8-K

                                 UNITED STATES
                       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) November 21, 2000


                      CALIFORNIA COASTAL COMMUNITIES, INC.
              (Exact Name of Registrant as Specified in Charter)


                                   Delaware
                (State or Other Jurisdiction of Incorporation)

             0-17189                                 02-0426634
     (Commission File Number)          (I.R.S. Employer Identification No.)



6 Executive Circle, Suite 250, Irvine, California         92614
(Address of principal executive offices)                (Zip Code)


                                  (949) 250-7700
               (Registrant's Telephone Number, Including Area Code)


                                   Not Applicable
                          (Former Name or Former Address,
                           if Changed Since Last Report)



Item 5.  OTHER EVENTS

       On November 17, 2000, the Registrant issued a press release (a copy of
which is filed herewith as Exhibit 99.1 and is incorporated herein by
reference) announcing that the California Coastal Commission had approved
modifications to the Bolsa Chica Local Coastal Program that would
substantially reduce the number of developable acres at the Registrant's
Warner Mesa property.

       The Registrant is evaluating the carrying value of its Warner Mesa
property as a result of the Coastal Commission's action. Accordingly, the
Registrant expects to report a substantial write-down of the Warner Mesa
property, in accordance with generally accepted accounting principles, when
it files its Annual Report on Form 10-K for the year ending December 31,
2000. As of September 30, 2000, the property had a carrying value of $139.8
million. This evaluation will require an analysis of alternative development
scenarios with respect to product mix and density, and is not expected to be
completed until the Registrant files its Annual Report on Form 10-K in March
2001. While the Coastal Commission's approval would permit up to 1,235 homes
on 65 acres, the Registrant expects that it can maximize value for its
shareholders by building fewer homes.


Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

       (c)     Exhibits:




       Exhibit No.              Description
       -----------              -----------
                    
       99.1            Press Release, issued November 17, 2000.



                                        2.



                                   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.


                                   CALIFORNIA COASTAL COMMUNITIES, INC.



Date:  November 21, 2000           By:  /s/ Raymond J. Pacini
                                        ---------------------------------
                                        Raymond J. Pacini
                                        Chief Executive Officer



                                        3.

EX-99.1

                                                                   EXHIBIT 99.1

NEWS RELEASE

Contact:  Raymond J. Pacini                             Lucy Dunn
          Chief Executive Officer                       Executive Vice President
          California Coastal Communities, Inc.          Hearthside Homes, Inc.
          949-250-7781                                  949-250-7703

                   CALC ANNOUNCES COASTAL COMMISSION APPROVAL

                         OF STAFF'S PLAN FOR BOLSA CHICA

         IRVINE, California, November 17, 2000 -- California Coastal
Communities, Inc. (NASDAQ: "CALC") announced that on November 16th, the
California Coastal Commission approved suggested modifications to the Bolsa
Chica Local Coastal Program ("LCP") which would allow development of a
residential community of up to 1,235 homes on approximately 65 acres of the
Bolsa Chica mesa.

          The suggested modifications to the LCP must now go back to the Orange
County Board of Supervisors for their consideration. The Company is evaluating
its alternatives in light of the Commission's action.

         The Company is a residential land development and homebuilding company
operating in Southern California. The Company's principal subsidiaries are
Signal Landmark and Hearthside Homes, Inc. Signal Landmark owns Warner Mesa, a
200-acre master-planned community adjacent to the Pacific Ocean and overlooking
the Bolsa Chica wetlands in Orange County, CA, along with an additional 150
acres at Bolsa Chica. Hearthside Homes, Inc. recently completed the final phase
of a 1,200 home master-planned community in Aliso Viejo, CA and is currently
building 112 homes at the Company's Rancho San Pasqual master-planned golf
course community in Escondido, CA, 16 homes on five acres of Warner Mesa in
Huntington Beach, CA and 86 homes in the Chapman Heights master-planned
golf-course community in Yucaipa, CA.




November 17, 2000                                                         Page 2

     SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. Certain statements in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.