SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)


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


For the quarterly period ended June 25, 1997


                                       OR


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



                         Commission File Number 0-14941


                              CAMBRIDGE ADVANTAGED
                        PROPERTIES II LIMITED PARTNERSHIP
             (Exact name of registrant as specified in its charter)



          Delaware                                               13-3330195   
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)


625 Madison Avenue, New York, New York                                  10022
(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code (212)421-5333


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

                                     PART I

Item 1.  Financial Statements

                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                           Consolidated Balance Sheets
                                   (Unaudited)

<TABLE>
<CAPTION>
                                               =============      =============
                                                  June 25,          March 25,
                                                    1997              1997
                                               -------------      -------------
<S>                                            <C>                <C>
ASSETS

Property and equipment - net of
   accumulated depreciation of
   $43,945,448 and $43,124,557,
   respectively                                $  76,944,003      $  77,764,894
Cash and cash equivalents                          1,303,486          1,225,369
Cash - restricted for tenants'
   security deposits                                 582,707            572,624
Mortgage escrow deposits                           1,972,144          1,895,569
Deferred costs, net of accumulated
   amortization of $892,704 and
   $841,465, respectively                          2,270,337          2,330,143
Prepaid expenses and other assets                    494,282            424,003
                                               -------------      -------------
   Total assets                                $  83,566,959      $  84,212,602
                                               =============      =============
LIABILITIES AND PARTNERS' DEFICIT

Liabilities
   Mortgage notes payable                      $  98,147,831      $  98,340,680
   Accounts payable, accrued
    expenses and other liabilities                 7,930,247          7,573,750
   Tenants' security deposits payable                582,707            572,624
   Due to general partners of
    subsidiaries and their affiliates              1,587,599          1,731,240
   Due to general partners and
    affiliates (Note 2)                            4,261,336          4,103,650
                                               -------------      -------------
   Total liabilities                             112,509,720        112,321,944
                                               -------------      -------------

Minority interest                                  5,041,457          5,111,554
                                               -------------      -------------

Commitments and contingencies
   (Note 4)
Partners' deficit:
   Limited partners                              (33,326,829)       (32,571,140)
   General partners                                 (657,389)          (649,756)
                                               -------------      -------------
   Total partners' deficit                       (33,984,218)       (33,220,896)
                                               -------------      -------------
   Total liabilities and partners'
    deficit                                    $  83,566,959      $  84,212,602
                                               =============      =============
</TABLE>

           See Accompanying Notes to Consolidated Financial Statements

                                       2
<PAGE>

     CAMBRIDGE ADVANTAGED PROPERTIES II LIMITED PARTNERSHIP AND SUBSIDIARIES
                      Consolidated Statements of Operations
                                   (Unaudited)

                                                  =============================
                                                      Three Months Ended
                                                            June 25,
                                                  -----------------------------
                                                     1997              1996*
                                                  -----------------------------
Revenues
   Rentals, net                                   $ 4,269,647       $ 4,403,430
   Other                                              189,190           332,214
                                                  -----------       -----------
   Total revenues                                   4,458,837         4,735,644
                                                  -----------       -----------
Expenses
   Administrative and
    management                                        740,565           877,913
   Administrative and management-
    related parties (Note 2)                          423,369           232,652
   Operating                                          354,005           358,807
   Repairs and maintenance                            524,837           895,970
   Taxes and insurance                                505,843           563,500
   Interest                                         1,867,562         2,298,911
   Depreciation and amortization                      872,130         1,014,864
                                                  -----------       -----------
   Total expenses                                   5,288,311         6,242,617
                                                  -----------       -----------
Loss before minority interest
   and extraordinary item                            (829,474)       (1,506,973)
Minority interest in loss of
   subsidiaries                                        11,152            12,843
                                                  -----------       -----------
Loss before extraordinary item                       (818,322)       (1,494,130)
Extraordinary item- forgiveness
   of indebtedness income (Note 3)                     55,000                 0
                                                  -----------       -----------
Net loss                                          $  (763,322)      $(1,494,130)
                                                  ===========       =========== 




*    Reclassified for comparative purposes

     See Accompanying Notes to Consolidated Financial Statements

                                       3

<PAGE>



     CAMBRIDGE ADVANTAGED PROPERTIES II LIMITED PARTNERSHIP AND SUBSIDIARIES
             Consolidated Statement of Changes in Partners' Deficit
                                   (Unaudited)



