Wow, that looks just like the first Honda my father bought, although I think his was a 1962. Actually it is not a dream, it was called a 150 Benley. He rode two up (my mother) for 500 miles to Yellowstone Park and back with two friends that had the same bikes.
I see someone pulled the same trick I did. The front fender flare (lower side) has been smashed. I did this by pushing dad's bike over a tall curb to the street and the curb smashed the fender out when I discovered the curb was taller than my ground clearance on the bike! I was pushing it away from the house so he wouldn't hear me start it! He traded it in an a 305cc Dream and later bought the first CB450 in the state (the infamous "Black Bomber"). When he died in 2003, I sold the "450" for $1000, sight unseen, to a guy on the Internet.