Rough estimate for parts only on a knuckle rebuild, replacement suspension, gauge install, and full timing+V-belt service will be around $2000-$2500 depending on what parts you decide to spring for. Half of that estimate will go to shocks and springs, which cost upwards of $1200 these days.
I'm on my second LJ-7X/2L-TE and if I could recommend a priority list, it would be as follows:
- Timing Belt, Water Pump, Fan Clutch Rebuild (Includes coolant flush & new thermostat)
- Fluids: Trans Flush, Engine Oil, Power Steering
- Pyrometer, Water Temp, Boost Gauge Install
- EGR System Delete (can be performed at the same time as #3)
- Front Knuckle Rebuild w/ Front & Rear Diff + Transfer Case Fluid Drain & Fill (if necessary)
- When performing #3, it's best to tackle front brakes and address any issues with the front e-lockers
- Suspension refresh: shocks, springs, steering damper, radius & tie rods
As a heads up, the list above is often considered "baseline", but many items do not need to be replaced immediately after purchase. I would say that #1,2,3 are absolutely necessary, while the others can wait while you feel out the truck to see what other care it needs.
I hope this does not deter you in making a purchase. I bought my first LJ almost blind and sight unseen from the auctions in Japan. It had 270,000 KM and was not without its issues, but I absolutely fell in love with it, enough to go ahead and search for another one.
If you're planning to use the rig for grocery shopping and weekend beach runs, you'll be good addressing the first half of the list above and progressively working on getting the rest sorted out as you find time. Last note, I'm not particularly sure if 16K is par for the course in 2H 2023, but I do know that figure could get you a KZJ7X 2-3 years ago. If you could manage to shave a bit off the price, that would be ideal. Again, that would all depend on what the underbody and the frame looks like. From the photos posted earlier in the thread, it does look clean for the age and miles.
I hope that helps, and I'm totally looking forward to seeing you in an 70 Series! It truly is an otherworldly experience!