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Gilbert Arenas

Drops Millions to Live

On the Edge (of The Valley)

7/20/2013 12:05 AM PDT BY TMZ STAFF
EXCLUSIVE

0712_gilbert_arenas_new_home_launchNi-Hao people of Los Angeles ... ex-NBA star turned Chinese b-baller Gilbert Arenas just dropped a couple million bucks on a sick new pad in the valley ... with killer views (not killer sharks).

Arenas -- who left the NBA in 2012 and now plays for the Shanghai Sharks -- bought a 5,853-square-foot casa in Encino, CA. He still owns his other home in Virginia as well (i.e. the one with the shark tank).

According to docs, Arenas took out a loan for $1.7 million for the digs. It's unclear what the final sale price was, but the house was previously listed for $2.5 million ... so he probably coughed up a hefty down payment.

As for the crib -- despite being in the Valley -- it's pretty sick. Tuscan villa design, 5 bedrooms, 4.5 baths, maids quarters, grill and BBQ ... plus the pool and spa sit at the edge of a cliff, creating views to die for.

Also a perfect place to set off some fireworks.

For more sports stories, check out tmzsports.com!
8 COMMENTS

No Avatar

1.

melbrooks    

I dont know who u r but u sure got a bitchin house

375 days ago
2.

en Todo Momento!!    

and so when do i get to move into the master bedroom?...

375 days ago
3.

Eddieshap    

Despite being in the valley? What does that mean? Yeah, they're aren't any nice houses in Studio City, Encino, Woodland Hills, Calabasas, Tarzana etc...

375 days ago
4.

Tom     

TMZ yet again hating on The Valley, face it guys, most celebrities live in the valley, especially the celebs you guys always report on, The Valley is the place to be, I would to know where you guys live? probably in crappy apartments. Also Encino is one of the most affluent celebrity packed neighborhood in Los Angeles.

375 days ago
5.

Jull    

The tone of the article is a bit strange for me. If Gilbert has managed to save a couple of millions (I am sure much more, but I do not care), why is it so interesting for you to look into his pocket. For a lot of people nowadays cash lending practices are a usual, but I am not sure everybody will show such envy as it i in the article. One people can, the other can not earn money and nobody is to blame, but yourself.

221 days ago
6.

danhayes    

Talking about Ni-Hao people of Los Angeles they need some extra funds to manage their lifestyle and to live as they wanted to be...To cater these things easily they have a great chance to use long term installment loans services provided by our company. They can visit our online web site any time and be sure that they will have the money for their living. They can get as low as 100 and as much as 1,500. It depends on your desire and on your monthly earnings.

194 days ago
7.

Priyankasingh1    

Spend millions live is not a good choice if you have money then do something good for human being, its only my thinking because Clear Creek Lending problem, facing bad credit score and financial trouble. so in this time if someone help then really good. over all it is really a very good house to live and explore the luxury.

151 days ago

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