It may seem unrealistic to own a piece of property that, separately, Tesla titan Elon Musk and the late actor Gene Wilder once called their own. Now, it stands to turn over to a new generation — for less.

That’s because this Los Angeles residence is heading closer to a foreclosure sale.

Mansion Global reports this 1951 white-shingle house, located in affluent Bel Air, has just seen its asking price reduced from $12.95 million to a much lower $9.5 million. This discount comes as the residence’s current owners, one of whom is a family member of Wilder, fell behind on payments; if it doesn’t find a buyer soon, it will hit the auction block next month.

Beginning in August, reports emerged that Musk was moving to foreclose on this dwelling. In 2020, the tech mogul was its owner. That’s when he agreed to sell it to the filmmaker Jordan Walker-Pearlman — Wilder’s nephew — and his wife, Elizabeth Hunter, for $7 million. He even tossed in a $6.7 million loan to seal the deal.

Elon Musk is one of the home’s former occupants.Getty Images

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Jordan Walker-Pearlman is the nephew of former owner Gene Wilder, and has fallen behind on loan payments to the Tesla giant.Getty Images