The current issue of In Touch Weekly (on newsstands now!) reports that actress/megabrand Ashley Olsen is sleeping on a pull-out sofa bed at a friend's house in Los Angeles, while the four-bedroom, Spanish-style house in Los Angeles' Hancock Park neighborhood that Ashley purchased in November is being renovated.  Back on December 23, we wrote about Olsen's $1,575,000 purchase of the 2,332-square-foot house at 461 N. Mansfield Avenue in Hancock Park, which took place on November 21 through Olsen's Isabella Missoni Trust. The house is Olsen's first real-estate purchase in the Los Angeles area since she and her twin sister Mary-Kate in late 2006 had, through their Dualstar Entertainment Group, sold their 3,675-square-foot house at 153 Ashdale Place in Los Angeles' Bel-Air area. Now, with renovations going on at Ashley's newly purchased (and surprisingly modest) house in Hancock Park, In Touch Weekly is reporting that Ashley is staying with her pal, celebrity hairstylist Estee Stanley. Ashley reportedly is sleeping on a pull-out sofa bed at Stanley's house. The magazine reported that Ashley moved into Stanley's house in February, and that she's paying $1 million to renovate her own house in Hancock Park. Based on property records, it appears that Stanley lives just down the street from Ashley's new digs. Records show that Stanley paid exactly $2,000,000 in October 2005 for her 4,782-square-foot house at 348 N. Mansfield Avenue in Hancock Park. We don't have a picture of the house yet, but we'll try to post one in the next 24 hours or so. Built in 1927, Stanley's house has six bedrooms and sits on a 0.16-acre lot. Stanley also owns an 1,817-square-foot condominium unit in the building at 1424 Crescent Heights Drive in West Hollywood, which she purchased in 2004 for $795,000, according to public records. However, we'd assume (and we'd love feedback from any eagle-eyed, celebrity-spotting readers, since In Touch Weekly didn't say for sure) that Ashley is staying with Estee in Estee's house on Mansfield. Where is Ashley's twin, Mary-Kate Olsen, living when she's in L.A.? Our friends over at the Real Estalker reported back on January 29 that Mary-Kate crashes in a rental in the Bird Streets area of Los Angeles' Hollywood Hills. END