                             ==================================================
                                                   Limited             General
                                  Total            Partners            Partners
                             --------------------------------------------------
Balance-
 March 26, 1997              $(33,220,896)      $(32,571,140)      $   (649,756)

Net income-three
 months ended
 June 25, 1997                   (763,322)          (755,689)            (7,633)
                                 --------           --------             ------ 
Balance-
 June 25, 1997               $(33,984,218)      $(33,326,829)      $   (657,389)
                             ============       ============       ============ 




     See Accompanying Notes to Consolidated Financial Statements

                                       4

<PAGE>



                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                      Increase in Cash and Cash Equivalents
                                   (Unaudited)

                                                   ============================
                                                         Three Months Ended
                                                              June 25,
                                                   ---------------------------- 
                                                        1997             1996
                                                   ---------------------------- 
Cash flows from operating activities:
Net loss                                           $  (763,322)     $(1,494,130)
                                                   -----------      ----------- 

Adjustments to reconcile net loss to
   net cash provided by
   operating activities:

   Extraordinary item-forgiveness of
    indebtedness (Note 3)                              (55,000)               0
   Depreciation and amortization                       872,130        1,014,864
   Minority interest in loss of
    subsidiaries                                       (11,152)         (12,843)
   Increase in cash-restricted
    for tenants' security deposits                     (10,083)         (10,466)
   Increase in mortgage
    escrow deposits                                    (76,575)        (834,646)
   (Increase) decrease in prepaid
    expenses and other assets                          (70,279)          93,681
   Increase in accounts payable,
    accrued expenses and other
    liabilities                                        356,497        1,442,006
   Increase in tenants'
    security deposits payable                           10,083           16,801
   Increase in due to general
    partners of subsidiaries and their
    affiliates                                               0            4,146
   Decrease in due to general partners
    of subsidiaries and their affiliates              (143,641)               0
   Increase in due to general partners
    and affiliates                                     212,686           38,984
                                                   -----------      ----------- 
   Total adjustments                                 1,084,666        1,752,527
                                                   -----------      ----------- 
   Net cash provided by operating
    activities                                         321,344          258,397
                                                   -----------      ----------- 


     See Accompanying Notes to Consolidated Financial Statements

                                        5

<PAGE>



                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                      Increase in Cash and Cash Equivalents
                                   (continued)
                                   (Unaudited)


                                                   ============================
                                                          Three Months Ended
                                                               June 25,
                                                         1997            1996
                                                   ----------------------------
Net cash from operating activites
   brought forward                                     321,344          258,397
                                                   -----------      -----------
Cash flows from financing activities:

   Principal payments of mortgage
    notes payable                                     (192,849)        (164,965)
   Decrease in capitalization of
    consolidated subsidiaries
    attributable to minority interest                  (58,945)               0
   Decrease (increase) in deferred
    costs                                                8,567          (91,748)
                                                   -----------      -----------
   Net cash used in financing
    activities                                        (243,227)        (256,713)
                                                   -----------      -----------
Net increase in cash and
   cash equivalents                                     78,117            1,684

Cash and cash equivalents-
   beginning of period                               1,225,369        1,022,522
                                                   -----------      -----------
Cash and cash equivalents-
   end of period                                   $ 1,303,486      $ 1,024,206
                                                   ===========      ===========
 
Supplemental disclosure of noncash 
   financing activities:

Forgiveness of Indebtedness (Note 3):

   Decrease in due to general
    partners and affiliates                            (55,000)               0




           See Accompanying Notes to Consolidated Financial Statements

                                        6

<PAGE>



                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  June 25, 1997
                                   (Unaudited)


Note 1 - General

The consolidated  financial  statements for the three months ended June 25, 1997
and 1996  include the  accounts of Cambridge  Advantaged  Properties  II Limited
Partnership, (the "Partnership"),  and eleven and twelve subsidiary partnerships
("subsidiaries",    "subsidiary    partnerships"   or   "Local   Partnerships"),
respectively.  The Partnership is a limited partner,  with an ownership interest
of 98% in  each  of the  subsidiary  partnerships.  Through  the  rights  of the
Partnership  and/or a General  Partner,  which General Partner has a contractual
obligation to act on behalf of the Partnership, to remove the general partner of
the subsidiary  local  partnerships  and to approve  certain major operating and
financial decisions, the Partnership has a controlling financial interest in the
subsidiary local partnerships.

