It looks like Bajada Lupine with the small, green, hairy pea pods. But the red leaves seem unusual.

Bajada Lupine (Lupinus concinnus) Native, annual, hairy plant that grows 1-3 dm (up to 12 inches) tall in dry, sandy, disturbed soils, in many plant communities. Stems are decumbent to erect. It has long, spreading hairs covering its stem and leaves. Leaves have 5–9 leaflets, 1-3 cm long. Flowers are spiraled, but sometimes solitary in leaf axils, peduncle <= 8 cm. Petals are pink to purple (occasionally white). Some of the flowers appear on lower leaf axils. Banner spot is white or yellowish. Keel is generally glabrous. Peak bloom time: March-April. Fruit are hairy, 1--1.5 cm long and 3--5 mm wide.
Link to confirmed observation of fruiting Bajada Lupine: https://www.inaturalist.org/observations/163034899

Link to confirmed observations of flowering Bajada Lupine in March: https://www.inaturalist.org/observations/153288905 and https://www.inaturalist.org/observations/165593755 and https://www.inaturalist.org/observations/202127959

Calflora species distribution map: https://www.calflora.org/app/taxon?crn=5129

Jepson eFlora https://ucjeps.berkeley.edu/eflora/eflora_display.php?tid=31835

Anza-Borrego Desert Wildflowers (and more) https://borregowildflowers.org/?type=search&searchtype=S&family=&name=Lupinus%20concinnus

Lupine (Lupinus) anatomy, etc. Pictorial Guide to Characteristics Needed for Lupine Identification, by Tom Chester http://tchester.org/plants/analysis/lupinus/identification.html

California Desert Wildflowers, Philip A. Munz, 1975 (species not listed)

Flora of North America http://beta.floranorthamerica.org/Main_Page (species not listed)

Plants of Monterey County: an Illustrated Field Key, 2nd edition, Matthews and Mitchell, 2015, pp. 164-165.

Flora of Fort Ord: Monterey County, California, David Styer, 2019, p. 114.

Monterey County Wildflowers: a Field Guide, Yeager and Mitchell, 2016, p. 51.

Monterey County Wildflowers https://montereywildflowers.com/fabaceae-lupine-ann/

Leaf Shape and Arrangement diagrams: https://upload.wikimedia.org/wikipedia/commons/e/e8/Leaf_morphology.svg

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Lupine (genus Lupinus) are in the Pea (Fabaceae) family. They are nitrogen fixers and they help sequester carbon in the soil. "The Pea family has 5-petaled flowers, consisting of a wide upper banner petal, two wing petals, plus two lower petals which are fused to form a boat-shaped keel. Many produce heads or spikes, consisting of multiple individual flowers (examples are lupines and clovers). The seed pod is generally a “legume”; a long, flattish pod, swollen by the seeds, and splitting lengthwise along both the top and bottom.
Most lupines have distinct clusters of flowers in spikes, sometimes short, sometimes quite tall. Leaves are typically palmately compound, with leaflets ranging from very narrow to broad. It is useful to note whether the flowers are in whorls around the stem. It can also be critical to look at the keel, to see the pattern of hairs. Some are ciliate on both the top and bottom of the keel; some have hairs only near the claw (base), others only near the tip." https://montereywildflowers.com/fabaceae-lupine-per/

Pictorial Guide to Some Characteristics Needed for Lupine Identification http://tchester.org/plants/analysis/lupinus/identification.html

Key to Lupinus: Jepson eFlora https://ucjeps.berkeley.edu/eflora/eflora_keys.php?key=9370

Jepson eFlora Filter Key for Lupinus in CCo (Monterey County) https://keybase.rbg.vic.gov.au/keys/show/3690?filter_id=55b17b2b4727a

INaturalist Project: Lupines of California https://www.inaturalist.org/projects/lupines-of-california

Lupine I.D. Tips and Links by INat @yerbasanta :
"Reveal and photograph the keel petal (hidden within the wings) to document the hairs (if any) on the upper and lower surface along the entire length.
Keel image: https://tchester.org/plants/analysis/lupinus/pix/lupinus_formosus_g4_17_crop_70_label.jpg
Guide to documenting lupines in more detail (including calyx, banner spots, etc): https://tchester.org/plants/analysis/lupinus/identification.html#fig_1_caption