Yes, a Tenant who is on a month to month tenancy, that had lived in the property for more than 1 year is entitled to a 60 day notice to vacate.
While Mr. Issa is right about the amount of notice period required for a notice of termination of tenancy, the answer to your question is actually no. There is no requirement that the owner/landlord notify the tenants of any pending sale. In fact, often times, building ownership changes without notice to tenants. The new owner/landlord, however, is required by state law to notify the tenants of the new ownership/management.
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