<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted frm Angeles
Income Properties, Ltd. V 1995 Third Quarter 10-QSB and is qualified in its
entirety by reference to such 10-QSB.
</LEGEND>
<CIK> 0000792181
<NAME> ANGELES INCOME PROPERTIES, LTD. V.
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                         442,994
<SECURITIES>                                         0
<RECEIVABLES>                                   56,309
<ALLOWANCES>                                       282
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                      12,654,743
<DEPRECIATION>                               3,574,196
<TOTAL-ASSETS>                              10,069,929
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                     12,936,763
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                (10,172,001)
<TOTAL-LIABILITY-AND-EQUITY>                10,069,929
<SALES>                                              0
<TOTAL-REVENUES>                             1,729,299
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             3,101,950
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,646,012
<INCOME-PRETAX>                                247,029
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            247,029
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                496,881
<CHANGES>                                            0
<NET-INCOME>                                   247,029
<EPS-PRIMARY>                                     5.44
<EPS-DILUTED>                                        0
<FN>
<F1>The Registrant has an unclassified balance sheet.
</FN>