<PAGE>
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington D.C.  20549

                                 FORM 10-QSB/A


(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
    1934


     For the quarterly period ended     June 30, 1996
                                    ------------------------


[_]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT



     For the transition period from                  to 
                                    ----------------    ---------------

      Commission file number   0-15698     
                             -------------------------------------------


          WINDSOR PARK PROPERTIES 2, A CALIFORNIA LIMITED PARTNERSHIP
  ------------------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)


             California                                   33-0054332
  -------------------------------            ---------------------------------
  (State or other jurisdiction of            (IRS Employer Identification No.)
  incorporation or organization)       


         120 W. Grand Avenue, Suite 202, Escondido, California  92025
      -------------------------------------------------------------------
                   (Address of principal executive offices)
                        

                                (619) 746-2411
          ------------------------------------------------------------
                          (Issuer's telephone number)



  Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes  [X]     No  [_]
   
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                                    PART II
                                    -------


Item 6.  EXHIBITS AND REPORTS ON FORM 8-K
         --------------------------------

     (a)  Exhibits and Index of Exhibits

          (27) Financial Data Schedule

     (b)  Reports on Form 8-K

          1)   A Form 8-K (dated May 7, 1996) was filed with regards to the
               Partnership's disposition of the Pinecrest manufactured home
               community located in Shreveport, Louisiana.  The items reported
               in this current report were Item 2 (acquisition or disposition of
               assets) and Item 7 (financial statements, proforma financial
               information and exhibits).

               A summary of the financial information included in the report
               follows:

               Windsor Park Properties 2
               -------------------------

               a)   Proforma Balance Sheet at December 31, 1995

               b)   Proforma Statement of Operations for the year ended December
                    31, 1995


          2)   A Form 8-K (dated June 3, 1996) was filed with regards to the
               Partnership's disposition of the Edgewood manufactured home
               community located in Oklahoma City, Oklahoma. The items reported
               in this current report were Item 2 (acquisition or disposition of
               assets) and Item 7 (financial statements, proforma financial
               information and exhibits).

               A summary of the financial information included in the report
               follows:

               Windsor Park Properties 2
               -------------------------
 
               a)   Proforma Balance Sheet at December 31, 1995
 
               b)   Proforma Statement of Operations for the year ended
                    December  31, 1995

               c)   Proforma Statement of Operations for the three months ended
                    March 31, 1996
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                                   SIGNATURE



In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                              WINDSOR PARK PROPERTIES 2,
                              A California Limited Partnership
                              --------------------------------
                              (Registrant)

                          By: The Windsor Corporation, General Partner


                              By /s/ JOHN A. COSEO, JR.
                                 ----------------------
                                 JOHN A. COSEO, JR.
                                 Chief Financial Officer
                                 (Principal Accounting Officer)


Date:  November 20, 1996