She became a household name after sporting a red swimsuit as CJ Parker on the nineties series Baywatch.   And on Friday, Pamela Anderson put her Malibu home up for rent at $50,000 a month, according to Trulia. The former Baywatch star, 49, renovated the now-$7 million house, which she originally bought nine years ago for $1.8 million. The actress previously put the property on sale in 2013 at $7.75 million but pulled it off the market shortly after. The home, located in one of the most sought after beach side neighborhoods in Southern California, has had a complete renovation since purchased by the star. Businesswoman: The former Baywatch star renovated the now-$7 million house, which she originally bought nine years ago for $1.8 million; seen on May 27 in Marbella, Spain Wouldn’t mind this view: The actress previously put the property on sale in 2013 at $7.75 million but pulled it off the market shortly after Impeccable: The large pool and outdoor space is in full view from the living areas, with the star placing a long table on the patio The large pool and outdoor space is in full view from the living areas, with the star placing a long table on the patio.  Perfect plac...