The  Partnership's  fiscal  quarter ends June 25. All  subsidiaries  have fiscal
quarters  ending March 31.  Accounts of the  subsidiary  partnerships  have been
adjusted for intercompany transactions from April 1 through June 25.

All   intercompany   accounts  and   transactions   have  been   eliminated   in
consolidation.

Increases  (decreases)  in  the  capitalization  of  consolidated   subsidiaries
attributable to minority  interest arise from cash  contributions  from and cash
distributions to the minority interest partners.

Losses  attributable to minority interests which exceed the minority  interests'
investment  in a subsidiary  have been charged to the  Partnership.  Such losses
aggregated  approximately  $200 and $16,100 for the three  months ended June 25,
1997 and 1996, respectively.  The Partnership's investment in each subsidiary is
equal to the respective  subsidiary's  partners'  equity less minority  interest
capital, if any.

The unaudited  financial  statements have been prepared on the same basis as the
audited financial  statements  included in the  Partnership's  Form 10-K for the
year  ended  March  25,  1997.  In the  opinion  of the  general  partners,  the
accompanying unaudited financial statements contain all adjustments  (consisting
only of normal recurring  adjustments) necessary to present fairly the financial
position of the  Partnership  as of June 25, 1997 and the results of  operations
and cash flows for the three months ended June 25, 1997 and 1996,  respectively.
However,  the operating

                                        7

<PAGE>



                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  June 25, 1997
                                   (Unaudited)


Note 1 - General (continued)

results for the three  months ended June 25, 1997 may not be  indicative  of the
results for the year.

Certain  information  and  note  disclosures   normally  included  in  financial
statements prepared in accordance with generally accepted accounting  principles
have been omitted. It is suggested that these consolidated  financial statements
should be read in  conjunction  with the financial  statements and notes thereto
included in the Partnership's March 25, 1997 Annual Report on Form 10-K.

As of June 25, 1997, several subsidiary  partnerships are experiencing financial
difficulties.  There is substantial  doubt about the ability of the  Partnership
and  some  of  the  subsidiary  partnerships  to  continue  as  going  concerns.
Recoverability of a significant  portion of the  Partnership's  investments will
depend upon material improvements in the ability of each subsidiary  partnership
to  meet  its  debt  service  obligations.   In  addition,  the  level  of  cash
distributions  provided to the Partnership by the subsidiary  partnerships  have
not been  sufficient,  and may not be  sufficient  in the  future,  to cover the
Partnership's operating expenses. As a result, the Partnership has required, and
may in the future  require,  funding from other sources for such  purposes.  The
consolidated  financial  statements  do not include any  adjustments  that might
result from the outcome of these uncertainties. See Note 4 and the Partnership's
March 25, 1997 Annual Report on Form 10-K for management's intentions.

Note 2 - Related Party Transactions

One of the general partners of the Partnership, Related and Cambridge Associates
Limited Partnership ("Related and Cambridge Associates"), has a 1% interest as a
special limited partner in each of the subsidiary partnerships.

Whitney  Management  Corp., an affiliate of the Related General Partner,  is the
general partner of one and managing agent of four properties.

Pursuant to a Completion Guarantee,  which was eliminated in connection with the
refinancing  of the  mortgage  debt of  Suncreek  on April 15,  1996,  the local
general  partner  of  Suncreek  funded  operating  deficits  in the  amounts  of
approximately  $0 and $76,000 for the three months ended June 25, 1997 and 1996,
respectively.

                                        8

<PAGE>



                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  June 25, 1997
                                   (Unaudited)


Note 2 - Related Party Transaction (continued)

The costs  incurred to related  parties for the three months ended June 25, 1997
and 1996 were as follows:

                                                         Three Months Ended
                                                               June 25,
                                                     ---------------------------
                                                       1997               1996
                                                     ---------------------------
Partnership
 management
 fees (a)                                            $191,250           $ 15,000
Expense reimburse-
 ment (b)                                              31,036             19,379
Property manage-
 ment fees (c)                                        198,083            195,273
Local adminis-
 trative fee (d)                                        3,000              3,000
                                                     --------           --------
                                                     $423,369           $232,652
                                                     ========           ========


(a) After all other expenses of the Partnership are paid, an annual  partnership
management fee of up to .5% of invested  assets is payable to the  Partnership's
general partners and affiliates.  Partnership  management fees have been charged
to operations and are included in administrative and management-related  parties
expenses.  Partnership management fees owed to the general partners amounting to
approximately  $1,414,000 and $1,222,000  were accrued and unpaid as of June 25,
1997 and March 25, 1997, respectively.

