I picked up my K4 for $800.00 off of Craigslist. I don't plan to restore this bike right away but will be doing what I need to do to get it running and safe so I can ride it this season.
Here is a list of the obvious things that are wrong with the bike:
No wire harness
Varnish on engine cases
Paint is poorly done with no clear coat and gas has eaten into it on the tank
Side covers are ghetto but painted to match tanks
Head light off, where PO was planning to repair it
Coils off, PO took them off to test them, I'll test them myself
Front fender has some dents
Rear fender has extra holes drilled in it under the license plate bracket
Straight Hooker pipes with no mufflers
Seat has duct tape on it
Timing will need set because PO replaced points and points plate
Good stuff:
Its a CB750K4
Tires are like new
Rims are near perfect
Compression seems good based on resistance at kick start
New Points and points plate
Clean oil
Chrome parts are mostly in nice shape
Cool looking hooker pipes with no mufflers
I'm going to go to my storage unit now and roll the bike out in the sun and take a few pics to post.