<SEQUENCE> 2
[DESCRIPTION] CONSENT OF INDEPENDENT ACCOUNTANTS



                                 EXHIBIT 23.1


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


We  consent  to  the  incorporation by reference in  the  previously  filed
Registration  Statement  No. 333-29485 of Health Care  Property  Investors,
Inc.  of  our report dated December 7, 1998, with respect to the Pro  Forma
Statements of Operations of the Acquired Properties (as listed in Item 2 of
the Current Report on Form 8-K/A) included in the Current Report on Form 8-
K/A  Amendment No. 1 dated December 7, 1998, filed with the Securities  and
Exchange Commission.



ARTHUR ANDERSEN LLP

Orange County, California
December 7, 1998