<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the financial statements of Consolidated Capital Institutional Properties/2 as filed in the Partnership's Quarterly Report on Form 10-Q for the quarter ended September 30, 1994 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> SEP-30-1994 <EXCHANGE-RATE> 1 <CASH> 1,314 <SECURITIES> 9,769 <RECEIVABLES> 91,838 <ALLOWANCES> (39,730) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 10,686 <DEPRECIATION> 2,339 <TOTAL-ASSETS> 71,985 <CURRENT-LIABILITIES> 310 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 71,675 <TOTAL-LIABILITY-AND-EQUITY> 71,985 <SALES> 0 <TOTAL-REVENUES> 2,686 <CGS> 0 <TOTAL-COSTS> 2,447 <OTHER-EXPENSES> (44) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 275 <INCOME-TAX> 0 <INCOME-CONTINUING> 275 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 275 <EPS-PRIMARY> .30 <EPS-DILUTED> 0