The L700 was introduced in October 1965 and was a commercial vehicle. Like the T series, it was based on the S series driveline. The engines were basically enlarged 687cc S600 engines that were fed by two side-draft carburetors and produced 52 horsepower.

This model utilized a four speed, manual transmission with a steering column mounted shifter. The L700 station wagon (Honda referred to it as a "light van") was available in two trim levels; the basic LA700, and the better appointed LM700.