SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            SCHEDULE 14A INFORMATION


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 .......................Century HillCreste Apartment Investors, L.P..............
                (Name of registrant as specified in its charter)

 ................................................................................
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749746.1





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                  CENTURY HILLCRESTE APARTMENT INVESTORS, L.P.
                             9090 Wilshire Boulevard
                         Beverly Hills, California 90211

                                 August 21, 1998

                             PROMPT ACTION REQUESTED

      NOTICE OF EXTENSION OF THE SOLICITATION PERIOD TO SEPTEMBER 11, 1998

Dear Unitholder:

National Partnership Investments Corp., a California  corporation,  the managing
general  partner  of  Century   HillCreste   Apartment   Investors,   L.P.  (the
"Partnership"),  has  previously  sent you material  describing and seeking your
consent  to, (i) a proposed  sale (the  "Sale")  of the  Partnership's  315-unit
rental  apartment  complex  located  in  West  Los  Angeles,  California  (  the
"Property") to a real estate  investment trust (or its designated  affiliate) to
be organized by Casden Properties, a California general partnership; and (ii) an
amendment to the  Partnership's  Agreement of Limited  Partnership  necessary to
permit such sale. The Solicitation Period, which originally was to expire August
21,  1998,  has been  extended  until  September  11,  1998 in order to  provide
sufficient time to allow more Unitholders to vote.

YOUR VOTE IS IMPORTANT.  BECAUSE  APPROVAL OF THE SALE REQUIRES THE  AFFIRMATIVE
VOTE OF A  MAJORITY-IN-INTEREST  OF THE OUTSTANDING  DEPOSITORY UNITS OF LIMITED
PARTNERSHIP  INTEREST,  FAILURE  TO VOTE  WILL  HAVE THE SAME  EFFECT  AS A VOTE
AGAINST THE SALE.

To be sure your vote is  represented,  please sign, date and return the enclosed
consent as promptly as  possible.  The proposed  Sale is fully  described in the
previously provided Consent Solicitation  Statement.  Return your signed consent
form either by  facsimile  to  303-705-6171  or in the  enclosed  envelope on or
before September 11, 1998.

In evaluating the proposed Sale, the Unitholders should note that:

     o   Based upon a purchase price for the Property of  $58,500,000,  which is
         payable in cash, it is  anticipated  that the  Partnership  will make a
         distribution  out of the proceeds of the Sale and the available cash of
         the  Partnership  of  approximately  $8.46 per depository  unit,  which
         amount is  anticipated  to be  sufficient  to pay any federal and state
         income  taxes  that  would  be  due  in   connection   with  the  Sale.
         (Unitholders  are urged to review the tax assumptions  described in the
         Consent Solicitation Statement and to consult their tax advisors.)

     o   One of the Partnership's  original investment objectives was to dispose
         of the  Property  within  five to  eleven  years  after  completion  of
         construction.  The  Sale  would  allow  the  Partnership  to meet  this
         objective.


749746.1




     o   The proposed purchase price offered of $58,500,000 is approximately 16%
         higher than the appraised  value of the Property and equals the highest
         offer received from a third party for the Property. The appraised value
         of the Property as of March 31, 1998, as  determined by an  independent
         real estate appraiser, is $50,400,000.


The closing of the Sale is subject to the approval of a majority-in-interest  of
the Unitholders of the Partnership.  If the Unitholders do not approve the Sale,
the Partnership will most likely retain  ownership of the Property.  Unitholders
must separately approve the proposed Sale and the proposed amendment in order to
allow consummation of the Sale.

If you have any questions, or if you would like to request an additional copy of
the Consent Solicitation Statement,  please do not hesitate to contact MacKenzie
Partners,   the  Partnership's   consent   solicitation   agent,  toll  free  at
800-322-2885 or collect at 212-929-5500.

                           Very truly yours,


                           National Partnership Investments Corp.


749746.1