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<DIV style=margin-left:72pt;width:468pt><P style='font:10pt Times New Roman;line-height:4pt;margin-top:4pt;margin-bottom:0pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:18pt Times New Roman Bold;margin:0'><FONT style='font-family:Times New Roman'><B>UNITED STATES</B></FONT></P>
<P align=center style='font:18pt Times New Roman Bold;margin:0'><FONT style='font-family:Times New Roman'><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Washington, D.C. 20549</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>_______________</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:18pt Times New Roman;margin:0'><B>FORM 8-K</B></P>
<P style='font:18pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>CURRENT REPORT PURSUANT</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>TO SECTION 13 OR 15 (d) OF THE</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Date of report (Date of earliest event reported): June 2, 2017</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:22pt Times New Roman Bold;margin:0'><FONT style='font-family:Times New Roman'><B>REAL ESTATE ASSOCIATES LIMITED II</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(Exact name of registrant as specified in its charter)</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:156.55pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>California</B></FONT></P>
</TD><TD valign=top style=width:155.75pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>0-09782</B></FONT></P>
</TD><TD valign=top style=width:155.7pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>95-3547609</B></FONT></P>
</TD></TR>
<TR><TD valign=top style=width:156.55pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(State or Other Jurisdiction of</FONT></P>
</TD><TD valign=top style=width:155.75pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Commission File Number)</FONT></P>
</TD><TD valign=top style=width:155.7pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(I.R.S. Employer</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:156.55pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Incorporation)</FONT></P>
</TD><TD valign=top style=width:155.75pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:155.7pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Identification No.)</FONT></P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:468pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:468pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>P.O. Box 91274</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Los Angeles, California 90009</B></FONT></P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:468pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Address of Principal Executive Offices, including zip code)</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Registrant&#8217;s Telephone Number, Including Area Code: &nbsp;(720) 387-8135</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425) </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> &nbsp;Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;&#160;&#160;&#160;&#160;<FONT style='font:8pt Wingdings'>&#168;</FONT> &nbsp;Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
<HR style='border:0;height:0;margin:14pt 0 0 0'><HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style='font:10pt Times New Roman;margin:0'><A name=_Aci_Pg1 />&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;line-height:4pt;margin-top:4pt;margin-bottom:0pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;line-height:4pt;margin-top:4pt;margin-bottom:0pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt><B>Item 2.01</B></FONT></KBD><KBD style=letter-spacing:66pt>&nbsp;</KBD><FONT style=font-size:10pt><B>Completion of Acquisition or Disposition of Assets</B></FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Real Estate Associates Limited II, a California limited partnership (the &#8220;Registrant&#8221;), previously held a 99% limited partnership interest in Lakeside Apartments, an Indiana limited partnership (&#8220;Lakeside&#8221;).</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Lakeside owns a 48-unit apartment complex located in Mishawaka, Indiana. On March 28, 2017, the Registrant entered into an Assignment and Assumption Agreement (the &#8220;Agreement&#8221;) by and among the Registrant, as Assignor, East Lake Capital, LLC, an Indiana limited liability company, as Assignee (the &#8220;Assignee&#8221;), and Charles W. Parrott and PAB Holdings, LLC, an Indiana limited liability company, as general partners of Lakeside (collectively, the &#8220;General Partners&#8221;), relating to the assignment of the Lakeside limited partnership interests held by the Registrant to the Assignee for a total price of $200,000. The Registrant&#8217;s investment balance in Lakeside was zero at December 31, 2016.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Pursuant to the terms of the Agreement, on June 2, 2017, the Registrant transferred its limited partnership interest in Lakeside to the Assignee effective as of June 2, 2017 and received net proceeds of $200,000. The Registrant is currently evaluating its cash requirements to determine what portion, if any, of the proceeds received from this transaction will be available to distribute to its partners.</FONT></P>
<HR style='border:0;height:0;margin:14pt 0 0 0'><HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style='font:10pt Times New Roman;margin:0'><A name=_Aci_Pg2 />&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SIGNATURE</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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 hereunto duly authorized.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:252pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>REAL ESTATE ASSOCIATES LIMITED II</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt>By:</FONT></KBD><KBD style=letter-spacing:30pt>&nbsp;</KBD><FONT style=font-size:10pt>National Partnership Investments, LLC</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><KBD style=letter-spacing:30pt>&nbsp;</KBD><FONT style=font-size:10pt>Corporate General Partner</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><FONT style=font-size:10pt>By: &nbsp; &nbsp;&nbsp;&nbsp;/</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>s/ Joseph Dryden</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><FONT style=font-size:10pt> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joseph Dryden</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:212.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:301.5pt><P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><FONT style=font-size:10pt> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SVP of Finance/CFO</FONT></P>
<P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'><FONT style=font-size:10pt>DATED: &nbsp;June 7, 2017</FONT></P>
<P style='font:10pt Times New Roman;margin:0;margin-left:53.1pt'>&nbsp;</P>
</TD></TR>
</TABLE>
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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): June 2, 2017
REAL ESTATE ASSOCIATES LIMITED II
(Exact name of registrant as specified in its charter)
California
0-09782
95-3547609
(State or Other Jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation)
Identification No.)
P.O. Box 91274
Los Angeles, California 90009
(Address of Principal Executive Offices, including zip code)
Registrant's Telephone Number, Including Area Code:  (720) 387-8135
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
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))
Item 2.01
Completion of Acquisition or Disposition of Assets
Real Estate Associates Limited II, a California limited partnership (the "Registrant"), previously held a 99% limited partnership interest in Lakeside Apartments, an Indiana limited partnership ("Lakeside").
Lakeside owns a 48-unit apartment complex located in Mishawaka, Indiana. On March 28, 2017, the Registrant entered into an Assignment and Assumption Agreement (the "Agreement") by and among the Registrant, as Assignor, East Lake Capital, LLC, an Indiana limited liability company, as Assignee (the "Assignee"), and Charles W. Parrott and PAB Holdings, LLC, an Indiana limited liability company, as general partners of Lakeside (collectively, the "General Partners"), relating to the assignment of the Lakeside limited partnership interests held by the Registrant to the Assignee for a total price of $200,000. The Registrant's investment balance in Lakeside was zero at December 31, 2016.
Pursuant to the terms of the Agreement, on June 2, 2017, the Registrant transferred its limited partnership interest in Lakeside to the Assignee effective as of June 2, 2017 and received net proceeds of $200,000. The Registrant is currently evaluating its cash requirements to determine what portion, if any, of the proceeds received from this transaction will be available to distribute to its partners.
SIGNATURE
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 hereunto duly authorized.
REAL ESTATE ASSOCIATES LIMITED II
By:
National Partnership Investments, LLC
Corporate General Partner
By:      /
s/ Joseph Dryden
Joseph Dryden
SVP of Finance/CFO
DATED:  June 7, 2017