The Google LG Nexus 5, featuring the much-anticipated Android Key Lime Pie 5.0 OS firmware may see an October release date. According to a Korean tech news site called Daum, smart-phone maker LG may release the Nexus 5 on October 5, 2013, along with the Android 5.0 OS update.

Several blogs around the web have jumped on the rumored October 5 release date bandwagon believing it creates a nice 5, 5, 5 pattern: Nexus 5, Android 5.0, October 5.

The smartphone is reportedly already minted and therefore we could be looking at an August preview via the release for the LG flagship, Optimus G2, off which the Nexus 5 is said to be based. The LG Optimus G2 or just the LG G2, is set to be revealed August 7, 2013 in a New York City event.

Although the G2 is not the only phone the Nexus 5 is reported to be modeled after, it does seem to be the most consistent rumor. If the rumors turn out to be true then these are the specs and features we can expect for the upcoming Nexus 5 and the Android Key Lime Pie 5.0 OS.

LG Nexus 5 Rumored Specs

Based off what we know about the LG G2, the Nexus 5 could feature a 13-megapixel rear camera, which seems to be the new norm for any smartphone coming out as Galaxy S4 has set it as the standard with which to compete.

In addition, back in March we saw the Feature GPS-Assisted Photography feature making a fantastic splash around the Android rumor mill sites. Based on a patent filed by Google,  the Nexus 5 smartphone could feature a GPS sensor for adjusting camera settings. The patent, featured the use of a light sensor, temperature sensor and accelerometer to adjust the camera to its surroundings, allowing for the best possible picture. If the Nexus 5 sports this kind of technology, alongside the upgraded operating system, it could easily go head to head with the Galaxy S4 and the HTC One for best camera phone choice. It seems very likely it could happen to in light of the 13-megapixel camera specs rumor.

Nexus 5 Rumors: Display Specs

In addition to the updated camera specs, the Nexus 5 could feature a generous 5.2-inch Full HD 1920 x 1080 screen. LG announced a new screen technology this week that is unbelievably slim and will allow for pencil-thin bezels while delivering a full HD experience. It's quite possible we could see this new technology on the Nexus 5.

SEE ALSO: Slideshow Android Key Lime Pie Features: Nexus 5 New GPS Specs and Release Date Rumors [ REPORT]  

This new display type is certainly exciting as customer demands for larger screens along with ease of use and portability in their devices is coming more to the forefront. According to LG, this is the "world's slimmest full HD LCD" which will allow smartphone makers using the new technology greater flexibility in design.

Nexus 5 Rumors: Hardware Specs

The Nexus 5 is rumored to come with a 2,700 mAh battery pack, LTE-Advanced support, a 2.3GHz Qualcomm Snapdragon 800 processor and 3 GB of RAM. With these specs in place, it's very likely the Nexus 5 will be one of the higher end Google smartphone choices.

Android 5.0 Key Lime Pie Coming to Nexus 5?

As new Nexus models tend to always be the first to get new Android firmware updates, it's not a stretch to say we can expect to see Android Key Lime Pie 5.0 released along with the new device. So what features could we expect in Android 5.0 Key Lime Pie if and when it comes to the Nexus 5? Here are a few of the hot Android 5.0 feature rumors that have hung around.

SEE ALSO: Android Key Lime Pie 5.0 And Nexus 5 Rumors Emerge After I/O Developers Tease With Video Hints [PHOTOS & VIDEO] 

Android Key Lime Pie 5.0 Anticipated Features

Android 5.0 Key Lime Pie features are likely the most mysterious to figure, but one of the few leaks we have received has to do with a new "Guest Mode" that allows users to lend their Android phones to other people without the fear that personal information such as contacts and files will be accessible. User profiles, , are another feature that Key Lime Pie 5.0's release date may possible enable which would allow people to completely separate work and person profiles within the same device.

Another popular rumor has been related to the ability to multitask and run several apps at the same time on the updated Android 5.0 OS. Apple recently debuted its iOS 7 featuring similar updates like this; and so, to keep up with the competition, it's likely multitasking will come into play with Android Key Lime Pie 5.0.

The new system could also possibly feature an split screen and back-up abilities similar to iCloud. With Nexus 5's proposed 5.2-inch screen, the split screen option could be quite enticing.

Add to these features all that Google Chrome is bringing with its updates, and the Nexus 5 featuring Android 5.0 Key Lime Pie should be a powerful and exciting new device.

As more rumored specs and features as well as updates to the proposed Nexus 5 release date emerge, we'll be sure to update you.

Are you considering the Nexus 5 as your next Android device? Share your thought about LG's upcoming release in the comments section below.