Randall Emmett Relists L.A. Home

"Vanderpump Rules" star Randall Emmett has put his beautiful L.A. pad back on the market, a place he and Lala Kent used to call home is now discounted ... relatively speaking, anyway.

Randalls spacious house, on the iconic Mulholland Drive, has been listed once again for $4.995 million -- yes, nearly $5 mil can be a deal in L.A.s crazy market.

The 4,276-square-foot property comes with a long swimming pool, a pickleball court and huge windows offering a great view of the surrounding area.

TMZ broke the story, Randall first listed the spot in May of last year, asking $6.295M for the pad ... since then, its gone through numerous price changes -- dropping to $5.7M, then a flat $5 mil and now even lower!.

Hes also temporarily pulled the plug on selling the property, and ended up listing it for rent for a while. Its unclear if anyone ever took him up on the rental offer, but now the sale goes on.

Youll recall, the OG listing came after Randall and Lala called off their 3-year engagement, which resulted in her moving out. A source told us Randall was looking for a bigger home for his family after the split.

David T. Kessler of Coldwell Banker Realty holds the listing.