(b) An  affiliate  of the Related  General  Partner  performs  services  for the
Partnership  which  include,  but are not limited to:  accounting  and financing
management,  registrar,  transfer and assignment  functions,  asset  management,
investor communications,  printing and other administrative services. The amount
of  reimbursement  from the  Partnership  is  limited by the  provisions  of the
Partnership Agreement. Another affiliate of the Related General Partner performs
asset  monitoring for the  Partnership.  These services  include site visits and
evaluations of the subsidiary partnerships' performance.  Expense reimbursements
and asset  monitoring  fees owed to the Related  General  Partner  amounting  to
approximately  $489,000 and $458,000 were accrued and unpaid as of June 25, 1997
and March 25, 1997, respectively.

(c)  Property  management  fees  paid by  subsidiary  partnerships  amounted  to
$209,797  and  $214,960  for the  three  months  ended  June 25,  1997 and 1996,
respectively. Of these fees $106,399 and

                                        9

<PAGE>



                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  June 25, 1997
                                   (Unaudited)


Note 2 - Related Party Transaction (continued)

$107,315  were  incurred  to  affiliates  of  the  subsidiary  partnerships.  In
addition,  $140,261  and $141,383  were  incurred to  affiliates  of the Related
General  Partner  for the three  months  ended June 25,  1997 and 1996.  Of such
amounts  incurred to  affiliates  of the Related  General  Partner,  $48,577 and
$53,425 are also included in amounts  incurred to  affiliates of the  subsidiary
partners because they were incurred to affiliates of both.

(d)  Related  and  Cambridge  Associates,  a limited  partner of the  subsidiary
partnerships,  is entitled to receive a local administrative fee of up to $2,500
per year from each subsidiary partnership.

Note 3 - Extraordinary Item

On May 2, 1997, amounts due to the Related General Partner totaling $55,000 were
forgiven resulting in forgiveness of indebtedness income.

Note 4 - Commitments and Contingencies

The  following  disclosures  include  changes  and/or  additions to  disclosures
regarding the subsidiary  partnerships  which were included in the Partnership's
Annual Report on Form 10-K for the period ended March 25, 1997.

Galveston-Stewart's Landing, Ltd.

Galveston-Stewart's   Landing,   Ltd.   ("Galveston")  has  sustained  continued
operating  deficits  and  has  a  net  partners'   deficiency  of  approximately
$5,774,000 at June 25, 1997.  Galveston's  mortgage note was  originally  due to
HUD.  During 1995, HUD assigned and  transferred the mortgage note to Beal Bank.
On December  14, 1995,  Galveston  was  notified  that the mortgage  note was in
default and Galveston  was in arrears on required  principal and interest in the
amount of approximately  $427,000 and $2,359,000,  respectively.  Beal Bank then
commenced foreclosure proceedings. In order to stay such proceedings,  Galveston
filed a voluntary  petition  under  Chapter 11 of the United  States  Bankruptcy
Code.  Currently,  there  is a  contract  of sale of the  property  as part of a
settlement  plan  awaiting  confirmation  by the Court.  As of June 25, 1997 the
Partnership had advanced  $606,445 of interest-free  loans to Galveston of which
approximately  $549,000  remains  unpaid  at June 25,  1997.  The  Partnership's
investment  in Galveston  has been reduced to zero by prior years'  losses.  The
minority  interest  balance was zero at both June 25,  1997 and March 25,  1997.
Galveston's net loss after minority  interest  amounted to

                                       10

<PAGE>



                       CAMBRIDGE ADVANTAGED PROPERTIES II
                      LIMITED PARTNERSHIP AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                  June 25, 1997
                                   (Unaudited)
                                        


Note 4 - Commitments and Contingencies (continued)

approximately  $9,000 and $67,000 for the three  months  ended June 25, 1997 and
1996, respectively.



