Yeah, California SBR laws say 26" in shortest possible configuration. So in this case, stock fully collapsed. Under this length makes it an SBR.
DOJ has issued regulations over the last few years where they now interpret that to mean with any removable muzzle device removed, even though there is zero basis for this in the statute, but like the ATF, they have started making up their own crap and prosecuting people for violating it.
Whether one goes by DOJ's edict or not, it is possible for a rifle to be an SBR under CA laws but not under Federal laws. Unless your RAW qualifies as C&R by age (I think only Colt SP1s and the like qualify), that's a problem (a C&R SBR requires no special permits, but it is considered a concealable weapon like a handgun, and subject to handgun laws for carry, transportation, etc.).
If the receiver was originally listed on the form as a handgun, or as a receiver and built as a handgun legally, and you replace the stock with a brace (most are not considered stocks by DOJ), you can convert it into a "long gun, other" or a "handgun" (or an AOW if you go through the Federal process and the configuration qualifies) and avoid the SBR issues. AOWs, it should be noted, are exempt from CA SBR laws. However, I'm not sure such a change is allowed, whether by statute or by DOJ doing its own thing, on a RAW registered as a rifle.