WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  


<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from Calprop
Corporation and is qualified in it's entirety by reference to such financial
statements.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                                DEC-31-2000
<PERIOD-START>                                   JAN-01-2000
<PERIOD-END>                                     MAR-31-2000
<CASH>                                               953,862
<SECURITIES>                                               0
<RECEIVABLES>                                              0
<ALLOWANCES>                                               0
<INVENTORY>                                       86,005,858
<CURRENT-ASSETS>                                           0
<PP&E>                                                     0
<DEPRECIATION>                                             0
<TOTAL-ASSETS>                                    94,327,401
<CURRENT-LIABILITIES>                                      0
<BONDS>                                                    0
<PREFERRED-MANDATORY>                                      0
<PREFERRED>                                                0
<COMMON>                                          10,290,535
<OTHER-SE>                                         7,184,619
<TOTAL-LIABILITY-AND-EQUITY>                      94,327,401
<SALES>                                            7,583,363
<TOTAL-REVENUES>                                   7,583,363
<CGS>                                              7,906,202
<TOTAL-COSTS>                                      7,906,202
<OTHER-EXPENSES>                                     636,005
<LOSS-PROVISION>                                           0
<INTEREST-EXPENSE>                                    16,762
<INCOME-PRETAX>                                     (711,162)
<INCOME-TAX>                                        (138,077)
<INCOME-CONTINUING>                                 (573,085)
<DISCONTINUED>                                             O
<EXTRAORDINARY>                                            O
<CHANGES>                                                  0
<NET-INCOME>                                        (573,085)
<EPS-BASIC>                                            (0.06)
<EPS-DILUTED>                                              0