                                       11

<PAGE>



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

Liquidity and Capital Resources

The  Partnership's  primary  sources  of funds are the cash  distributions  from
operations  of the Local  Partnerships  in which the  Partnership  has invested.
These sources are available to meet obligations of the Partnership. However, the
cash  distributions  received from the Local  Partnerships to date have not been
sufficient to meet all such  obligations  of the  Partnership.  During the three
months ended June 25, 1997 and 1996 such distributions amounted to approximately
$150,000 and $0, respectively. Accordingly, the Related General Partner advanced
funds to meet the  Partnership's  third party  obligations with remaining unpaid
balances totaling  approximately  $1,996,000 and $2,067,000 at June 25, 1997 and
March  25,  1997,   respectively.   In   addition,   certain  fees  and  expense
reimbursements   owed  to  the  General  Partners   amounting  to  approximately
$1,903,000 and $1,680,000  were accrued and unpaid as of June 25, 1997 and March
25, 1997,  respectively.  Without the General  Partners'  advances and continued
accrual  without  payment  of  certain  fees  and  expense  reimbursements,  the
Partnership  will not be in a  position  to meet its  obligations.  The  General
Partners have continued  advancing and allowing the accrual  without  payment of
these amounts, but are under no obligation to do so.

During the three months ended June 25, 1997,  cash and cash  equivalents  of the
Partnership   and  its  eleven   consolidated   Local   Partnerships   increased
approximately  $78,000.  This increase was primarily  attributable  to cash flow
provided  by  operating  activities  ($321,000)  which  exceeded a  decrease  in
capitalization  of consolidated  subsidiaries  attributable to minority interest
($59,000) and principal payments of mortgage notes payable ($193,000). Cash flow
provided by operating activities included timing differences relating to payment
of certain expenses of the Local Partnerships including cash flow interest which
is included in accounts payable and accrued expenses at March 31, 1997. Included
in the  adjustments to reconcile the net loss to cash flow provided by operating
activities is forgiveness of indebtedness  income ($55,000) and depreciation and
amortization ($872,000).

For a discussion of contingencies affecting certain Local Partnerships, see Note
4 to the Financial  Statements.  Since the maximum loss the Partnership would be
liable for is its net  investment  in the  respective  Local  Partnerships,  the
resolution of the existing  contingencies  is not  anticipated  to impact future
results of operations, liquidity or financial condition in a material way.

                                       12

<PAGE>



Management is not aware of any trends or events,  commitments or  uncertainties,
which  have not  otherwise  been  disclosed,  that will or are  likely to impact
liquidity in a material way.  Management  believes the only impact would be from
laws  that  have not yet been  adopted.  The  portfolio  is  diversified  by the
location of the  properties  around the United States so that if one area of the
country is experiencing  downturns in the economy,  the remaining  properties in
the  portfolio  may  be   experiencing   upswings.   However,   the   geographic
diversification  of the portfolio may not protect against a general  downturn in
the national economy.

Results of Operations

Excluding McAdam,  which sold its property on May 31, 1996,  administrative  and
management-related  parties and forgiveness of indebtedness  income, the results
of operations of the  Partnership,  as well as the Local  Partnerships  remained
fairly  consistent  during the three  months  ended June 25, 1997 and 1996.  The
majority  of Local  Partnership  income  continues  to be in the form of  rental
income  with  the   corresponding   expenses  being  divided  among  operations,
depreciation and mortgage interest.

Rental  income  decreased  approximately  3% for the three months ended June 25,
1997 as compared to the corresponding period in 1996.  Excluding McAdam,  rental
income  increased  approximately 2% for the three months ended June 25, 1997, as
compared  to the  corresponding  period in 1996  primarily  due to  rental  rate
increases.

Other income  decreased  approximately  $143,000 for the three months ended June
25, 1997 as compared to the corresponding period in 1996. Excluding McAdam, such
income  decreased  approximately  $99,000  primarily due to a decrease in income
from the funding of the  Breakeven  Guarantee  by the Local  General  Partner of
Suncreek which was eliminated in connection with the refinancing of the mortgage
debt of Suncreek on April 15, 1996.

Total  expenses  excluding   administrative  and   management-related   parties,
operating and repairs and maintenance expenses remained fairly consistent with a
decrease  of  approximately  3% for the  three  months  ended  June 25,  1997 as
compared to 1996.

