Item 1.01 Entry into a Material Definitive Agreement.

Consolidated Capital Properties IV, LP, a Delaware limited partnership (the "Registrant"), owns a 100% interest in CCP IV Arbours of Hermitage, LLC, a Delaware limited liability company, (the "Company"). The Company owns Arbours of Hermitage Apartments ("Arbours of Hermitage"), a 350-unit apartment complex located in Hermitage, Tennessee. As previously discussed, on September 25, 2009, the Company and eight other entities (together the "Selling Entities")that collectively own nine apartment complexes containing an aggregate of 2,393 units entered into a Purchase and Sale Contract (the "Purchase Contract") with a third party, Standard Portfolios LLC, a Delaware limited liability company (the "Purchaser"), to sell nine apartment complexes (together the "Properties" and individually a "Property") owned by the Selling Entities to the Purchaser for a total sales price of $156,097,000, $17,119,000 of which will be allocated to Arbours of Hermitage. Each of the Selling Entities is affiliated with both the Company and the General Partner of the Registrant.

On October 28, 2009, the Company and the Purchaser entered into a First Amendment to the Purchase and Sale Contract (the "First Amendment") pursuant to which Arbours of Hermitage and three other properties were each removed as a property to be sold under the Purchase Contract. In connection with the removal of the four properties, a portion of the initial deposit of approximately $1,281,000, $274,000 of which was allocated to Arbours of Hermitage, was released to the Purchaser.

This summary of the terms and conditions of the First Amendment is qualified in its entirety by reference to the First Amendment, a copy of which is attached hereto as an exhibit.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.152 First Amendment to Purchase and Sale Contract between CCP IV Arbours of Hermitage, LLC, a Delaware limited liability company, and the affiliated Selling Entities and Standard Portfolios LLC, a Delaware limited liability company, dated October 28, 2009*