Exhibit (a)(3)





April 9, 2007

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 9,838 Units of
limited partnership interest (the "Units") in CONSOLIDATED CAPITAL GROWTH FUND
(the "Partnership") at a purchase price equal to:

                                  $90 per Unit
                                  ------------

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 or partnership transfer fees.
Reasons you may wish to sell your Units include:

     o    NO DISTRIBUTIONS.  No distributions  were paid in 2005 or 2006 and the
          Partnership has stated "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
          2007 or subsequent periods."

     o    UNCERTAINTY  OF  PARTNERSHIP  TERMINATION  PRIOR  TO 2022.  Our  offer
          provides you with the  opportunity  to receive a guaranteed  amount of
          money in a specified  time  period.  The general  partner has given no
          indication  when the partnership  will liquidate,  and the term of the
          Partnership  extends through December 31, 2022.  Therefore,  investors
          may not see liquidity for some time.

     o    ILLIQUIDITY OF UNITS. The relative  illiquidity of the Units resulting
          from the absence of a formal trading market makes the Units  difficult
          to sell.

     o    NO FUTURE IRS FILING REQUIREMENTS. The tax year in which you sell your
          Units will be the final year for which you will be obligated to file a
          K-1 for the  Partnership  with your tax return.  This may  represent a
          reduction in costs  associated  with filing  complicated  tax returns.
          Your  decision to sell may have other  favorable  or  unfavorable  tax
          consequences and potential sellers should consult their individual tax
          advisers.

     o    ELIMINATION  OF RETIREMENT  ACCOUNT FEES. If you sell your Units,  you
          may avoid  incurring  fees for having this  investment  in your IRA or
          retirement account. Because many custodians have transfer restrictions
          against  limited  partnership  units  or  charge  additional  fees for
          holding this type of asset,  many investors are faced with the task of
          searching for a way to avoid these fees. Once our cash payment is sent
          directly to your retirement account,  you are free to consolidate your
          retirement  accounts or transfer the funds to a custodian  that offers
          lower fees.

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 pink 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 Depositary at
800-854-8357.

This Offer expires (unless extended) May 10, 2007.