New Company Offers $25 Million to Buy Mobile Home Park

A second buyer for Bayside Village mobile home park surfaced Tuesday in Bankruptcy Court with an offer to pay $25 million for the site, dwarfing the pending $13 million bid by the park’s leaseholder.

Carlsberg Management Corp. in Santa Monica, a mobile home park management company, submitted its offer to buy the prime 56-acre bay-front property and 279-slip marina on Newport Harbor.

If its offer is accepted, Carlsberg plans to subdivide the land and offer it for sale to the tenants at Bayside.

Attorneys for creditors said the offer would pay off creditors in full and give landlord DeAnza Assets Inc. $10 million for its lease.

DeAnza, based in Beverly Hills, has a long and sometimes contentious history with Bayside Village tenants.

The residents formed Bayside Land Corp. in 1993 to buy the park so it could avoid rent hikes that DeAnza had imposed on them. When Bayside Land declared bankruptcy earlier this year, DeAnza was the first entity to put an offer on the table to buy the park.

Both offers will have to be approved by a Bankruptcy Court judge. All parties then must vote on which offer--and reorganization plan presented by the buyers--to accept.