FORM 8-K.--CURRENT REPORT
              (As last amended in Rel. No. 34-36968, eff. 8/13/92.)

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                                 WASHINGTON, DC
                                      20549



                                                              

                                    FORM 8-K
                                                              


                                 CURRENT REPORT

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

                        Date of Report: December 29, 1995


                        CONSOLIDATED CAPITAL PROPERTIES V
             (Exact name of registrant as specified in its charter)


             CALIFORNIA                0-13083               94-2918560
   (State or other jurisdiction of   (Commission          (I.R.S. Employer
   incorporation or organization)   File Number)           Identification
                                                               Number)


                          One Insignia Financial Plaza
                              Post Office Box 1089
                        Greenville, South Carolina  29602
                     (Address of Principal Executive Office)


        Registrant's telephone number, including area code (864) 239-1000


                                                               



Item 2.  Acquisition or Disposition of Assets

   On December 29, 1995, Consolidated Capital Properties V, a California limited
partnership (the "Partnership"), sold Fourth and Race Tower, located in
Cincinnati, Ohio to an unaffiliated party, West Fourth Associates, Ltd., an Ohio
limited liability company.  The property was sold in an effort to maximize the
Partnership's return on its investment.  Total cash paid for Fourth and Race
Tower was $1,050,000.

Item 7.  Financial Statements and Exhibits

(c)      Exhibits

  The Partnership has requested copies of the closing documents from the
purchaser for the sale of Fourth and Race Tower but has not received these
documents as of the date of this filing.  The Partnership will file an amended
8-K to include these Exhibits when they are received.

                                   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 hereunto duly authorized.


                                CONSOLIDATED CAPITAL PROPERTIES V

                                                               
                                    By:   ConCap Equities, Inc. 
                                          General Partner



                                    By:   /s/ Carroll D. Vinson 
                                          Carroll D. Vinson
                                          President 

                                    Date: January 16, 1996