     $  (107,000)    $  (296,000)    $  (148,000)
                                            ===========      ===========     ===========     ===========
</TABLE>


       NAPICO, or one of its affiliates, is the general partner and property
       management agent for certain of the limited partnerships included above.



                                        8

<PAGE>   11


                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 2000


NOTE 2 - INVESTMENTS IN LIMITED PARTNERSHIP (CONTINUED)

       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 was generally the case under existing HAP
       Contracts. The payments under the renewed HAP Contracts are not expected
       to 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.

       On September 11, 1998, HUD issued interim regulations implementing MAHRAA
       and final regulations are expected to be issued in 2000.

       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>   12


                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 2000


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.

       Note and related accrued interest payable, aggregating $1,293,688 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


                                       10

<PAGE>   13


                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 2000


NOTE 4 - MANAGEMENT FEES AND EXPENSES DUE TO GENERAL PARTNER (CONTINUED)

       fee was approximately $131,000 and $220,000 for the six months ended June
       30, 2000 and 1999, respectively.

       The Partnership reimburses NAPICO for certain expenses. The reimbursement
       to NAPICO was approximately $20,600 and $25,700 for the six months ended
       June 30, 2000 and 1999, respectively, and is included in general and
       administrative expenses.

NOTE 5 - CONTINGENCIES

       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 managing general partner of such NAPICO managed partnerships and the
       other defendants believe that the plaintiffs' claims are without merit
       and are contesting the actions vigorously.

       The corporate 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 claims will not result
       in any material liability to the Partnership.




                                       11

<PAGE>   14

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

                                  JUNE 30, 2000


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 mortgage notes payable are insured by HUD and
       are collateralized by the rental properties. The notes payable 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 mortgage note payable and the notes payable and related
       accrued interest. The carrying amount of other assets and liabilities
       reported on the balance sheets that require such disclosure approximates
       fair value due to their short-term maturity.


                                       12

<PAGE>   15



                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                                  JUNE 30, 2000


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 distributions to
       investors in June 30, 2000, 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>   16



                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                                  JUNE 30, 2000


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 was generally the case under existing HAP
       Contracts. The payments under the renewed HAP Contracts are not expected
       to 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.

       On September 11, 1998, HUD issued interim regulations implementing MAHRAA
       and final regulations are expected to be issued in 2000.






                                       14

<PAGE>   17

                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                                  JUNE 30, 2000


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 $1,293,688 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>   18



                        REAL ESTATE ASSOCIATES LIMITED VI
                       (A CALIFORNIA LIMITED PARTNERSHIP)

                                  JUNE 30, 2000


PART II.  OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

       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 managing general partner of such NAPICO managed partnerships and the
       other defendants believe that the plaintiffs' claims are without merit
       and are contesting the actions vigorously.

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

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
              June 30, 2000.


                                       16

<PAGE>   19


                        REAL ESTATE ASSOCIATES LIMITED VI
                             (A LIMITED PARTNERSHIP)

                                  JUNE 30, 2000


                                   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:      August 21, 2000
                                       ----------------------------------------



                                        /s/ PAUL PATIERNO
                                       ----------------------------------------
                                       Paul Patierno
                                       Chief Financial Officer



                                 Date:      August 21, 2000
                                       ----------------------------------------




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