I'm not sure. I would tend to think no, because if the person providing the info reasonably believed the info to be true, and the police reasonably believed the provider to be telling the truth, and the warrant were properly issued by a neutral magistrate, then I think the defense would have a hard time throwing out the evidence gathered pursuant to the warrant. Even if the witness were later shown to be lying, I think the police could still make a case that their reliance on the lies was reasonable in light of the investigation, and so the warrant should be upheld.
However, I don't practice in this area of law, and I don't practice in California, so please take what I say with a grain of salt. This is really a better question for a criminal law attorney.