UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                             SCHEDULE 13D

              Under the Securities Exchange Act of 1934
                          (Amendment No. 1 )*

                       Storage Properties, Inc.
                           (Name of Issuer)

                     Common Stock, $.05 par value
                    (Title of Class of Securities)

                             861903 10 2
                            (CUSIP Number)

      David Goldberg, 600 No. Brand Blvd., Glendale, California
                  91203-1241, 818/244-8080, ext. 529
      ---------------------------------------------------------
            (Name, Address and Telephone Number of Person
          Authorized to Receive Notices and Communications)

                           April 15, 1996
       (Date of Event which Requires Filing of this Statement)

   If the filing person has previously filed a statement on
   Schedule 13G to report the acquisition which is the subject of
   this Schedule 13D, and is filing this schedule because of Rule
   13d-1(b)(3) or (4), check the following box [   ].

   Check the following box if a fee is being paid with the
   statement [   ].  (A fee is not required only if the reporting
   person: (1) has a previous statement on file reporting
   beneficial ownership of more than five percent of the class of
   securities described in Item 1; and (2) has filed no amendment
   subsequent thereto reporting beneficial ownership of five
   percent or less of such class.)  (See Rule 13d-7.)

   NOTE:  Six copies of this statement, including all exhibits,
   should be filed with the Commission.  See Rule 13d-1(a) for
   other parties to whom copies are to be sent.

   *The remainder of this cover page shall be filled out for a
   reporting person's initial filing on this form with respect to
   the subject class of securities, and for any subsequent
   amendment containing information which would alter disclosures
   provided in a prior cover page.

   The information required on the remainder of this cover page
   shall not be deemed to be "filed" for the purpose of Section 18
   of the Securities Exchange Act of 1934 ("Act") or otherwise
   subject to the liabilities of that section of the Act but shall
   be subject to all other provisions of the Act (however, see the
   Notes).

                             SCHEDULE 13D

   CUSIP No. 861903 10 2

   1    Name of Reporting Person
        S.S. or I.R.S. Identification No. of Above Person

             Public Storage, Inc.

   2    Check the Appropriate Box if a Member of a Group*
                                          a. [ ]
                                          b. [ ]

   3    SEC Use Only

   4    Source of Funds*
             WC

   5    Check Box if Disclosure of Legal Proceedings is Required
        Pursuant to Items 2(d) or 2(e)    [  ]

   6    Citizenship or Place of Organization
             California

   NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
   WITH
                  7    Sole Voting Power
                       280,600

                  8    Shared Voting Power
                       N/A

                  9    Sole Dispositive Power
                       280,600

                  10   Shared Dispositive Power
                       N/A

   11   Aggregate Amount Beneficially Owned by Each Reporting
        Person
             280,600

   12   Check Box if the Aggregate Amount in Row (11) Excludes
        Certain Shares*                   [  ]

   13   Percent of Class Represented by Amount in Row (11)
             8.38%

   14   Type of Reporting Person*

             CO

             The Statement on Schedule 13D dated April 3, 1996 (the
   "Schedule 13D") filed by Public Storage, Inc. (the "Reporting Person"),
   relating to the Common Stock, par value $.05 per share (the "Shares"),
   of Storage Properties, Inc., a California corporation (the "Issuer"),
   is amended by this Amendment No. 1 as set forth below.  Defined terms
   that are not defined herein have the meanings assigned to those terms
   in the Schedule 13D.

   Item 3.   Source and Amount of Funds or Other Consideration

             The 280,600 Shares acquired by the Reporting Person (as of
   April 15, 1996) were acquired as follows:  (i) 20,000 Shares were
   acquired by the Reporting Person as a result of the PSMI Merger and
   (ii) 260,600 Shares were purchased by the Reporting Person for an
   aggregate cost (including commissions) of approximately $1,727,829,
   with funds obtained from the Reporting Person's working capital.

   Item 5.   Interest in Securities of the Issuer

             As of April 15, 1996, the Reporting Person beneficially owned
   280,600 Shares, representing approximately 8.38% of the 3,348,167
   Shares outstanding.  The Reporting Person has the sole power to vote
   and the sole power to dispose of all of these Shares.

             During the period commencing April 9, 1996 (i.e., after the
   date of the last transaction reported in the Schedule 13D) and ending
   April 15, 1996, the Reporting Person engaged in the following
   acquisitions of Shares at the following prices (not including
   commissions):

                         No. of       Type               Price
         Transaction     Shares       of                 per
         Date            Bought       Transaction        Share
         -----------     ------       -----------        -------

         4/09/96            600       open market        $6.9375
         4/15/96         32,900       open market        $7.00


                                      SIGNATURE


        After reasonable inquiry and to the best of its knowledge and
   belief, the undersigned certifies that the information set forth in
   this statement is true, complete and correct.

   Dated:  April 23, 1996              PUBLIC STORAGE, INC.


                                       By:  /s/ DAVID GOLDBERG
                                           -------------------------
                                           David Goldberg
                                           Senior Vice President and
                                           General Counsel