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Chris Paul

Good news, Houston Rockets fans -- you may have lost Game 7 of the Western Conference Finals, but all early signs point to your star PG Chris Paul returning next season ... including the fact he's selling his L.A.-area home.

CP3, who's set to be a free agent next season, put his Calabasas property on the market just months after buying a massive mega-mansion in Texas about 30 miles from where the Rockets play ... and he's asking for a cool $11.5 million.

The Calabasas pad -- which Paul bought in 2015 for nearly $9 mil -- is more than 11,000 sq.