realestate

Elon Musk takes legal action against Gene Wilder's former LA home

Jordan Walker-Pearlman, nephew of Gene Wilder, is in a financial pickle over a piece of Hollywood history.


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    Jordan Walker-Pearlman, a filmmaker and nephew of the late Gene Wilder, is in a financial bind due to a piece of Hollywood history - his famed uncle's former home in Los Angeles. The residence is located in affluent Bel Air and was once owned by tech titan Elon Musk. Musk agreed to sell the home to Walker-Pearlman and his wife Elizabeth Hunter for $7 million and even offered a loan to help seal the deal. However, just four years later, the couple is struggling to keep up with a $6.7 million loan provided by Musk to bring the home back into the family.

    Fast forward to this summer, an entity connected to Musk has slapped a notice of default on the property, marking the beginning of a foreclosure process. According to the paperwork, the couple is nearly $7 million behind on their payments, and in 90 days, the house could go up for grabs. The house, once a haven for Hollywood legends like Mel Brooks and Sidney Poitier, is now on the market for nearly $13 million.

    Despite the looming threat of foreclosure, Walker-Pearlman remains surprisingly calm about the situation. He credits Musk for providing a "magical opportunity" and insists there's no bad blood between them. He acknowledges that Musk isn't being adversarial or mean and blames the writers' and actors' strikes for their financial woes, which hit the entertainment industry hard last year.

    The house holds a special place in Walker-Pearlman's heart as it's filled with memories of a young boy growing up in the shadows of Hollywood greats like Mel Brooks and Sidney Poitier. It's where his uncle Gene Wilder read scripts, played piano, and hosted Sunday hangouts with his famous friends - experiences that Walker-Pearlman got to be a part of.

    Wilder bought the house in 1976 for just $300,000 after the success of "Young Frankenstein" and lived there until 2007 when he sold it for $2.72 million. The home, built in 1951, is made up of four bedrooms and four bathrooms and occupies nearly 3,000 square feet.

    After Wilder's death in 2016, the house passed to Musk, who scooped it up for $6.75 million in 2013 when it was conveniently located across the street from his main pad. When Musk decided to offload the house in 2020, Walker-Pearlman and Hunter jumped at the chance to keep it in the family, even though they couldn't swing the full $9.5 million asking price. Musk agreed to a lower price and offered a loan to help them out.

    Now, as the couple faces the possibility of losing the house, Walker-Pearlman is ready to let go. "This is likely the closing of a very unicorn and beautiful chapter of our lives," he said, adding, "I'm not disgruntled at all."

Elon Musk sues over Gene Wilder's former Los Angeles estate property dispute.