This car is in pretty nice shape and worth plenty, yet here it is parked on the street in Alameda's West End. I don't see it every day, so I suspect it lives at least part-time in a garage somewhere. It does get used for transportation, much to the envy of all those gilded-cage show/cruise-only Vettes.
This is the first Malaise Era Corvette, with power out of the standard 350 down to 190 horsepower. Some of that power loss was all too real, from the smog-mandated reduced compression ratio, and some was just the result of the switch from overoptimistic gross horsepower ratings to more realistic net ratings. You could still get the LS4 big-block with 275 horses for an extra 250 bucks; the 454 Corvette would be extinct by 1975.
Normally I'd prefer to see a car like this without the "custom" touches such as the bullet taillights and weird rocker panel moldings, but the idea of making Corvette purists (who are rivaled only by Porsche purists for their obsession with numbers-matching nonsense, though I've seen Mopar freaks who are just as tedious) cringe in horror is appealing.