Several people called 911 just before 1:45 p.m. to report the shooting, which occurred in the 600 block of Bellevue Avenue.
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Sky7 was overhead as police searched the area near Bellevue Avenue and Perkins Street -- not far from the Lake Merritt Boating Center.
When police arrived, they found a man suffering from two gunshot wounds.
The area was closed off and residents and visitors are urged to stay out of the vicinity, police said.
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According to Oakland police, the victim was an innocent bystander uninvolved with the suspect. They suffered two gunshot wounds -- one to the neck and one to the upper body -- and they are in stable condition.
Police announced that they arrested a potential suspect at around 5 p.m..