Residents have until December to submit an offer for the 213-home San Lazaro Mobile Home Park, which is listed for $42.5 million. Residents have spent the last few months fundraising and organizing an effort to buy the park themselves.
Then, on Saturday, many say they received a letter saying another buyer had already submitted an offer. While many residents own their individual homes, some are concerned a new park owner could raise lot rents.
After 12 years of living at the park, Pedro Zepeda isn’t sure he’ll be able to afford extra expenses…