Hasselhoff spends $1.95 mn on new home

Actor David Hasselhoff, 60, has bought himself a new mansion for as much as $1.95 million.

He purchased the 5,767 sq. ft. Mediterranean home in Calabasas last week, sources close to the deal told tmz.com.

The mansion, complete with five bedrooms and six bathrooms, sits in a small gated community, and even has its own basketball court.