In 2007, he received a Lifetime Achievement Award from the Voices of Latin Rock. The tribute show was held at Bimbo's nightclub in San Francisco and was attended by Carlos Santana, who presented Peraza with an award. Also attending and performing were members of the band Malo and a reunion of the original Santana band with José Areas, Mike Carabello, Gregg Rolie, and Michael Shrieve. Every January, the Voices of Latin Rock present the Armando Peraza Award for achievement in the San Francisco Bay Area.