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Pacific Gulf Properties Declares First Quarter 1998 Dividend

    NEWPORT BEACH, Calif., March 11 /PRNewswire/ -- Directors of Pacific Gulf
Properties Inc. (NYSE: PAG) today declared a regular dividend of $.42 per
share.  The dividend will be payable April 10, 1998, to shareholders of record
on April 1, 1998.
    Pacific Gulf Properties Inc., a self-administered and self-managed equity
real estate investment trust, owns, operates, leases, acquires, rehabilitates
and develops industrial and multifamily properties located in selected markets
within the western United States.


SOURCE Pacific Gulf Properties Inc.




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CONTACT:
Cindy L. Smith, Investor Relations of Pacific
Gulf Properties Inc., 714-223-5000 or 800-PGP-1909
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
671475