STORAGE EQUITIES, INC.

                 EXHIBIT 23 - CONSENT OF INDEPENDENT AUDITORS

     We consent to the reference to our firm under the caption "Experts" in the 
Prospectus of Storage Equities, Inc. (included in the Registration Statement on 
Form S-3 (No. 33-54755) for the registration of shares of its preferred stock,
shares of its common stock and warrants for the purchase of its preferred stock 
and common stock and to the incorporation by reference therein of our report 
dated February 7, 1995, except for Note 13, for which the date is March 13, 1995
with respect to the consolidated financial statements and schedules of Storage 
Equities, Inc. in its Annual Report on Form 10-K as amended by a Form 10-K/A 
(Amendment No. 2) dated April 21, 1995 for the year ended December 31, 1994 
filed with the Securities and Exchange Commission.

     We also consent to the incorporation by reference of our report dated
July 10, 1995 on the combined statements of assets, liabilities and deficit of
the property management and advisory businesses of Public Storage, Inc. as of
December 31, 1994 and 1993 and the related combined statements of operations and
cash flows for each of the three years in the period ended December 31, 1994,
and our report dated July 10, 1995 on the combined summaries of historical
information relating to real estate interests to be acquired for each of the
three years in the period ended December 31, 1994, in the Registration Statement
on Form S-3 (No. 33-54755) and related Prospectus.

                                            ERNST & YOUNG LLP

Los Angeles, California
September 7, 1995