In this work, we outline the findings of our recent study of the properties of $N^*(1895)$ and its consequential impacts on the cross sections of the photoproduction of $\Lambda(1405)$. Further, we discuss the possibility of the existence of an isovector state, with the mass similar to $\Lambda(1405)$, which we refer to as $\Sigma(1400)$. With the idea of motivating experimental investigations of $\Sigma(1400)$, we have studied its photoproduction process and determined the respective cross sections and polarization observables. We have studied also the coupling of $N^*(1895)$ to $K\Sigma(1400)$ and found that it gives an important contribution to the cross sections near the threshold. In the process, we have determined the branching ratios of the decay of $N^*(1895)$, to the final states involving $\Lambda(1405)$ and $\Sigma(1400)$, to be in the range of 6-7 MeV. Our findings can motivate consideration of alternative processes in partial wave analyses of experimental data, when studying the properties of $N^*(1895)$.