Sources claim the former couple are getting on reasonably well and Charlie wants his two daughters to be closer to him so they can spend more time together.
According to gossip site TMZ, Denise has started moving her belongings in and has told her girls they will begin living there within the next two weeks.
And it's not just Denise and her daughters moving into the gated community in Los Angeles. The former 'Two and a Half Men' star is also set to purchase a property for his other ex-wife, Brooke Mueller, to live in with their two-year-old twin sons, Bob and Max.
However, it seems Brooke could soon be moving back into Charlie's house as the pair – whose divorce was finalised earlier this year – are rumoured to have rekindled their relationship.
The couple – who have both battled drink and drug addictions in the past – recently enjoyed a romantic break in Mexico and sources say they are considering giving things another go.