<ARTICLE> 5
      <LEGEND>
      This schedule contains summary financial information extracted from
      Angeles Income Properties Ltd. V's 1995 second quarter 10-QSB and is
      qualified in its entirety by reference to such 10-QSB filing.
      </LEGEND>
      <MULTIPLIER> 1
             
                                   
      <PERIOD-TYPE>                   6-MOS
      <FISCAL-YEAR-END>                DEC-31-1995
      <PERIOD-END>                     JUN-30-1995
      <CASH>                              446,848
      <SECURITIES>                              0
      <RECEIVABLES>                       182,768
      <ALLOWANCES>                       (115,163)
      <INVENTORY>                               0       
      <CURRENT-ASSETS>                    652,889
      <PP&E>                           12,641,038
      <DEPRECIATION>                   (3,477,076)
      <TOTAL-ASSETS>                   10,180,769
      <CURRENT-LIABILITIES>             3,891,719
      <BONDS>                          12,955,476
      <COMMON>                                  0
      <PREFERRED-MANDATORY>                     0    
      <PREFERRED>                               0
      <OTHER-SE>                       (9,678,387)
      <TOTAL-LIABILITY-AND-EQUITY>     10,180,769
      <SALES>                                   0  
      <TOTAL-REVENUES>                  1,167,029
      <CGS>                                     0        
      <TOTAL-COSTS>                             0
      <OTHER-EXPENSES>                  2,120,724
      <LOSS-PROVISION>                          0
      <INTEREST-EXPENSE>                1,172,076
      <INCOME-PRETAX>                     740,643
      <INCOME-TAX>                              0
      <INCOME-CONTINUING>                 740,643
      <DISCONTINUED>                            0
      <EXTRAORDINARY>                     496,881
      <CHANGES>                                 0
      <NET-INCOME>                        740,643
      <EPS-PRIMARY>                         16.29
      <EPS-DILUTED>                             0