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We investigate the $\Lambda(1520)$ photo-production in the $\vec{\gamma} p\to K^+ \Lambda(1520)$ reaction within the effective Lagrangian method nearthreshold. In addition to the "background" contributions from the contact,$t-$channel $K$ exchange, and $s-$channel nucleon pole terms, which werealready considered in previous works, the contribution from the nucleonresonance $N^*(2080)$ (spin-parity $J^P = 3/2^-$) is also considered. We showthat the inclusion of the nucleon resonance $N^*(2080)$ leads to a fairly gooddescription of the new LEPS differential cross section data, and that thesemeasurements can be used to determine some of the properties of this latterresonance. However, serious discrepancies appear when the predictions of themodel are compared to the photon-beam asymmetry also measured by the LEPSCollaboration.

The role of the $N^*(2080)$ resonance in the $\vec{\gamma} p \to K^+ \Lambda(1520)$ reaction