Yes. there is a crank seal there.... It has a lip on it and is best replaced by splitting the cases, however, you can remove the points plate and advance unit, clean it really well, wipe it down with acetone, and then give the seam a few thin coats of permatex black non hardening sealant.
That'll hold it for quite some time until you NEED to pull the engine.
Just be sure to mark your points plate on at least 2 posts, so it can be easily relocated without major fussing with the ignition
Oil Seal, 30x42x8 Cb350f Four 1972 Usa
fits:
Honda
product number:
91201300003
CMS product number:
HO0134.0821