SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* ING GROEP NV (Last) (First) (Middle) AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM PO BOX 810, 1000 AV (Street) AMSTERDAM P7 0000 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/02/1997	3. Issuer Name and Ticker or Trading Symbol CALIFORNIA COASTAL COMMUNITIES INC [ CALC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,666,943(1)	I	See footnote 2.(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* ING GROEP NV (Last) (First) (Middle) AMSTELVEENSEWEG 500, 1081 KL AMSTERDAM PO BOX 810, 1000 AV (Street) AMSTERDAM P7 0000 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ING CAPITAL LLC (Last) (First) (Middle) 1325 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10019 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Reporting Person, acting through its subsidiary, ING Baring (U.S.) Capital Corporation ("ING Baring"), acquired 1,666,943 shares of California Coastal Communities Inc. (the "Company") on September 2, 1997 pursuant to a plan of reorganization filed by the Company under Chapter 11 of the United States Bankruptcy Code on July 14, 1997. On July 28, 1998, ING Baring acquired 263,741 shares of the common stock of the Company in a series of private party transactions. ING Capital LLC, acting as investment manager on behalf of ING Middenbank Curacao N.V., is the beneficial owner of the common stock of the Company previously held by ING Baring. As of the date hereof and after giving effect to the transactions reported on the Form 4 filed by the Reporting Person in respect of the shares of common stock of the Company on the same date this Form 3 is filed, the Reporting Person beneficially owns 1,630,683 shares of the Company's common stock.

2. ING Groep N.V. is the indirect parent company of ING Capital LLC through a chain of wholly-owned subsidiaries.

Remarks:

Reporting Owner Name/Address: ING Capital LLC, 1325 Avenue of the Americas, New York, NY 10019.

	Cornelis Blokbergen	03/17/2005
	Rien K. Pijpers	03/17/2005
	** Signature of Reporting Person	Date
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