This tree is too SMALL to effectively use as a redwood bonsai. It's spindly and spindly-looking. A few years grown out in the ground would do it good. FWIW, redwood and sequoia have long been bonsai subjects in Cali. The experts and in-the-know folks out there use collected stumps to begin bonsai.
Examples of what's possible--
A species study of the tallest trees on EarthA group of formless figures gather on the dark highway, hidden in the sea of fog. Briskly slowing down, their silhouettes suddenly delineate, emerging as a family of elk grazing in the safety of the morning twilight. Gentle waves crash on the coast as...
bonsaimirai.com
Coastal redwood is the most recognized tree species, yet isn't widely seen outside California.
www.kusamurabonsai.org
I've been working on a large coast redwood for the past few years in fits and starts. After an initial pruning and repotting (see "Coast redwood" for details)
bonsaitonight.com
Museum Collections
www.bonsai-nbf.org