OK. You may need to take notes.
"damn this section of the forums is slow."
Yes, not much happening here. Try
http://www.240Z.org for much more.
"i found a 72 240Z for sale today. the body is in great shape. the 2.4L engine was swapped out for a 280Z engine (im guessing L28). this engine has been cammed, has a header, and is running a holley 4bbl. Does the L series engine have the intake and exhaust ports on the same side of the head?"
Yes, the intake and exhaust are on the same side of the head. Just one of those things you learn to live with.
"basicly the engine barely idles (VERY LOPEY) but is ferocious when you get on the gas(revs VERY fast and is very loud)."
Sometimes very loud makes "reasonably quick" feel like "very fast." The lopey idle can be due to a large cam (possible) or a poorly tuned carb (likely). The Holley conversion was a typical after market item. Normally, it gives strong high end performance but not so good low end performace. Couple that with a big cam and the effect would be very noticable.
"is this car worth the $3995 asking price? if not what do you think its worth."
Price for the car depends on two things. Disreguard everything else. These cars are a bit cheaper on the west coast and south west than elsewhere. For that price, the car should be close to rust free. Check floor boards, frame rails, under the battery tray, rear corners of the rocker pannels, upper rear wheel wells, and windshield frame. If the car has significant rust, you will get a year out of it before it collapses into a pile of brown powder. Don't be afraid to poke and prod. Some people are good a hiding rust.
Disreguard ALL mechanical work. All of the mechanics on this car are cheap, cheap, cheap. You can buy good running engines for $150. People will give you the 4 speed transmission for free. A good engine rebuild costs less than doing the injectors on a Q45 (I know, I've done both) Spend your money on a good body. Rust repair is EXPENSIVE!!!!!
"the body and interior are in good shape and the engine appears to be in great shape, it doesn't have power steering (did the 240s ever have it?)"
No PS. It shouldn't need it. If the steering feels stiff it either has wide tires, a failing steering rack, or a dead steering shaft connector.