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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Wj+RKpXKVa4MjCIubkI1pP7VpaI5C7Zp2HNeq9nvfxUG8CELaJS35rrokAwpgyqQ
 imfxH1vNY+vS+48JiB48Cw==

<SEC-DOCUMENT>0001462637-09-000002.txt : 20090429
<SEC-HEADER>0001462637-09-000002.hdr.sgml : 20090429
<ACCEPTANCE-DATETIME>20090429090153
ACCESSION NUMBER:		0001462637-09-000002
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090429
DATE AS OF CHANGE:		20090429
EFFECTIVENESS DATE:		20090429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Properties Fund I LLC
		CENTRAL INDEX KEY:			0001462527
		IRS NUMBER:				300541691
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-130553
		FILM NUMBER:		09777438

	BUSINESS ADDRESS:	
		STREET 1:		14761 FRANKLIN AVENUE, SUITE 200
		CITY:			TUSTIN
		STATE:			CA
		ZIP:			92780
		BUSINESS PHONE:		877-327-2863

	MAIL ADDRESS:	
		STREET 1:		14761 FRANKLIN AVENUE, SUITE 200
		CITY:			TUSTIN
		STATE:			CA
		ZIP:			92780
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001462527</cik>
        <entityName>American Properties Fund I LLC</entityName>
        <issuerAddress>
            <street1>14761 FRANKLIN AVENUE, SUITE 200</street1>
            <street2></street2>
            <city>TUSTIN</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92780</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>877-327-2863</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>CA</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName></middleName>
                <lastName>Lam</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>922 Kealaolu Avenue</street1>
                <street2></street2>
                <city>Honolulu</city>
                <stateOrCountry>HI</stateOrCountry>
                <zipCode>96816</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brian</firstName>
                <middleName></middleName>
                <lastName>Laughlin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>14761 Franklin Avenue, Suite A</street1>
                <street2></street2>
                <city>Tustin</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92780</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Patrick</firstName>
                <middleName></middleName>
                <lastName>ONeill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>4224 Waialae Ave #305</street1>
                <street2></street2>
                <city>Honolulu</city>
                <stateOrCountry>HI</stateOrCountry>
                <zipCode>96816</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>REITS and Finance</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>15000000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>15000000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>3000000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>American Properties Fund I LLC</issuerName>
                <signatureName>Carl A. Lux</signatureName>
                <nameOfSigner>Carl A. Lux</nameOfSigner>
                <signatureTitle>Attorney-in-fact</signatureTitle>
                <signatureDate>2009-04-29</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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