I saw a 120i myself today on the way back to work after lunch, on the 5 north in north county. It was dark blue with euro plates, though. I managed to snap a couple of pictures with my phone, which I can't upload at work. I'll try to get them up later.
2002 530i | Black/sand | Rondell Style 81s: 18x8.5 Front 18x10 Rear | Koni FSD | Eibach Pro-Kit | Zimmerman X-Drilled Rotors | Axxis Deluxe+ Brake Pads | StopTech SS Brake Lines | 50w 6000k Xenon Lows/LED Fogs/Phillips Luxeon LED DRLs | Angel i Brights v3.0 | Solaris Invisibulbs | Shadowline Trim | ///M5 Trunk Lip Spoiler | 35% Madico Tint | Dynavin D99+ ///M3Evolution | Backup camera | Intake Muffler, Front Plate, Badge & Cup/Coinholder Delete | Klasse AIO+SG