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<BODY><P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549</B> </FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>FORM 8-K </B></FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>CURRENT REPORT </B></FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>Date of Report (Date of earliest event reported): October 5, 2005 </B></FONT></P>

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<TD align=center><FONT face="Times New Roman, Times, Serif" size=2><B>OWENS MORTGAGE INVESTMENT FUND,<BR><U>a California Limited Partnership</U></B> </FONT></TD></TR>
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<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>(Exact name of registrant as specified in its charter) </FONT></TD></TR>
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<TD align=center width=200><FONT face="Times New Roman, Times, Serif" size=2><B><U>California </U></B></FONT></TD>
<TD width=200><FONT face="Times New Roman, Times, Serif" size=2><B><U></U></B></FONT></TD>
<TD align=center width=200><FONT face="Times New Roman, Times, Serif" size=2><B>000-17248 </B></FONT></TD>
<TD width=200><FONT face="Times New Roman, Times, Serif" size=2><B></B></FONT></TD>
<TD align=center width=200><FONT face="Times New Roman, Times, Serif" size=2><B><U>68-0023931</U></B> </FONT></TD></TR>
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<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>(State or other jurisdiction<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of incorporation) </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>(Commission <BR>File Number) </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;(IRS Employer<BR>Identification No.) </FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2><B>2221 Olympic Boulevard<BR><U>Walnut Creek, California</U> </B></FONT></TD>
<TD align=right><FONT face="Times New Roman, Times, Serif" size=2><BR><B><U>94595</U></B> </FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2>(Address of principal executive offices) </FONT></TD>
<TD align=right><FONT face="Times New Roman, Times, Serif" size=2>(Zip Code) </FONT></TD></TR>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>Registrant&#146;s telephone number, including area code: <B><U>(925) 935-3840</U></B> </FONT></P>

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<TD align=center><FONT face="Times New Roman, Times, Serif" size=2><B><U>Not Applicable</U></B></FONT></TD></TR>
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<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>(Former name or former address, if changed since last report.) </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>[ ] Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>[ ] Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>[ ] Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B><U>TABLE OF CONTENTS</U></B> </FONT></P>

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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><U>Item 1.01 Entry into a Material Definitive Agreement<BR>Item 9.01 Financial Statements and Exhibits Signature<BR>Exhibit 10.1 Second Amendment to Purchase and Sale Agreement and Escrow Instructions</U> </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><B>Section 1 &#150; Registrant&#146;s Business and Operations</B> </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><B><I>Item 1.01 Entry into a Material Definitive Agreement</I></B> </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On June 10, 2005, as amended on August 9, 2005, the Partnership entered into a Purchase and Sale Agreement and Escrow Instructions (Agreement), as Seller of a property owned by it in San Jose, California (the Property), with Venture Development Corporation, an unrelated California corporation, as Buyer. On October 3, 2005, a Second Amendment to the Purchase and Sale Agreement and Escrow Instructions (2nd Amendment) was entered into between the Partnership and the Buyer. The 2nd Amendment extended the expiration date of the feasibility period from September 8, 2005 to October 19, 2005 and the escrow closing date to January 9, 2006. </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><B>Section 9 &#150; Financial Statements and Exhibits </B></FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2><B>&nbsp; </B></FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><B><I>Item 9.01 Financial Statements and Exhibits</I> </B></FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2><B>&nbsp; </B></FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2><B>(c) Exhibits</B> </FONT></TD></TR>
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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>10.1 Second Amendment to Purchase and Sale Agreement and Escrow Instructions </FONT></TD></TR>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>SIGNATURES </B></FONT></P>

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<TD width=50><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width=800><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. </FONT></TD></TR>
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<TD width=350><FONT face="Times New Roman, Times, Serif" size=2>OWENS MORTGAGE INVESTMENT FUND,<BR>a California Limited Partnership<BR><BR>By: Owens Financial Group, Inc., General Partner<BR></FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2><BR><BR>Dated: October 5, 2005 </FONT></TD>
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<TD><FONT face="Times New Roman, Times, Serif" size=2><BR><BR>By: <U>/s/ Bryan H. Draper</U><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bryan H. Draper, Chief Financial Officer </FONT></TD></TR>
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{"company-data": {"conformed-name": "OWENS MORTGAGE INVESTMENT FUND A CALIF LTD PARTNERSHIP", "cik": "0000841501", "assigned-sic": "6162", "irs-number": "680023931", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17248", "film-number": "051124178"}, "business-address": {"street1": "2221 OLYMPIC BLVD", "street2": "P O BOX 2308", "city": "WALNUT CREEK", "state": "CA", "zip": "94595", "phone": "925-280-5393"}, "mail-address": {"street1": "2221 OLYMPIC BLVD", "street2": "P O BOX 2308", "city": "WALNUT CREEK", "state": "CA", "zip": "94595"}, "former-company": [{"former-conformed-name": "OWENS MORTGAGE INVESTMENT FUND", "date-changed": "19940902"}, {"former-conformed-name": "OWENS MORTGAGE INVESTMENT FUND II", "date-changed": "19920703"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 5, 2005
OWENS MORTGAGE INVESTMENT FUND,
a California Limited Partnership
(Exact name of registrant as specified in its charter)
California
000-17248
68-0023931
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
2221 Olympic Boulevard
Walnut Creek, California
94595
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(925) 935-3840
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement
Item 9.01 Financial Statements and Exhibits Signature
Exhibit 10.1 Second Amendment to Purchase and Sale Agreement and Escrow Instructions
Section 1 – Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On June 10, 2005, as amended on August 9, 2005, the Partnership entered into a Purchase and Sale Agreement and Escrow Instructions (Agreement), as Seller of a property owned by it in San Jose, California (the Property), with Venture Development Corporation, an unrelated California corporation, as Buyer. On October 3, 2005, a Second Amendment to the Purchase and Sale Agreement and Escrow Instructions (2nd Amendment) was entered into between the Partnership and the Buyer. The 2nd Amendment extended the expiration date of the feasibility period from September 8, 2005 to October 19, 2005 and the escrow closing date to January 9, 2006.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
10.1 Second Amendment to Purchase and Sale Agreement and Escrow Instructions
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
OWENS MORTGAGE INVESTMENT FUND,
a California Limited Partnership
By: Owens Financial Group, Inc., General Partner
Dated: October 5, 2005
By:
/s/ Bryan H. Draper
Bryan H. Draper, Chief Financial Officer