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                                                                    EXHIBIT 23.4
    
 
   
                        CONSENT OF INDEPENDENT AUDITORS
    
 
   
     We consent to the reference to our firm under the captions "Selected
Financial Information" and "Experts" and to the use of our report dated March
20, 1998, with respect to the financial statements of Casa Del Mar Associates
Limited Partnership for the year ended December 31, 1997, in the Registration
Statement Form S-4 (No. 333-60355) of Apartment Investment and Management
Company and AIMCO Properties, L.P.
    
 
   
                                            /s/ ERNST & YOUNG LLP
    
 
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                                            ERNST & YOUNG LLP
    
 
   
Indianapolis, Indiana
    
   
September 14, 1998