EXHIBIT 23.1               CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statement (Form
S-8 No. 33-62723) pertaining to the Price Enterprises 1995 Combined Stock Grant
and Stock Option Plan, As Amended and the Price Enterprises Directors' 1995
Stock Option Plan, As Amended of our report dated January 19, 2001, (except for
Note 13, as to which the date is January 26, 2001) with respect to the
consolidated financial statements and schedules of Price Enterprises, Inc.
included in the Annual Report (Form 10-K) for the year ended December 31, 2000.

                                                           /s/ ERNST & YOUNG LLP


San Diego, California
March 14, 2000