I bought my 73 1.7 about 4 months ago for $3,200. Extremely clean with new paint, xlnt engine, a/c, and all original (even had the original tool kit which was never used!!) I am in the L.A. area which is not too far from you.
Sounds like you may be on the high end-your picture looks good though.
If you want a better idea of what they go for in L.A. Try
www.recycler.com.
Rich
'73 1.7
'74 2.0