That might be a K2 there? I did not think the K1 had the hand rail and did not have the idiot lights in a cluster under the gauges. The K1 had matching paint for the headlight bucket and fork ears. I see yours has black bucket and chrome ears. What does the build date say on the black and silver sticker on the neck? Should be a month and year like 8/72 in the corner of the sticker on the right side of the neck. Sure looks like a great find for you!!! I wonder if it is a K2 built in 1971?
Here is some info from Cycle Chaos:
The CB750K1 Four was sold from 1970-71 and was available in one of four colors: Candy Ruby Red, Candy Gold, Valley Green Metallic, or Candy Garnet Brown. The gas tank stripe was gold. The tank, side covers, and upper forks were of the basic color (red, gold, green, or brown). The side covers were smaller and there were no slots on the leading edge. There was a two-throttle cable system (pull open and pull closed). The headlight shell was also the basic color. The exhaust system was a 4-into-4. The engine was a 736cc SOHC 2-valve dry sump inline 4 cylinder linked to a 5-speed transmission and chain drive. The serial number began CB750-1044650.
The CB750K2 Four was sold in 1972 and was available in one of three colors: Brier Brown Metallic, Flake sunrise Orange, or Candy Gold. The gas tank stripe was gold but as with previous models, the Gold tanks had a black stripe. The side covers were smaller than the K0 model and there were no slots on the leading edge. The upper forks were chrome. The headlight shell was black. The taillight and side reflectors were larger. There was a two-throttle cable system (pull open and pull closed). The exhaust system was a 4-into-4. The engine was a 736cc SOHC 2-valve dry sump inline 4 cylinder linked to a 5-speed transmission and chain drive. The serial number began CB750-2000001.