Exhibit (a)(3)







April 7, 2006


TO:                  UNIT HOLDERS OF CONSOLIDATED CAPITAL GROWTH FUND

SUBJECT:             OFFER TO PURCHASE UNITS

Dear Unit Holder:

As described in the enclosed Offer to Purchase and related Letters of
Transmittal (the "Offer") the Purchasers named in the attached Offer
(collectively the "Purchasers") are offering to purchase up to 12,300 Units of
limited partnership interest (the "Units") in CONSOLIDATED CAPITAL GROWTH FUND
(the "Partnership") at a purchase price equal to:

                                  $75 per Unit
                                  ------------

You may wish to consider the following information when making your decision
whether to tender your Units:

o        The Partnership has decided to extend the term of the Partnership by
         15 years!

o        The Partnership has paid no distributions for over 2 YEARS, and has
         indicated that distributions are unlikely in the near future, stating
         that "there can be no assurance that the Partnership will generate
         sufficient funds from operations, after required capital expenditures,
         to permit any distributions to its partners in the year 2006 or
         subsequent periods." (Form 10-K for the period ending December 31,
         2005) (emphasis added).

o        You are unlikely to have any other liquidity options anytime in the
         next three years (outside tender offers or private sales). Affiliates
         of the General Partner own over 65% of the Units, and thus control the
         direction of the Partnership.

o        You can avoid proration, selling your Shares only if we purchase all of
         them by checking the "All or None" box on the Letter of Transmittal.

o        The Offer will provide you with an opportunity to liquidate all, or a
         portion of, your investment in CONSOLIDATED CAPITAL GROWTH FUND without
         the usual transaction costs associated with market sales.

After carefully reading the enclosed Offer, if you elect to tender your Units,
mail (using the enclosed pre-addressed, postage paid envelope) or fax (then
mail) a duly completed and executed copy of the Letter of Transmittal (printed
on yellow paper) and change of address forms, and any other documents required
by the Letter of Transmittal, to the Depositary for the Offer at:

                         MacKenzie Patterson Fuller, LP
                               1640 School Street
                            Moraga, California 94556
                            Facsimile: (925) 631-9119

If you have any questions or need assistance, please call the Depository at
800-854-8357.

This Offer expires (unless extended) May 22, 2006.