Picking classes for Senior year

Would it look good for me to take two ap foreign language classes my senior year in my transcript or would it not really matter?

I have taken Italian 1,2,3 and plan on taking ap my senior year
I am Hispanic so I can took Spanish 3 and plan on taking ap next year

Yes it’d definitely distinguish you, especially if you’re applying to a top university/LAC (or a university where foreign language fluency is important, such as Middlebury or Macalester, or expected, such as HYP). This would be most important if you plan to apply for Humanities/Social Sciences.
It’d be better if you took the AP Spanish exam this year, unless you intend on taking AP Spanish as a class senior year.

If you are Hispanic and spanish is your second language, what good is AP spanish? If you are bi-lingual already in Spanish, just put bi-lingual on the application or trilingual if you are able to with the Italian. Take a different AP class. The trilingual is most important.

Just because one is a heritage speaker of Spanish (or Chinese, Korean, etc.) does not mean that one is able to read and/or write in the target language.

^This, ten times. Heritage speaker does not mean native speaker, and while being heritage/native helps for the SAT Subject, the higher level required for AP means the person has high fluency in all linguistic skills (reading, writing, speaking, listening) used in a culturally-appropriate context.