<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Angeles Opportunity Properties Ltd. 1996 First Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000789282 <NAME> ANGELES OPPORTUNITY PROEPRTIES LTD. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,099 <SECURITIES> 0 <RECEIVABLES> 5 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,338 <PP&E> 8,024 <DEPRECIATION> 1,421 <TOTAL-ASSETS> 8,116 <CURRENT-LIABILITIES> 147 <BONDS> 4,317 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,570 <TOTAL-LIABILITY-AND-EQUITY> 8,116 <SALES> 0 <TOTAL-REVENUES> 521 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 500 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 110 <INCOME-PRETAX> 21 <INCOME-TAX> 0 <INCOME-CONTINUING> 21 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 21 <EPS-PRIMARY> 1.69 <EPS-DILUTED> 0