<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Angeles Income Properties, Ltd. IV 1996 First Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing </LEGEND> <CIK> 0000763049 <NAME> ANGELES INCOME PROPERTIES, LTD. IV <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 3,145 <SECURITIES> 0 <RECEIVABLES> 153 <ALLOWANCES> 167 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 22,771 <DEPRECIATION> 10,717 <TOTAL-ASSETS> 16,092 <CURRENT-LIABILITIES> 0<F1> <BONDS> 14,395 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (11,353) <TOTAL-LIABILITY-AND-EQUITY> 16,092 <SALES> 0 <TOTAL-REVENUES> 1,112 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 986 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 367 <INCOME-PRETAX> (343) <INCOME-TAX> 0 <INCOME-CONTINUING> (343) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (343) <EPS-PRIMARY> (2.55)<F2> <EPS-DILUTED> 0 <FN> <F1>The Registrant has an unclassified balance sheet. <F2>Amount not in thousands. </FN>