NBA YoungBoy Hosting Album Release Live Stream While Under House Arrest

NBA YoungBoy’s new album title "Don’t Try This At Home" apparently applies to everyone but him -- the prolific rapper’s throwing a huge party in L.A. while he's home ... on house arrest in Utah!!!

Sources close to the rap star’s camp tell TMZ Hip Hop the event goes down Thursday, April 20, and NBA’s team is paying $200K to rent party space at Elevate Lounge DTLA.

We’re told Team NBA is pulling out all the stops -- 50 Cent’s Branson Cognac is sponsoring, and there will be fully decked out with customized decor, sounds provided by DJ Carisma and a fan raffle. The winner gets to talk to NBA over the stream during the party.

Might sound like a standard Hollywood event, except the guy hosting will be several hundred miles away ... due to his lengthy house arrest for a gun possession charge.

NBA linked with Nicki Minaj for the album’s latest single “WTF,” which dropped last Friday and already has a couple million views.