This mural is located on the side of the Panera Bread in Emeryville. The mural depicts the history of Emeryville. This shopping center is in Emeryville but the parking lot is considered Oakland and through some complicated relationship, Oakland and Emeryville share tax revenue. Therefore, the mural is sort of maybe kind of in Oakland. You can learn more about the weird Oakland/Emeryville parking lot situation on the Emeryville page.
More info about the mural here. The mural was painted in 2012 by Curtis Parker.