EXHIBIT 23

                        CONSENT OF INDEPENDENT AUDITORS
    
     We consent to the incorporation by reference in the Registration Statement 
on Form S-8 (No. 33-36004) of Storage Equities, Inc. pertaining to the Storage 
Equities, Inc. 1990 Stock Option Plan, the Registration Statement on Form S-8 
(No. 33-55541) pertaining to the Storage Equities, Inc. 1994 Stock Option Plan, 
the Registration Statement on Form S-3 (No. 33-54755) and in the related 
prospectus and Registration Statement on Form S-4 (No. 33-49696) and in the 
related prospectus of our report dated February 7, 1995, except Note 13, for 
which the date is March 13, 1995 with respect to the consolidated financial 
statements and schedules of Storage Equities, Inc. for the years ended December
31, 1994, 1993 and 1992 included in the Annual Report (Form 10-K) as amended by
a Form 10-K/A (Amendment No. 2) dated April 21, 1995 for 1994 filed with the
Securities and Exchange Commission.     


                                               ERNST & YOUNG LLP

April 21, 1995
Los Angeles, California