<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Angeles Income Properties, Ltd. IV 1998 Second 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> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 3,757 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 23,552 <DEPRECIATION> 13,105 <TOTAL-ASSETS> 15,705 <CURRENT-LIABILITIES> 0<F1> <BONDS> 15,138 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 291 <TOTAL-LIABILITY-AND-EQUITY> 15,705 <SALES> 0 <TOTAL-REVENUES> 2,225 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,665 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 756 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (196) <EPS-PRIMARY> (1.46)<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>