Hi,
I just got an '81 CB650 Custom going after 1.5 years of sitting, and it was running when it was parked. I think a lot is going to have to do with the environment it was in. If it was well protected from the environment, in a nice heated shed with very little moisture in the air, you may have little trouble. If it was outside under a tarp in the pacific northwest, you may have more trouble. It also depends if any work was done on the bike to prepare it for a long sit, or if it was just parked as is, with dirty oil, etc.
Essentials I would say, would be to change the oil and oil filter, clean the gas tank, check the brakes. Then perhaps try turning it over to see if the engine cranks, and get the oil worked in, and try to start it up.
The brakes may give you a bit of a headache, as the brake fluid attracts moisture and the parts get rusted and seized pretty easily. You'll probably have to clean out the carb, oil the drive train and possibly change the chain, replace or lube the clutch and throttle cables, and maybe clean the electrical system if its the connections have some corrosion.
If you haven't got it yet, get the Clymer service manual for the bike on Ebay or new, its worth its weight in gold...
Have fun
Rob