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 August 15, 2000, Calprop Corporation issued a press release announcing
its results of operations for the quarter ended June 30, 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 August 15, 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)
           August 15, 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 August 15, 2000, Calprop Corporation issued a press release announcing
its results of operations for the quarter ended June 30, 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 August 15, 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)
           August 15, 2000

                                       2