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) August 5, 2004

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 and Regulation FD Disclosure.

On August 5, 2004, the Registrant issued a press release announcing that the Registrant has decided to postpone the August 12, 2004 hearing before the California Coastal Commission on its subsidiary's application for a coastal development permit to build 379 homes on the upper bench of its Bolsa Chica mesa property, until October.  A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.

(c)           Exhibits (Furnished Pursuant to Items 5 and 12).

99.1 Press Release of the Registrant, dated August 5, 2004 announcing the postponement of the California Coastal Commission hearing.

The information contained in this report on Form 8-K and the exhibits hereto shall not be deemed to be “filed” for the purposes of Section 18 of, or otherwise regarded as filed under, the Securities and Exchange Act of 1934, as amended. The information contained in this report shall not be incorporated by reference into any filing of the Registrant with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filings except as otherwise expressly stated in any such filing.

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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: August 9, 2004	By:	/s/ RAYMOND J. PACINI
		Raymond J. Pacini
		Chief Executive Officer

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EX-99.1

Exhibit 99.1

NEWS RELEASE

Contacts:	Raymond J. Pacini
	Chief Executive Officer
	California Coastal Communities, Inc.
	(949) 250-7781

CALC Postpones Coastal Commission Hearing

-  Hearing now expected in October 2004

IRVINE, California, August 5, 2004 – California Coastal Communities, Inc. (NASDAQ: CALC) announced that it has requested a postponement of the California Coastal Commission’s August 12, 2004 hearing on the Company’s application for a Coastal Development Permit for its residential development project of 379 homes, known as “Brightwater”, on the upper bench of the Company’s Bolsa Chica Mesa property.

Raymond J. Pacini, CEO of the Company, stated: “Given the confusion created by the Commission staff’s report regarding the future of the lower bench of the Bolsa Chica Mesa, we decided to wait for the Wildlife Conservation Board (“WCB”) to consider approval of the State’s proposed purchase of the 103-acre lower bench at WCB’s meeting on August 12, 2004.  Many of the issues raised by staff relate to the uncertainty over whether or not the WCB will approve the purchase of the lower bench and what the ultimate use of the property will be.  Postponing the Commission’s hearing on Brightwater will remove the uncertainty over the future of the lower bench. We also need time to respond to misstatements and inaccuracies contained in the Commission staff’s report.”

The Coastal Commission staff’s report was released on July 30, 2004 and recommends that the Commission deny the Company’s permit application, however that recommendation is not binding on the Commission.  Furthermore, the Coastal Commission has previously approved development plans despite contrary staff recommendations.

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The preliminary agreement to sell the 103-acre lower bench of the Bolsa Chica Mesa remains subject to shareholder approval, which the Company has previously indicated will not be granted until the Company obtains a Coastal Development Permit for its Brightwater plan. In addition, upon issuance of grading permits for Brightwater, the Company will offer to dedicate 51 acres of additional land on the Huntington Mesa to the County of Orange to complete the 105-acre Harriett M. Wieder Regional Park.

The 1,200-acre Bolsa Chica Wetlands are fully preserved and protected in accordance with previous agreements with the State of California and are not included in the Brightwater plan.

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 208 acres on the Bolsa Chica Mesa, which overlooks the Pacific Ocean and the Bolsa Chica wetlands in Orange County, California, along with an additional 100 acres on the Huntington Mesa, which is south of the Bolsa Chica wetlands.  Hearthside Homes, Inc. has delivered over 1,600 homes to families throughout southern California over the last nine years.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain of the foregoing information contain forward-looking statements that relate to future events or the Company’s future financial performance. These statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any future results,

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performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, “continue”, or the negative of such terms or other comparable terminology. These forward-looking statements include, but are not limited to statements about the Company’s plans, objectives, goals, expectations and intentions, the timing and outcomes of real estate development, the timing and outcomes of regulatory approval processes or administrative proceedings, and other statements contained herein that are not historical facts.

Forward-looking statements are based on current expectations or beliefs regarding future events or circumstances, and you should not place undue reliance on these statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors – many of which are out of the Company’s control and difficult to forecast – that may cause actual results to differ materially from those that may be described or implied. Such factors include but are not limited to: local and general economic and market conditions; the impact on economic conditions of terrorist attacks or the outbreak or escalation of armed conflict involving the United States; the demand for residential real estate; governmental regulation, including the impact of “slow growth” or similar initiatives; delays in the land entitlement process, development and construction; environmental matters; future business decisions and the Company’s ability to successfully implement its operational, growth and other strategies; litigation; and other risks discussed in the Company’s past and future filings with the Securities and Exchange Commission.

The Company assumes no, and hereby disclaims any, obligation to update any of the foregoing or any other forward-looking statements. The Company nonetheless reserves the right

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to make such updates from time to time by press release, periodic report or other method of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements not addressed by such update remain correct or create an obligation to provide any other updates.

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