I love a road trip! Going North from Anaheim there are several nice beach towns you could stop in, including:
Laguna Beach- which has an art galleries and restaurants and shopping
Santa Barbara- a favorite local weekend desination for southern californians
Pismo Beach- where the California coastline starts to take on a decidedly more "NorCal" appearance.
I am partial to Santa Barbara myself having lived there for 5 years in my younger days. You can do a lot in a day or two there, including their cute little zoo, lunching and shopping along State Street, checking out the view from the top of the courthouse, and riding bikes along the boardwalk. Lots of cool parks and beaches around the town.
I am assuming you don't want to go into LA and do anything interesting there... or any of the suburbs around there?
Hearst Castle is very cool and I think your boys are a good age for it. I have been there once at age 14 and I think I was pretty impressed with it. I would take my kids when they are that age. Somewhere around there you can view the elephant seals lying around on the beach, I can't remember if it is north or south of the turnoff for the castle.
I have driven PCH from Hearst castle area up to Monterey, it is beautiful, and looong. It starts to feel a little claustrophobic because once you are on it you have to see it through... it would take too long to veer off to get back east onto a main highway. But it is the only way to get to Big Sur, which is gorgeous. If you do go all the way up PCH to Monterey, the Monterey Bay Aquarium is pretty amazing and you could spend an entire day there.
Cambria is another coastal tourist-y town people like to go to but I have never been to that one.
I have been to Sequoia and it is impressive. I have camped there. you would not really do that in February unless you were hardcore outdoorsmen I think. Definitely something you might want to see in your life time (gigantic trees!) but I would do Hearst Castle this time of year.
If I were you I would head up to Hearst castle and make one of the beach towns your stopping point for a day or two. (Not Laguna, that's very close to Anaheim)