Administrative and management-related  parties increased  approximately $191,000
for the three months ended June 25, 1997 as compared to the corresponding period
in 1996 primarily due to an increase in partnership  management  fees payable to
the General Partners.

                                       13

<PAGE>



Operating  expenses  decreased  approximately  $5,000 for the three months ended
June 25, 1997 as compared to the corresponding period in 1996. Excluding McAdam,
such expenses increased  approximately $35,000 primarily due to a credit in 1996
resulting from billing errors relating to utilities  which partially  offset the
expense at  Triangle/Oaks as well as small increases in utilities at Apple Creek
and Sheridan Square.

Repairs and maintenance expenses decreased  approximately $371,000 for the three
months  ended June 25,  1997 as compared  to the  corresponding  period in 1996.
Excluding McAdam, such expenses decreased approximately $67,000 primarily due to
the  installation  of an  irrigation  system  and the  correction  of an erosion
problem caused by poor drainage at Woodridge, Ltd. in 1996.

Administrative and management  expenses,  taxes and insurance,  and depreciation
and  amortization  expense  decreased  approximately   $137,000,   $58,000,  and
$143,000,  respectively, for the three months ended June 25, 1997 as compared to
the corresponding period in 1996 primarily due to the sale of the property owned
by McAdam.  Excluding  McAdam,  such expenses remained fairly consistent with an
increase of approximately 3%, a decrease of approximately 3%, and an increase of
approximately  1%,  respectively.   Interest  expense  decreased   approximately
$431,000  for  the  three  months  ended  June  25,  1997  as  compared  to  the
corresponding  period  in 1996.  Excluding  McAdam  as well as  Suncreek,  which
refinanced  its mortgage debt on April 15, 1996,  such expense  remained  fairly
consistent with a decrease of approximately 5%.

Forgiveness  of  indebtedness  income in the  amount  of  $55,000,  relating  to
forgiveness  of amounts due to the Related  General  Partner on May 2, 1997, was
recorded for the three months ended June 25, 1997.

                                       14

<PAGE>



                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings

     Galveston-Stewart's  Landing,  Ltd.  ("Galveston") has sustained  continued
operating  deficits  and  has  a  net  partners'   deficiency  of  approximately
$5,774,000 at June 25, 1997.  Galveston's  mortgage note was  originally  due to
HUD.  During 1995, HUD assigned and  transferred the mortgage note to Beal Bank.
On December  14, 1995,  Galveston  was  notified  that the mortgage  note was in
default and Galveston  was in arrears on required  principal and interest in the
amount of approximately  $427,000 and $2,359,000,  respectively.  Beal Bank then
commenced foreclosure proceedings. In order to stay such proceedings,  Galveston
filed a voluntary  petition  under  Chapter 11 of the United  States  Bankruptcy
Code.  Currently,  there  is a  contract  of sale of the  property  as part of a
settlement plan awaiting confirmation by the Court.

Item 2. Changes in Securities - None

Item 3. Defaults Upon Senior Securities - None

Item 4. Submission of Matters to a Vote of Security Holders - None

Item 5. Other Information - None

Item 6. Exhibits and Reports on Form 8-K

     (a) Exhibits:

          27 Financial Data Schedule (filed herewith).

     (b) Reports on Form 8-K

          No reports on Form 8-K were filed during the quarter.

                                       15

<PAGE>



                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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.


                              CAMBRIDGE ADVANTAGED
                        PROPERTIES II LIMITED PARTNERSHIP
                                  (Registrant)


                              By:  RELATED ADVANTAGED RESIDENTIAL
                                   ASSOCIATES, INC., a General Partner

Date: August 8, 1997

                                   By:  /s/ Alan P. Hirmes
                                        ------------------
                                        Alan P. Hirmes,
                                        Vice President
                                        (principal financial officer)

Date: August 8, 1997

                                   By:  /s/ Richard A. Palermo
                                        ----------------------
                                        Richard A. Palermo,
                                        Treasurer
                                        (principal accounting officer)


                              By:  ADVANTAGED HOUSING ASSOCIATES,
                                   INC., a General Partner

Date: August 8, 1997

                                   By:  /s/ Paul L. Abbott
                                        ------------------
                                        Paul L. Abbott,
                                        President

                                       17