1

                                                                   EXHIBIT 99.4

                                          DE ANZA PROPERTIES - X 

                                          9171 Wilshire Boulevard
                                          Beverly Hills, California 90210
                                          National:  (800) 321-9638 (ext. 153)
                                          California: (800) 421-2991 (ext. 153)

 
(LOGO)
PROPERTIES - X
 
December 21, 1995
 
Dear Limited Partner:
 
     Before you make your final decision whether to tender your units, please
consider your options. You can continue your investment in a premium apartment
project that has consistently provided substantial cash distributions. Even the
Bidder believes that this property has a current value in excess of its offer.
 
     We are enclosing Amendment No. 2 to our previously filed Schedule 14D-9. We
urge you to read this Amendment. It focuses, among other things, on the risks of
a continuing investment in the Partnership, expands upon our reasons for
recommending against the offer and explains why the Partnership did not sell its
remaining property when it sold other properties.
 
     Please accept our very best wishes for the holiday season. We hope that
both you and the Partnership will have a prosperous new year.
 
                                          Sincerely,
 
                                          DE ANZA PROPERTIES - X
 
                                          By: De Anza Corporation
                                              Operating General Partner
 
 
                                              By: /s/  HERBERT M. GELFAND
                                                  ------------------------------
                                                       Herbert M. Gelfand
                                                     Chairman of the Board