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Pete Rose Gambles On Real Estate Pays Off Huge!!!

9/2/2014 12:05 AM PDT

Pete Rose -- Gambles On Real Estate ... PAYS OFF HUGE!!

EXCLUSIVE

He may never make it to the Hall of Fame, but Pete Rose just wrapped up a real estate transaction worthy of a plaque ... selling his home for a $1 MILLION PROFIT!!!

TMZ Sports has learned ... Charlie Hustle just sold his 5-bedroom home in Sherman Oaks, CA for a cool $1.9 million ... which is great news for the ex-MLBer who bought the place for $913k in '99.

No word on why Rose decided to part ways with the crib -- it's a pretty cool spot (pool, palm trees, office, bbq area) ... but he does spend a lot of time in Vegas these days. 

Still pretty far from Cooperstown. Watch TMZ Sports on FS1 Get the new TMZ Sports app!

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