SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 8 - K

                                 Current Report
                     Pursuant To Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of report (Date of earliest event reported) : May 17, 2000

                               CALPROP CORPORATION
             (Exact name of registrant as specified in its charter)


     California                            1-6844                 95-4044835
-------------------------------    -----------------------   -------------------
(State or other jurisdiction of    (Commission File Number)  (I.R.S. Employer
incorporation or organization)                               Identification No.)


13160 Mindanao Way, Suite 180, Marina Del Rey, California                 90292
---------------------------------------------------------              ---------
(Address of principal executive offices)                              (Zip Code)

(Registrant's telephone number, including area code)  (310) 306-4314
                                                      --------------
                                 Not Applicable
              Former name, former address and former fiscal year,
                         if changed since last report.)
<PAGE>

ITEM 5.   OTHER EVENTS.

   On May 17, 2000, Calprop Corporation issued a press release announcing its
results of operations for the quarter ended March 31, 2000 and discussing
certain other matters. The press release is filed as an exhibit hereto.

ITEM 7.   EXHIBITS.

   The following exhibits are filed with this current report on Form 8 - K:

   Exhibit No.       Description
   -----------       -----------
       99         Press Release dated May 17, 2000 issued by Calprop Corporation

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                  CALPROP CORPORATION


                                  By: /s/ Mark F. Spiro                        .
                                      ----------------------------------------
                                      Mark F. Spiro
                                      Vice President/Secretary/Treasurer
                                      (Chief Financial and Accounting Officer)
                                      May 17, 2000


                                      2
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 8 - K

                                 Current Report
                     Pursuant To Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of report (Date of earliest event reported) : May 17, 2000

                               CALPROP CORPORATION
             (Exact name of registrant as specified in its charter)

     California                            1-6844                 95-4044835
-------------------------------    -----------------------   -------------------
(State or other jurisdiction of    (Commission File Number)  (I.R.S. Employer
incorporation or organization)                               Identification No.)

13160 Mindanao Way, Suite 180, Marina Del Rey, California                 90292
---------------------------------------------------------              ---------
(Address of principal executive offices)                              (Zip Code)

(Registrant's telephone number, including area code)  (310) 306-4314
                                                      --------------
                                 Not Applicable
              Former name, former address and former fiscal year,
                         if changed since last report.)
ITEM 5.   OTHER EVENTS.

   On May 17, 2000, Calprop Corporation issued a press release announcing its
results of operations for the quarter ended March 31, 2000 and discussing
certain other matters. The press release is filed as an exhibit hereto.

ITEM 7.   EXHIBITS.

   The following exhibits are filed with this current report on Form 8 - K:

   Exhibit No.       Description
   -----------       -----------
       99         Press Release dated May 17, 2000 issued by Calprop Corporation

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                  CALPROP CORPORATION

                                  By: /s/ Mark F. Spiro                        .
                                      ----------------------------------------
                                      Mark F. Spiro
                                      Vice President/Secretary/Treasurer
                                      (Chief Financial and Accounting Officer)
                                      May 17, 2000

                                      2