Yep, another cool looking gray market bike in the bay area!
quote from Craigslist listing:
Selling an 1990 FZR 400 in good condition. The motor has 23k, but was rebuilt at 22k. It runs nicely and would be a great track bike. The bike has all its lights, blinkers, horn, everything that you would need to ride it on the street. The seating height makes the bike a perfect ride for a new rider or someone that is height challanged. It is a nice ride on the street, but it will also make a perfect track bike.
The ad doesn't state if the bike is titled, but does say it has everything you'd need to be legal on the street. I'm also not sure if that paint is original, though the graphics do look factory. Of course for only $2k, it really would make a great track day bike if it's not legal. And if it is titled, what a bargain with a rebuilt motor!