Legal Question in Real Estate Law in California

Any such legal provision would be in a local ordinance. There is no state-wide law requiring payment of displacement allowances when a house is sold to a new owner who intends to occupy it. If you are under a lease that will not have expired when the sale is completed, you will generally have the right to stay until your lease is up or to be paid to move out early, but if you are under a month-to-month tenancy, you are only entitled to 60 days notice (30 if you had been there less than a year) and no compensation. I believe the City of Los Angeles rent control oridnances have a displacement allowance provision, but it appears that you are in Culver City, not L.A. I don't know if Culver City has any such provisions.

It depends on your local rent control ordinances. Santa Monica has some, that apply when an owner closes his property to the rental market pursuant to the Ellis Act. You are going to have to check where you are living to determine what ordinance applies to you. Most of the ordinances are online and available for public viewing for free.