UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 8-K


                                 CURRENT REPORT


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

       Date of Report (Date of earliest event reported) August 15, 2005

                      CONSOLIDATED CAPITAL PROPERTIES IV
            (Exact name of Registrant as specified in its charter)


       California                0-11002                94-2768742
(State or other jurisdiction   (Commission           (I.R.S. Employer
   of incorporation)           File Number)       Identification Number)

                                55 Beattie Place
                              Post Office Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)


                                 (864) 239-1000
                           (Issuer's telephone number)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:

[ ]   Written  communications  pursuant to Rule 425 under the  Securities  Act
      (17 CFR 230.425)

[ ]   Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)

[ ]   Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
      Exchange Act (17 CFR 240.13e-4(c))








Item 4.02 Non-Reliance on Previously Issued Financial  Statements or a Related
Audit Report or Completed Interim Review.

(a) Consolidated  Capital Properties IV (the  "Partnership") has determined that
there are errors in its  financial  statements  for the year ended  December 31,
2004 and for the  three  months  ended  March 31,  2005 and that such  financial
statements  should no longer be relied upon.  Specifically,  the Partnership has
determined  that its accounting for  capitalized  interest was not in accordance
with generally accepted accounting principles.

As a result of the Partnership's determination, the Partnership will restate its
financial  statements  for the year ended  December  31,  2004 and for the three
months ended March 31, 2005 and will include such restated financial  statements
in an amended  report on Form 10-K for the year ended  December  31, 2004 and an
amended  report on Form 10-Q for the three  months  ended  March 31,  2005.  The
Partnership intends to file its amended financial statements by August 19, 2005.

The certifying  officers of the  Partnership's  general partner have reevaluated
the adequacy of the Partnership's disclosure controls and procedures in light of
the material error that was discovered.  Based on such evaluation, the principal
executive  officer and  principal  officer of the general  partner,  who are the
equivalent of the  Partnership's  chief  executive  officer and chief  financial
officer,  respectively,  have concluded that that, as of the end of such periods
noted above, the Partnership's disclosure controls were not effective due to the
Partnership's failure to properly record capitalized interest costs.

Authorized officers of the Partnership's general partner have discussed with the
Partnership's independent accountant the matters disclosed herein.








                                    SIGNATURE


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 hereunto duly authorized.



                              CONSOLIDATED CAPITAL PROPERTIES IV


                              By:   ConCap Equities, Inc.
                                    General Partner


                              By:   /s/Stephen B. Waters
                                    Stephen B. Waters
                                    Vice President



                              Date: August 15, 2005