-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 TPM8G68znGsZREQ5HL/Zrl6dsVpmtsHSVSCvGzbIdZx9KkqwwcBlp4yjTjXISIqA
 Z7bvbB2YobCEABTuWNHtUQ==

<SEC-DOCUMENT>0001181431-03-012970.txt : 20030703
<SEC-HEADER>0001181431-03-012970.hdr.sgml : 20030703
<ACCEPTANCE-DATETIME>20030702201821
ACCESSION NUMBER:		0001181431-03-012970
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030701
FILED AS OF DATE:		20030703

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUBLIC STORAGE PROPERTIES LTD
		CENTRAL INDEX KEY:			0000202953
		STANDARD INDUSTRIAL CLASSIFICATION:	LESSORS OF REAL PROPERTY, NEC [6519]
		IRS NUMBER:				953196912
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		701 WESTERN AVE
		STREET 2:		SUITE 200
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91201-2397
		BUSINESS PHONE:		(818) 244-8080

	MAIL ADDRESS:	
		STREET 1:		701 WESTERN AVE
		STREET 2:		SUITE 200
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91201

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HUGHES B WAYNE ET AL
		CENTRAL INDEX KEY:			0000935808
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08667
		FILM NUMBER:		03773517

	BUSINESS ADDRESS:	
		STREET 1:		701 WESTERN AVE
		STREET 2:		SUITE 200
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91201-2397
		BUSINESS PHONE:		(818) 244-8080

	MAIL ADDRESS:	
		STREET 1:		701 WESTERN AVE
		STREET 2:		SUITE 200
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91201
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd12064.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-07-01</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000202953</issuerCik>
        <issuerName>PUBLIC STORAGE PROPERTIES LTD</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol></issuer>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0000935808</rptOwnerCik>
            <rptOwnerName>HUGHES B WAYNE ET AL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>1</isOther>
<officerTitle></officerTitle>
<otherText>Individual General Partner</otherText></reportingOwnerRelationship></reportingOwner>
<nonDerivativeSecurity>
<securityTitle>
<value>Units of limited partnership interest</value></securityTitle>
<transactionDate>
<value>2003-07-01</value></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>P</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>34</value></transactionShares>
<transactionValue>
<value>800</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>A</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>156</value>
<footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>I</value></directOrIndirectOwnership>
<natureOfOwnership>
<value>-</value>
<footnoteId id="F2"/></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<footnotes>
<footnote id="F1">Does not include 6,025 units owned by H-G Family Corporation, a corporation of which the Reporting Person&apos;s children are shareholders. H-G Family Corporation is the successor of B. Wayne Hughes Marina Corporation II as owner of units of Public Storage Properties, Ltd., a California limited partnership.</footnote>
<footnote id="F2">By PS Orangeco Partnerships, Inc., a corporation of which the Reporting Person is a shareholder. PS Orangeco Partnerships, Inc. is the successor of PS Orangeco, Inc. as owner of units of Public Storage Properties, Ltd., a California limited partnership. Does not include 539 units now reported as owned by Public Storage, Inc.</footnote></footnotes>
<ownerSignature>
<signatureName>/s/ David Goldberg (Attorney-in-Fact)</signatureName>
<signatureDate>2003-07-02</signatureDate></ownerSignature></ownershipDocument>


</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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