This is unlikely because hurricanes are formed in the tropics, whereas the prevailing currents off the California coast go from north to south (that’s why the ocean is so cold).

This market closes on December 19, 2023; I suspect it would be more interesting if it remained open until the resolution date.

How are you defining "common"?

@EvanDaniel once or twice a year.

@SusanDuenas Every year between now and 2035? Just one or two in 2034? Something in between?

What counts as "in" California? See this discussions for examples that might be relevant:
/mark1263/will-california-be-hit-by-a-hurrica