QuickLinks -- Click here to rapidly navigate through this document

Exhibit 21.01

CALIFORNIA COASTAL COMMUNITIES, INC.
WORLDWIDE SUBSIDIARY LIST
12/31/08

			Percentage Ownership		State/Country of Incorporation
Henley Facilities, Inc.				100	Delaware
New Henley Holdings Inc.				100	Delaware
	Air Correction International, Inc.			100	Delaware
	Henley Investments, Inc. Two			100	Delaware
	Procon International Inc.			100	Delaware
	Pullman Passenger Car Company Inc.			100	Delaware
	Trailmobile International Ltd.			100	Delaware
	Trailmobile Leasing Corp.			100	Delaware
	W.O.L. Corporation			100	Delaware
Signal Landmark Holdings Inc.				100	Delaware
	Signal Landmark			100	California
	Calumet Real Estate Inc.			100	Delaware
	Hearthside Residential Corp.			100	Delaware
Henley/KNO Holding Inc.				100	Delaware
Hearthside Holdings, Inc.				100	Delaware
	Hearthside Homes, Inc.			100	California
		Hearthside Homes Oxnard, L.L.C.		50	Delaware
		HHI Chandler, L.L.C.		100	California
		HHI Chino II, L.L.C.		100	California
		HHI Crosby, L.L.C.		100	California
		HHI Hellman, L.L.C.		100	California
		HHI Lancaster I, L.L.C.		100	California
		HHI Seneca, L.L.C.		100	California
KREG Holdings Inc.				100	Delaware
WT/HRC Corporation				100	Illinois

QuickLinks

Exhibit 21.01

CALIFORNIA COASTAL COMMUNITIES, INC. WORLDWIDE SUBSIDIARY LIST 12/31/08