The urban processes that rethink the structure of a city give rise to a series of physical and socioeconomic transformations, evidenced by the appearance of new constructions, road systems, public space, which at the same time account for changes in the conditions of collectives and the social representations of a community. Focusing in this way on the urban changes in the practices and representations of the states of the sector of study, the Los Olivos neighborhood in Bogota DC, a group of people that appropriates a land and that with the passage of time adjusts to its conformity and legalization The purpose of this research is to characterize and analyze the physical-spatial and socioeconomic transformations, the Los Olivos neighborhood, the town of Chapinero, which has been seen by a process of buying and selling properties, by real estate agents, for the creation of new urbanizations for a social group with more purchasing power. In this sense, to characterize and analyze the transformations of the sector, a period of the Los Olivos neighborhood was maintained from 2010 to 2018, taking into account that since the beginning of this period it began with the process of urban transformation caused by the Real estate agents, in the immediate environment of this sector. The methodology for this investigation consisted of the application of a series of interviews, field trips and documentary compilation of the case study, focusing on the writing of a series of parameters studying the phenomena that are shown in the study area in the Framework of the principles of urban planning. The characterization process resulting from the socioeconomic transformations of the Los Olivos neighborhood, 2010-2018 period, the identification of the following tensions is concluded: the dynamics of valorization-devaluation of urban land, the strata gap between the neighborhood community and the new ones buildings, displacement of inhabitants of the sector, and finally it is worth highlighting the existence of the following phenomena of urban transformation: urban renewal and gentrification.