SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   SCHEDULE TO

               TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                            (NAME OF SUBJECT COMPANY)

                     URBAN IMPROVEMENT FUND LIMITED 1973 II

                        A CALIFORNIA LIMITED PARTNERSHIP

                             AT $125.00 NET PER UNIT

                                       BY

               EQUITY RESOURCE LEXINGTON FUND LIMITED PARTNERSHIP,
                       A MASSACHUSETTS LIMITED PARTNERSHIP

                          EQUITY RESOURCES GROUP, INC.
                               EGGERT DAGBJARTSSON

                            LIMITED PARTNERSHIP UNITS

                  Eggert Dagbjartsson, Executive Vice President
                          Equity Resources Group, Inc.
                                 14 Story Street
                               Cambridge, MA 02138
                                 (617) 876-4800

                            CALCULATION OF FILING FEE


                                                                              
============================================================================================================

                         TRANSACTION VALUATION*                                  AMOUNT OF FILING FEE
                                $283,375                                                 $5.67
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*        FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS CALCULATION
         ASSUMES THE PURCHASE OF 2,267 UNITS AT A PURCHASE PRICE OF $125.00 PER
         UNIT IN THE PARTNERSHIP.

[ ]      CHECK BOX IF ANY PART OF THE FEE IS OFFSET AS PROVIDED BY RULE
         0-11(a)(2) AND IDENTIFY THE FILING WITH WHICH THE OFFSETTING FEE WAS
         PREVIOUSLY PAID. IDENTIFY THE PREVIOUS FILING BY REGISTRATION STATEMENT
         NUMBER, OR THE FORM OR SCHEDULE AND THE DATE OF ITS FILING.

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         AMOUNT PREVIOUSLY PAID:    NOT APPLICABLE                         FILING PARTY: NOT APPLICABLE
         FORM OF REGISTRATION NO.:  NOT APPLICABLE                         DATE FILED:   NOT APPLICABLE

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=============================================================================================================



                                  TENDER OFFER

         This Tender Offer Statement on Schedule TO (the "Schedule TO") relates
to an offer by Equity Resource Lexington Fund, Limited Partnership, a
Massachusetts limited partnership, Eggert Dagbjartsson, its general partner and
Equity Resources Group, Inc., its manager (collectively the "Purchaser") to
purchase 2,267 units (the "Units") of limited partnership interests in Urban
Improvwmwnt Fund Limited 1973 II, a California limited partnership (the
"Partnership"), at $125.00 for each Unit, net to the seller in cash, without
interest, less the amount of any distributions declared or paid from any source
by the Partnership with respect to the Units after May 29, 2001 (without regard
to the record date), upon the terms and subject to the conditions set forth in
the Offer to Purchase (the "Offer to Purchase") and in the related Agreement of
Sale, copies of which are attached hereto as Exhibits (a)(l) and (a)(3) (which
are herein collectively referred to as the "Offer"). The information in the
Offer to Purchase, including all schedules and annexes thereto, is hereby
expressly incorporated herein by reference in response to all the items of this
Statement, except as otherwise set forth below.

ITEM 12.          EXHIBITS

            (a)(1)    Offer to Purchase, dated May 29, 2001;
            (a)(2)    Transmittal letter, dated May 29, 2001
            (a)(3)    Agreement of Sale
            (a)(4)    Summary Advertisement
            (b)       Not applicable
            (c)       Not applicable
            (d)       Not applicable
            (e)       Not applicable
            (f)       Not applicable
            (g)       Not applicable
            (h)       Not applicable


                                    SIGNATURE

            After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:  May 29, 2001         Equity Resource Lexington Fund Limited Partnership,
                             a Massachusetts limited partnership

                             By:  /S/    EGGERT DAGBJARTSSON
                                         -----------------------------------
                                         Eggert Dagbjartsson
                                         General Partner

                             Equity Resources Group, Inc.
                             A Massachusetts Corporation

                             By:  /S/    EGGERT DAGBJARTSSON
                                         -----------------------------------
                                         Eggert Dagbjartsson
                                         Executive Vice President

                             Eggert Dagbjartsson

                             By:  /S/    EGGERT DAGBJARTSSON
                                         -----------------------------------
                                         Eggert Dagbjartsson


                                  EXHIBIT INDEX



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                                                                     SEQUENTIAL
EXHIBIT NO.                            DESCRIPTION                  PAGE NUMBER
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(a)(1) -            Offer to Purchase, dated May 29, 2001.              4-28
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(a)(2) -            Transmittal letter, dated May 29, 2001               29
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(a)(3) -            Agreement of Sale                                  30-33
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(a)(4)              Summary Advertisement                                34
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(b) -               Not applicable.
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(c) -               Not applicable.
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(d) -               Not applicable.
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(e) -               Not applicable.
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(f) -               Not applicable.
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(g)                 Not applicable
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(h)                 Not applicable.
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