<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>